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 façade and interior tenant improvements
Address
11402 89 AV
List Price
$5,400,000
Property Type
Commercial Sale
Area
Fort Saskatchewan
Sub-Area
Light Industrial Park
Year Built
1976
MLS® Number
E4358405
Listing Brokerage
NAI Commercial Real Estate Inc
Postal Code
T8L 2P1
Zoning
Zone 62
Construction Materials
Mixed
