11 Van Der Horn Way 12,500 SF 100% Leased Industrial Building Red Deer County, AB T4S 2M4 $1,533,888 USD ($122.71 USD/SF) 6.70% Cap Rate

For sale! 6.7% CAP Rate on this fully tenanted (5 year escalation lease-$11.25/PSF average) 12,500SF stand alone shop w/ 2 offices, common area, 3 baths, newly renovated (approximately 1,000 sq ft) and developed in the north-west corner of the shop. Boasts a 305,000 litre fire-fighting 4-season water vault onsite on 2.61 AC of fenced, compacted gravel yard! Gravelled front drive for customer/ employee parking, new LED shop lights, New office flooring, fresh paint , sealed floor with separate shop & sewer sumps, Located in the new blindman industrial area - Featuring 125'x100' long building with 4-14’x16’h drive-thru bays at the front, 6-14'X16'H bay doors at the back, ten bay doors in total. Decent drive-around access provided by drive-thru gate on east side of the property.