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Listing Provided Courtesy Of:
VIRTU REAL ESTATE
Address
80042 475 Avenue E Rural Foothills County, AB
Price
$ 4,600,000
Property Attributes
  • ML#A1025017
  • TypeCommercial
  • CityRural Foothills County
  • NeighbourhoodHigh River
  • Postal CodeT1V 1M3
  • StyleIndustrial
  • Price$ 4,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.55 Acres
Listing Provided Courtesy Of:
VIRTU REAL ESTATE
Property Description

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.

Price History
8/18/2020 Listed $4,600,000

General Features

Community Features None
Property SubType Industrial
Property Type Commercial
Section 19
Structure Type Industrial
Subdivision Name NONE
Township 19
Transaction Type For Sale
Zoning DC-2

Interior Features

Below Grade Finished Area 0.00
Building Area Total Metres 2529.17
Building Area Total Sf 27224.00
Main Level Finished Area 0.00
Main Level Finished Area Metres 0.00
Main Level Finished Area Sf 0.00
Main Level Finished Area Srch Sq 0.00
Main Level Finished Area Units SquareFeet
Range 28
Sq Ft Warehouse 21944.0000
Sqft Office 2400.0000

Exterior Features

Building Area Total 27224.00
Lot Size Acres 2.55
Outbuildings Shop/Office
Parking Total 100

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in T1V 1M3

Price
AVG $4.6M
$4.6M
Visits
AVG 73
14
Year Built
AVG 2008
2008

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