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In-PersonVirtual Tour
$ 799,900
Est. payment | /mo
2,780 SqFt
$ 799,900
Est. payment | /mo
2,780 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,780 sqft
Price per Sqft $287
Subdivision Stoney 3
MLS Listing ID A2260129
Year Built 2019
Property Sub-Type Industrial
Property Description
This prime commercial property offers a versatile investment opportunity with both office and warehouse components. The top floor features seven offices currently rented on a month-to-month basis, providing flexible tenancy options, while the main floor office area offers an excellent opportunity for an investor to secure additional income or for an owner-user seeking their own space, and the owner also has the option to lease out this main floor office area to further boost revenue. And that's not all! The main floor also includes a considerably large warehouse space at the back that is also rented out. This property has historically generated $8,200 per month at full occupancy, supporting an estimated cap rate in the mid-8% range, a remarkably strong return for a property in this location and asset class. Even for an owner-user who occupies part of the building, the remaining rentable areas still provide the opportunity to achieve a highly attractive cap rate, making this property a strong and flexible income-generating asset. Situated in a high-traffic, rapidly growing business area, this property delivers outstanding long-term potential with the opportunity to further enhance returns through strategic leasing.
Location
Province AB
Zoning I-G
Direction NE
Interior
Inclusions Call Lister
Fireplace No
Exterior
Garage No
Building
Dwelling Type Industrial
Others
Restrictions Call Lister
Listed by Royal LePage METRO