MLS® A2346956 · Active

1-14, 4845 79 Street

Red Deer, Alberta

$3,500,000

Source-listed price. Confirm sale or lease terms and availability.

Property photographs

Property details

MLS®

A2346956

Status

Active

Property type

Industrial

City

Red Deer

Year built

1980

Living area

20480 square feet

Listing brokerage

Century 21 Maximum

About this property

Turn-key 14-bay, 11 tenant industrial investment in Red Deer's sought-after Northlands Industrial Park. Built in 1980, this 20,480 SF single-storey Class B building offers 20' clear ceiling height on a 1.52 acre site with excellent access to 49 Avenue, Highway 11A, and the QEII Highway corridor. Fully leased to a diverse roster of established local trades and service tenants — several with 9 to 15+ years of continuous, uninterrupted occupancy — the property generates $233,480 in current annual base rent ($11.40 PSF weighted average), plus a fixed $4.50 PSF additional rent that fully recovers operating costs. Held as a single-owner bare land condominium corporation, this building can be acquired as a stabilized bulk investment or repositioned over time through a unit-by-unit strata sell-off. With Red Deer's industrial vacancy near 4% and minimal new supply given today's construction costs, well-located multi-tenant assets like this one offer a rare combination of in-place income and long-term upside in Alberta's third-largest city. Zoned I-1, Industrial Business Service Zone. (id:65883)

Location

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Listing information provided through CREA DDF®. Listing courtesy of Century 21 Maximum. Source attribution · REALTOR.ca

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