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11 Van Der Horn Way 12,500 SF 100% Leased Industrial Building Red Deer County, AB T4S 2M4 $1,535,952 USD ($122.88 USD/SF) 6.70% Cap Rate
Executive Summary
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.
Property Facts
| Price | $1,535,952 USD | Lot Size | 2.61 AC |
| Price Per SF | $122.88 USD | Rentable Building Area | 12,500 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.70% | Year Built | 2000 |
| Property Type | Industrial | Parking Ratio | 0.8/1,000 SF |
| Building Class | B | ||
| Zoning | BSI | ||
| Price | $1,535,952 USD |
| Price Per SF | $122.88 USD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 2.61 AC |
| Rentable Building Area | 12,500 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | BSI |
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11 Van Der Horn Way
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