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Active
$3,500,000
1-14, 4845 79 Street
Northlands Industrial Park, Red Deer
MLS® #A2346956
- 20,480 Sqft
- 66,076 square feet
- Built 1980
- Industrial
- ✓ Spacious Layout
- ✓ Real Lot Size Listed
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:66619)
Features
Interior
20,480 sqft
Lot
66,076 square feet
Heating
Forced air, Natural gas, Other
Year Built
1980
Location
Nearby schools, walkability, and amenity information is not yet available for this listing.
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Listing data is provided courtesy of the Central Alberta REALTORS® Association (CARA) MLS® System. The information is deemed reliable but not guaranteed accurate.