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
Visits
Year Built
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.