80042 475 Avenue E, Rural Foothills County, Alberta T1V 1M3 (22249869)

Home/80042 475 Avenue E, Rural Foothills County, Alberta T1V 1M3 (22249869)


LOADING

80042 475 Avenue E Rural Foothills County, Alberta T1V 1M3

Acreage

$4,600,000

Investment opportunity to acquire a manufacturing-focused property with two pre-engineered metal buildings fully occupied by two separate tenants. 27,224sf combined over two buildings on 2.55 acres, representing a site coverage ratio of 22%. Lease income: $326,700 per year. 3-years of term remaining on existing leases plus tenant options to renew. Clean, well-maintained property with heavy power and crane capacity, including overhead bridge cranes. Two floors of office contracted in Building B in 2019 totaling 2,880sf at a cost of $300,000. Building A (11,961sf) built in 2008 and Building B (15,264sf) built in 2010. Total of 9 oversized drive-in loading doors, and 600amp 600volt power in each building. Located 25 minutes south of Calgary on Highway 2A in High River, Alberta. The asking sale price represents a 7.1% cap rate. (id:29763)

Property Details

MLS® Number A1025017
Property Type Industrial
Features None
Parking Space Total 100
Plan 0713900
Total Buildings 2

Building

Basement Type Unknown
Constructed Date 2008
Total Finished Area 27224 Sqft

Land

Acreage Yes
Size Irregular 2.55
Size Total 2.55 Ac|2 - 4.99 Acres
Size Total Text 2.55 Ac|2 - 4.99 Acres
Zoning Description Dc-2

https://www.realtor.ca/real-estate/22249869/80042-475-avenue-e-rural-foothills-county

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