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$ 3,950,000
Est. payment | /mo
16,200 SqFt
$ 3,950,000
Est. payment | /mo
16,200 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 16,200 sqft
Price per Sqft $243
MLS® Listing ID A2222559
Year Built 2024
Lot Size 2.500 Acres
Acres 2.5
Property Sub-Type Freehold
Source Central Alberta REALTORS® Association
Property Description
New Industrial Building | Fully Leased | Netook Crossing – Mountain View County, ABNewly constructed 9-bay industrial building located in the growing commercial area of Netook Crossing, just off the Hwy 2 corridor near the Town of Olds. This high-visibility property offers excellent access to both Calgary and Red Deer, each approximately 35 minutes away.Built with steel and concrete construction, the property is designed for long-term durability and minimal maintenance. The 16,200 sq. ft. building features nine 1,800 sq. ft. bays, each with a 16' x 16' overhead door and access to a fully fenced yard. The bays are currently leased is a 5 bay +1 and 3, grouping, allowing for future tenant flexibility through demising or expansion.All tenancies are secured under Triple Net leases, generating an average base rent of $19.66 per sq. ft. With a Cap rate of 8.06% Located in business-friendly Mountain View County, the site also benefits from extremely low property taxes. CThis is an investment that offers strong ROI and long-term income potential in a strategic location with continued commercial growth. (id:24570)
Location
State AB
Rooms
Kitchen 0.0
Interior
Heating Other, , Radiant heat
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by Century 21 Maximum
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