REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,495,000
Est. payment | /mo
27,788 SqFt
$ 2,495,000
Est. payment | /mo
27,788 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 27,788 sqft
Price per Sqft $89
Subdivision Richmond Industrial Park
MLS Listing ID A2296399
Year Built 1975
Property Sub-Type Industrial
Property Description
FOR SALE: 100% Occupied,Multi-Tenant Industrial Property on 1.92 Acres. This property offers a great opportunity for investors looking for a stable income-producing asset with upside potential through lease renewals and rent adjustments. The combination of industrial zoning,ample parking,functional layouts,and proximity to major transportation routes makes this an attractive investment in the well-established Richmond Industrial Park. This multi-tenant property consists of two buildings with a total of 10 units,offering flexible configurations and ideal space for a variety of industrial or commercial uses. The buildings sit on a well-maintained 1.92-acre site,providing excellent access and parking. PROPERTY FEATURES: Size: 27,788 sq.ft. (Total) 27,269 sq.ft. Main Floor + 519 sq.ft. 2nd floor (#109 )BUILDING LAYOUT:11043-92 Ave: Shop/Office#109: Two-story shop/office with 2nd-floor suite (balance of property is main floor)#111: Recently renovated,new carpet tile flooring,vinyl cove,freshly painted walls,and updated LED lighting throughout11037-92 Ave: All Shops 8 Bays - (3 dock height,5 grade bays)Bays #101-104: Approx. 95' deep Bays #105-108: Approx. 39' deep Overhead Doors: 18 total (many with electric lift)PARKING AND ACCESS: Paved parking at the front and gravel at the rear Excellent radius for bay access,providing ease of entry/exit for tenants and visitors UTILITIES: Water: Included in Net Costs (Note: Unit #101 has a 3" water line,Tenant pays directly)Power/Gas: Tenants pay directly. Units #104/105 & #106/107- Common Area Maintenance (CAM) charges applied to these units NET COSTS: Includes Building Insurance,Property Taxes,Water & Sewer,Management Fees,Exterior Repairs & Maintenance,Yard Sump,Yard Maintenance (lawn & snow),and Bank Fees LEASE DETAILS: NNN Leases: Tenants responsible for a proportionate share of operating expenses,including building insurance,property taxes,and other common costs Tenants pay directly for Janitorial,Interior Repairs & Maintenance,and Garbage Removal Shared common washroom for Units #104,#106-108 (supplies/cleaning included in their net costs) INVESTMENT HIGHLIGHTS based on 27,269 sq.ft.:Projected 2026 NOI: $326,850CAP Rate: 13.1% NOTE: Vacant photos enclosed due to Tenant considerations. Well-maintained building. New front building,lower roof membrane replacement April 2025. Silo in rear yard has been removed. New photos coming soon. (31812209)
Location
Province AB
Zoning IG
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Industrial
Others
Restrictions None Known
Listed by CommVest Realty Ltd.
NEARBY SCHOOLS & PROPERTIES
LISTINGS
3 Beds2 Baths1,216 SqFt1/20 20Open 7/12 2PM-4PM$152,000
4 Beds3 Baths1,601 SqFt1/39 39New$489,900
4 Beds3 Baths1,112 SqFt1/36 36New$395,000