4000 Landry Avenue, Rural Red Deer County, Alberta

$2,350,000

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4.09

Acres

About 4000 Landry Avenue

TREMENDOUS HWY 2A EXPOSURE. This 21,600 SQ FT building, demised into 7 units , (FULLY TENANTED) w/ NNN leases in place, Situated on just over 4 ACRES, and a current 6.35% CAP RATE, GENERATING $237,240 in GROSS RENTAL INCOME (or $19,777/month). Bay sizes ranging from 30'x80' or 2,400SQ FT (5-single bays) to 60'x80' or 4,800 SQ FT (2-double bays) all with 12'x16' OHD. Secured compound on the north side of the building. Most offices are renovated, NEW ROOF IN 2019, office spaces w/ shop with offices, baths, and mezzanine open for development for more office space. 80' deep bays with two 12'x16'h doors at the back. Shared yard w/ common access. Newly re-packed, gravelled and graded yard. Total 2023/2024 Operational costs are estimated at $87,912 for 2024 or $4.07/PSF. Visit REALTORS® website for more details

Facts & Features of 4000 Landry Avenue

MLS® # A2141615
Price $2,350,000
Bathrooms 0.00
Acres 4.09
Year Built 1980
Type Commercial
Sub-Type Industrial
Status Active

Community Information

Address 4000 Landry Avenue
Subdivision Blindman Industrial Park
City Rural Red Deer County
County Red Deer County
Province Alberta
Postal Code T4S 2B3

Amenities of 4000 Landry Avenue

Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Natural Gas, Radiant
Fireplace No
Has Basement No

Exterior

Construction Metal Frame
Foundation Poured Concrete

Additional Information

Date Listed July 22nd, 2024
Days on Market 140
Zoning MI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 Advantage

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