About 4000 Landry Avenue
TREMENDOUS HWY 2A EXPOSURE. This 21,600 SQ FT building, demised into 7 units , (FULLY TENANTED) w/ NNN leases in place, Situated on just over 4 ACRES, and a current 6.35% CAP RATE, GENERATING $237,240 in GROSS RENTAL INCOME (or $19,777/month). Bay sizes ranging from 30'x80' or 2,400SQ FT (5-single bays) to 60'x80' or 4,800 SQ FT (2-double bays) all with 12'x16' OHD. Secured compound on the north side of the building. Most offices are renovated, NEW ROOF IN 2019, office spaces w/ shop with offices, baths, and mezzanine open for development for more office space. 80' deep bays with two 12'x16'h doors at the back. Shared yard w/ common access. Newly re-packed, gravelled and graded yard. Total 2023/2024 Operational costs are estimated at $87,912 for 2024 or $4.07/PSF. Visit REALTORS® website for more details
Features of 4000 Landry Avenue
| MLS® # | A2141615 |
|---|---|
| Price | $2,350,000 |
| Bathrooms | 0.00 |
| Acres | 4.09 |
| Year Built | 1980 |
| Type | Commercial |
| Sub-Type | Industrial |
| Status | Active |
Community Information
| Address | 4000 Landry Avenue |
|---|---|
| Subdivision | Blindman Industrial Park |
| City | Rural Red Deer County |
| County | Red Deer County |
| Province | Alberta |
| Postal Code | T4S 2B3 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas, Radiant |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Construction | Metal Frame |
|---|---|
| Foundation | Poured Concrete |
Additional Information
| Date Listed | July 22nd, 2024 |
|---|---|
| Days on Market | 114 |
| Zoning | MI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Century 21 Advantage |
|---|