1-14, 4845 79 Street
Red Deer, Alberta
MLS® A2346956
$3,500,000
- Status
- Active
- Property type
- Industrial
- MLS® number
- A2346956
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1980
1 / 5Listing description
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.
Proforma available to qualified purchasers upon execution of a confidentiality agreement.
Property summary
- MLS® number
- A2346956
- Property type
- Industrial
- Square footage
- 20,480 sq ft
- Title
- Freehold
- Land size
- 66076.4 square feet
- Built in
- 1980
- Annual property taxes
- $54,112.00
- Days on market
- 0 days
Features & details
- Heating
- Forced air, Natural gas, Other
What would this home cost you?
Based on the $3,500,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Century 21 Maximum, Red Deer.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.