Property Details
35, 32580 RANGE ROAD 11
Rural Mountain View County (A2283669)
Description
Exceptional opportunity to acquire a newly constructed industrial investment property in the growing commercial hub of Netook Crossing, strategically located along the Highway 2 corridor near Olds, Alberta. Offering excellent accessibility between Calgary and Red Deer, this location continues to attract a diverse mix of industrial, service, and commercial users.
Constructed with durable steel and concrete materials for long-term performance and low maintenance, the property features a 16,200 sq. ft. industrial building comprised of nine 1,800 sq. ft. bays. Each bay is equipped with a 16' x 16' overhead door and access to a fully fenced and secured yard area, providing flexibility for a wide range of industrial and commercial operations.
The property is currently fully leased under Triple Net lease agreements with an average base rental rate of $19.66 per square foot, generating strong and stable income. At the current asking price, the investment offers an attractive 10.99% capitalization rate, further enhanced by Mountain View County's business-friendly environment and comparatively low property taxes.
A unique feature of this offering is the upcoming availability of six contiguous bays, totaling approximately 10,800 sq. ft., becoming available in September. This creates a rare opportunity for an owner-operator to occupy a significant portion of the building while maintaining income from the remaining leased bays. Alternatively, investors may reposition and lease the available space at market rates to further enhance future returns.
Whether you are seeking immediate cash flow, long-term appreciation, or a combination of investment income and owner-user occupancy, this property offers exceptional flexibility and strong upside potential in one of Central Alberta's emerging industrial growth corridors.
Property details
- MLS® #
- A2283669
- Property Type:
- Commercial
- Subtype:
- Industrial
- Subdivision:
- NONE
- Price
- $2,990,000
- Sale/Lease:
- For Sale
- Size:
- 16,200 sq.ft.
- Year Built:
- 2024 (2 years old)
- Structure Type:
- Industrial
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- N/A
- Nearest Town:
- Olds
- Lot Size:
- 3 acres
- Lot Features:
- Level, Yard Lights
- Legal Land Desc:
- 32-35-1-W5
- Water:
- Cistern, Private
- Sewer:
- Engineered Septic
- Utilities:
- Electricity Connected, Natural Gas Connected, Water Paid For
- Zoning:
- I-BP
- Roof:
- Metal
- Exterior:
- Aluminum Siding ,Metal Frame
- Foundation:
- Slab
- Heating:
- Exhaust Fan, Natural Gas, Radiant
- Days on Market:
- 122
Basic Info
Building Info
Acreage/Farm Info
Lot / Land Info
Materials & Systems
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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