9,000 ft²Industrial$1,599,900Sale
9,000 ft²
Industrial
$1,599,900
Sale
Hai Duong
ReMax Excellence Commercial Division
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INVESTMENT OPPORTUNITY: For sale 4 industrial bays 25 ft x 90 ft with 16 ft ceiling in the heart of WEIR INDUSTRIAL, IM Zoning. Good long term tenant over 10 years with NOI $113,750 with Cap Rate 7.11% . Well maintenance, low condo fee, concrete block exterior building with steel beam roof support and Q-deck. Newly paved parking lot. $260,000 worth of Power system upgrade of 480V 3 phase power at 1,200 Amps capacity, plus upgraded forced air ceiling heating and tankless hot water system. 3 grade level loading doors 12' x 12'. Excellence access to 50 Street, Sherwood Park Fwy and Anthony Henday Dr.
The Space
Asking Price$1,599,900
Available Space9,000 ft²
Net Operating Income$113750.0
SourceBuildout
The Building - 4 Condo Bays
South of Sherwood Park Fwy and East of 50 Street
Property TypeIndustrial
Floors4
Building Size9,000 ft²
Lot Size0.21 AC
ZoningIM
Year Built1978
Net Operating Income$113,750/yr
Up to $500K for Alberta businesses
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