22,650 ft²Industrial$5,600,000Sale
22,650 ft²
Industrial
$5,600,000
Sale
Download Brochures
Co-listed with Derek Claffey, NAI Commercial Edmonton NAI Commercial is pleased to present an opportunity to acquire approximately 22,650 SF multi-tenanted industrial investment property located at 11402 89th Avenue and 8906 114th Street, Fort Saskatchewan, AB (“the Property”). The Property represents a stable, income-producing asset operating on carefree NNN leases secured by multiple tenants. The Property is comprised of 2 separately titled parcels totaling 3.95 acres and with 2 standalone buildings totalling 22,650 square feet of leasable building area. Located off a busy Highway 15, the Property enjoys easy access to all major transportation routes that service Western Canada. There is also an opportunity for increased income through leasing the vacant unit and excess yard or the potential development of a new building. Investment Highlights • Located on Veterans Way (Hwy 15) • Fully Fenced Yard • Tenants on Net Leases • Below Market Rents • Owner User Opportunity See brochure for detailed Tenant Summary.
The Space
Asking Price$5,600,000
Available Space22,650 ft²
Net Operating Income$364000
Property UseInvestment property
ZoningLight Industrial District (IL)
Cap Rate6.5%
Year Built1976
SourceDirect
Corner Lot
Highway Access
The Building
Fort Saskatchewan, located in Alberta, Canada, is a thriving community along the North Saskatchewan River, approximately 30 km from Edmonton. With a population of around 27,000, the city blends its rich history as a trading post with a diverse economy encompassing industries like petrochemicals, manufacturing, and agriculture. Residents and visitors can enjoy an array of outdoor activities with extensive trails and parks, while education is supported by various schools and the Northern Alberta Institute of Technology. With steady growth, Fort Saskatchewan prioritizes maintaining a high quality of life through investments in public services and community programs, making it an inviting and dynamic place to call home.
Property TypeIndustrial
Building Size22,650 ft²
Lot Size3.95 AC
Corner Lot
Highway Access
Up to $500K for Alberta businesses
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