4000 Landry Avenue, Rural Red Deer County
- Living area: 21600 square feet
- Type: Commercial
- Added: 87 days ago
- Updated: 42 days ago
- Last Checked: 56 minutes ago
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 (id:1945)
Property Details
- Heating: Radiant heat, Forced air, Natural gas
- Year Built: 1980
- Building Area Total: 21600
- Foundation Details: Poured Concrete
- Construction Materials: Steel frame
Interior Features
- Living Area: 21600
- Above Grade Finished Area: 21600
- Above Grade Finished Area Units: square feet
Exterior & Lot Features
- Lot Size Units: acres
- Lot Size Dimensions: 4.09
Location & Community
- Subdivision Name: Blindman Industrial Park
Tax & Legal Information
- Tax Lot: 1
- Tax Year: 2024
- Tax Block: 1
- Parcel Number: 0013597754
- Tax Annual Amount: 28154
- Zoning Description: MI
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