$ 5,400,000
11402 89 AV Fort Saskatchewan, AB T8L2P1
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$ 5,400,000
Est. payment | /mo
22,651 SqFt
$ 5,400,000
Est. payment | /mo
22,651 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 22,651 sqft
Price per Sqft $238
Subdivision Light Industrial Park
MLS® Listing ID E4358405
Originating Board REALTORS® Association of Edmonton
Year Built 1976
Property Description
The Subject Property represents a stable, income-producing asset operating on carefree NNN leases secured by various tenants. It is comprised of 2 separately titled parcels totaling 3.95 acres with 22,651.50 square feet of leasable building area. Located off a busy Highway 15, this property has easy access to all major transportation routes that service Western Canada as well as global markets. Located along high traffic Veterans Way (Hwy 15) with great visibility and easy access within Fort Saskatchewan industrial area Strong Tenants on net leases with current income of $397,600 (7.36% Cap Rate) 94.7% occupied with an additional 1,200 Sq.Ft. office/storage garage remaining. Could be utilized by new owner or potential to lease out for additional income Fully fenced and partially paved yard Recent upgrades to exterior faade and interior tenant improvements (id:24570)
Location
Province AB
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Listed by NAI Commercial Real Estate Inc