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$2,990,000
Est. payment /mo
16,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 16,200 sqft
Price per Sqft $184
MLS Listing ID A2283669
Year Built 2024
Lot Size 2.500 Acres
Acres 2.5
Property Sub-Type Industrial
Property Description
New Industrial Building | Fully Leased | Netook Crossing – Mountain View County,AB
Newly constructed 9-bay industrial building located in the growing commercial area of Netook Crossing,just off the Hwy 2 corridor near the Town of Olds. This high-visibility property offers excellent access to both Calgary and Red Deer,each approximately 35 minutes away.
Built with steel and concrete construction,the property is designed for long-term durability and minimal maintenance. The 16,200 sq. ft. building features nine 1,800 sq. ft. bays,each with a 16' x 16' overhead door and access to a fully fenced yard. The bays are currently leased is a 5 bay +1 and 3,grouping,allowing for future tenant flexibility through demising or expansion.
All tenancies are secured under Triple Net leases,generating an average base rent of $19.66 per sq. ft. With a Current Cap rate of 10.99% Located in business-friendly Mountain View County,the site also benefits from extremely low property taxes. C
This is an investment that offers strong ROI and long-term income potential in a strategic location with continued commercial growth.
Newly constructed 9-bay industrial building located in the growing commercial area of Netook Crossing,just off the Hwy 2 corridor near the Town of Olds. This high-visibility property offers excellent access to both Calgary and Red Deer,each approximately 35 minutes away.
Built with steel and concrete construction,the property is designed for long-term durability and minimal maintenance. The 16,200 sq. ft. building features nine 1,800 sq. ft. bays,each with a 16' x 16' overhead door and access to a fully fenced yard. The bays are currently leased is a 5 bay +1 and 3,grouping,allowing for future tenant flexibility through demising or expansion.
All tenancies are secured under Triple Net leases,generating an average base rent of $19.66 per sq. ft. With a Current Cap rate of 10.99% Located in business-friendly Mountain View County,the site also benefits from extremely low property taxes. C
This is an investment that offers strong ROI and long-term income potential in a strategic location with continued commercial growth.
Location
Province AB
Zoning I-BP
Interior
Heating Exhaust Fan, Natural Gas, Radiant
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Water Paid For
Water Access Desc Cistern,Private
Roof Type Metal
Garage No
Building
Lot Description Level, Yard Lights
Dwelling Type Industrial
Foundation Slab
Sewer Engineered Septic
Water Cistern, Private
Others
Restrictions None Known
Read Less Info
Listed by Century 21 Maximum
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