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Nick Penney
info@nickpenney.com$24,000,000
Est. payment /mo
152,337 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 152,337 sqft
Price per Sqft $157
Subdivision Parsons Industrial
MLS® Listing ID E4428614
Originating Board REALTORS® Association of Edmonton
Year Built 2007
Property Description
Investment Opportunity This is a rare chance to purchase a high-quality Class A industrial building with a strong long term tenant already in place. The property offers stable income with a triple-net lease. Built in 2007 and kept in excellent condition- with recently replaced roof- the facility includes modern features like, LED lighting, multiple bridge cranes, and a secure, fenced yard. Located on 8.35 acres with great access to major highways and transportation routes, this is a turnkey investment generating $1.6 million in annual income with a 7% cap rate. The lease runs until June 30, 2027 and the tenant has expressed interest in his option to renew. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
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Listed by RE/MAX Real Estate
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Nick Penney