11,800 ft²Industrial$3,200,000Sale
11,800 ft²
Industrial
$3,200,000
Sale
Eric Stang
Royal Park Realty
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We are pleased to offer the opportunity to acquire this stand alone investment property in the Cloverbar industrial area of Strathcona County. The property consists of 11,800 sq ft on 2.19 Acres and is 100% occupied with a lease in place until January 2028 with renewal options. An excellent opportunity for investors to acquire a desirable, care-free industrial investment property.
The Space
Asking Price$3,200,000
Available Space11,800 ft²
Net Operating Income$197650
Property UseInvestment property
SourceDirect
The Building
MUNICIPAL ADDRESS 323-116 Avenue, Strathcona County, AB LEGAL DESCRIPTION Plan: 9122116; Lot: 4 ZONING IH (Heavy Industrial) BUILDING SIZE 11,800 sq ft ± SITE SIZE 2.19 Acres ± BUILT 1984 (shop) 1993 (office addition) CONSTRUCTION Steel frame GRADE LOADING 6 - 12’ x 14’ CEILING HEIGHT 20' - 24' DRAINAGE Trench sumps & dual compartment sumps POWER 400 Amp, 600 Volt, 3 Phase HEATING Forced air & radiant
Property TypeIndustrial
Floors1
Building Size11,800 ft²
Lot Size2.19 AC
ZoningIH
Cap Rate6.2%
Bay Doors6
Year Built1984
Ceiling Height20'0"
Net Operating Income$197,650/yr
Up to $500K for Alberta businesses
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