Property Details
1-14, 4845 79 Street
Red Deer (A2346956)
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.
Property details
- MLS® #
- A2346956
- Property Type:
- Commercial
- Subtype:
- Industrial
- Subdivision:
- Northlands Industrial Park
- Price
- $3,500,000
- Sale/Lease:
- For Sale
- Size:
- 20,480 sq.ft.
- Year Built:
- 1980 (46 years old)
- Structure Type:
- Industrial
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- N/A
- Lot Size:
- 2 acres
- Zoning:
- I-1
- Heating:
- Ceiling, Forced Air, Natural Gas
- Possession:
- Immediate
- Days on Market:
- 3
Basic Info
Building 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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