$3,900,000
5715 35 Street SE Calgary, AB T2C2H1
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Nick Penney
info@nickpenney.com
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Nick Penney
info@nickpenney.com$3,900,000
Est. payment /mo
14,248 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 14,248 sqft
Price per Sqft $273
Subdivision Foothills
MLS® Listing ID A2140963
Originating Board Calgary Real Estate Board
Year Built 1980
Lot Size 1.360 Acres
Acres 59241.6
Property Description
INVESTOR ALERT! — This recently renovated and upgraded investment property has been leased by a large multinational tenant with an excellent covenant. Their initial lease term expires in 2028 and they have three options to extend for up to another 15 years. The current cap rate is approximately 5% with upside as the net rent increases annually. — Location: Foothills Industrial / Year Built: 1980 / Available: Immediately / Site Size: ~ 1.36 acres / Building Area: ~ 14,248 square feet / Zoning: I-G (Industrial General) / Loading: 3 – 14’ x 14’ drive-in doors, 2 – 10’ x 10’ drive-in doors, 1 – 12’ x 12’ drive-in doors / Ceiling Height: ~ 20’ to 26’ in shop / Power: 400 amps @ 600 volts (TBV) / 2024 Property Taxes: $60,478.56 / 2024 Assessed Value: $2,750,000 / Notes: Expertly built and recently renovated and upgraded, this building features: ~ 11,266 square feet of shop space, ~ 2,982 square feet of office space over two floors, Partly paved and fenced yard space, Make-up air system in shop, Multiple large overhead cranes, Curtained wash bay with pressure washer, Air-conditioned offices on both floors, Numerous nearby amenities, Area serviced by public transit — DISCLOSURE: Tenant has the right of first refusal to purchase the property. (id:24570)
Location
Province AB
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Others
Ownership Freehold
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Listed by RE/MAX House of Real Estate
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Nick Penney