Property overview
Commercial opportunity in Red Deer
Turn-key 14-bay, 11 tenant industrial investment in Red Deer's sought-after Northlands Industrial Park. Built in 1980, this 20,480 SF single-storey Class B building offers 20' clear ceiling height on a 1.52 acre site with excellent access to 49 Avenue, Highway 11A, and the QEII Highway corridor. Fully leased to a diverse roster of established local trades and service tenants — several with 9 to 15+ years of continuous, uninterrupted occupancy — the property generates $233,480 in current annual base rent ($11.40 PSF weighted average), plus a fixed $4.50 PSF additional rent that fully recovers operating costs. Held as a single-owner bare land condominium corporation, this building can be acquired as a stabilized bulk investment or repositioned over time through a unit-by-unit strata sell-off. With Red Deer's industrial vacancy near 4% and minimal new supply given today's construction costs, well-located multi-tenant assets like this one offer a rare combination of in-place income and long-term upside in Alberta's third-largest city. Zoned I-1, Industrial Business Service Zone. (id:66954)
Property details
- Property Type
- Commercial
- Property Sub Type
- Industrial
- Transaction Type
- For Sale
- DDF Listing Status
- Active
- List Price
- $3,500,000
- Total Building Area
- 20,480 sq. ft.
- Year Built
- 1980
- Heating
- Forced air, Natural gas, Other
- Zoning
- I-1
Community
Northlands Industrial Park (Red Deer)
Information is provided for general reference and is subject to confirmation. Live listing data is supplied through REALTOR.ca DDF®.