4000 Landry Avenue Rural Red Deer County, Alberta T4S 2B3
$2,350,000
TREMENDOUS HWY 2A EXPOSURE. This 21,600 SQ FT building, demised into 7 units , (FULLY TENANTED) Situated on just over 4 ACRES, and a current 7.7% CAP RATE, GENERATING $257,328 in GROSS RENTAL INCOME (or $21,444/month). Bay sizes ranging from 30'x80' or 2,400SQ FT (5-single bays) to 60'x80' or 4,800 SQ FT (2-double bays) all with 12'x16' OHD. Secured compound on the north side of the building. Most offices are renovated, NEW ROOF IN 2019, office spaces w/ shop with offices, baths, and mezzanine open for development for more office space. 80' deep bays with two 12'x16'h doors at the back. Shared yard w/ common access. Newly re-packed, gravelled and graded yard. Total 2023 Operational costs were $75,042.84 Visit REALTORS® website for more details (id:57312)
Property Details
| MLS® Number | A2141615 |
| Property Type | Industrial |
| Community Name | Blindman Industrial Park |
| Plan | 7822180 |
Building
| ConstructedDate | 1980 |
| ConstructionMaterial | Steel Frame |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air, Radiant Heat |
| SizeExterior | 21600 Sqft |
| SizeInterior | 21600 Sqft |
| TotalFinishedArea | 21600 Sqft |
Land
| Acreage | Yes |
| SizeIrregular | 4.09 |
| SizeTotal | 4.09 Ac|2 - 4.99 Acres |
| SizeTotalText | 4.09 Ac|2 - 4.99 Acres |
| ZoningDescription | Mi |
Interested?
Contact us for more information
Wesley Giesbrecht
Associate
206, 4807 - 50 Avenue
Red Deer, Alberta T4N 4A5
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 23 2024 12:08:10
Central Alberta REALTORS® Association
Century 21 Advantage