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5212 48 St
Red Deer, AB T4N 7C3
Office Property For Sale
·
5,891 SF
Investment Highlights
- Provides convenient access and strong visibility within the city’s core trade area.
- Established professional tenants.
- Uses supported under DC Direct Control zoning for office and retail operations.
Executive Summary
Heritage Village Condos at 5212 48 Street in Red Deer, Alberta is a 2001-built commercial condominium investment situated near Taylor Drive in a central, easily accessible location. The offering features an office component leased to Shajani CPA and a street oriented retail component leased to National Hearing Services Inc. o/a Connect Hearing, providing diversified income from established professional and medical related tenants. With strong in-place income, flexible lease terms on the office side, and a long term retail lease with renewal options, this property presents a compelling opportunity for investors seeking stable cash flow in a well positioned Red Deer asset.
Property Facts
| Total Building Size | 5,891 SF | Typical Floor Size | 5,545 SF |
| Property Type | Office | Year Built | 2001 |
| Building Class | B | Lot Size | 2.21 AC |
| Floors | 1 | Parking Ratio | 4.33/1,000 SF |
| Zoning | DC - Direct Control | ||
| Total Building Size | 5,891 SF |
| Property Type | Office |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 5,545 SF |
| Year Built | 2001 |
| Lot Size | 2.21 AC |
| Parking Ratio | 4.33/1,000 SF |
| Zoning | DC - Direct Control |
2 Units Available
Unit A203
| Unit Size | 2,506 SF | Sale Type | Investment or Owner User |
| Condo Use | Office | NOI | $34,534.83 USD |
| Unit Size | 2,506 SF |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| NOI | $34,534.83 USD |
Description
The unit features a large reception and waiting area, boardroom, private offices, plenty of natural light, and large building signage facing Taylor drive and the common parking area. Unit C105 is main floor retail medical condo leased by Connect Hearing who have been tenants since 2013. The unit has tasteful upgrades, large reception and waiting area, nursing station, private exam rooms, and a large lunchroom / kitchenette area.
Sale Notes
Prime investment opportunity to purchase two condos in Heritage Village, Red Deer. This busy commercial center offers professional property management, excellent parking for staff and clientele, easy access to Taylor Drive and Ross Street, steps away from the newly anticipated Capstone development, Red Deer River trail system, and the Red Deer Regional Hospital. Unit A203 is a second floor sale-leaseback opportunity with Shajani CPA, Chartered Professional Accountants & Advisors. Preference is to sell both units together as a package.
Unit C105
| Unit Size | 2,203 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail | NOI | $39,406.21 USD |
| Unit Size | 2,203 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| NOI | $39,406.21 USD |
Description
The unit features a large reception and waiting area, boardroom, private offices, plenty of natural light, and large building signage facing Taylor drive and the common parking area. Unit C105 is main floor retail medical condo leased by Connect Hearing who have been tenants since 2013. The unit has tasteful upgrades, large reception and waiting area, nursing station, private exam rooms, and a large lunchroom / kitchenette area.
Sale Notes
Prime investment opportunity to purchase two condos in Heritage Village, Red Deer. This busy commercial center offers professional property management, excellent parking for staff and clientele, easy access to Taylor Drive and Ross Street, steps away from the newly anticipated Capstone development, Red Deer River trail system, and the Red Deer Regional Hospital. Unit A203 is a second floor sale-leaseback opportunity with Shajani CPA, Chartered Professional Accountants & Advisors. The unit features a large reception and waiting area, boardroom, private offices, plenty of natural light, and large building signage facing Taylor drive and the common parking area. Unit C105 is main floor retail medical condo leased by Connect Hearing who have been tenants since 2013. The unit has tasteful upgrades, large reception and waiting area, nursing station, private exam rooms, and a large lunchroom / kitchenette area. Preference is to sell both units together as a package.
