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1-14, 4845 79 Street

Northlands Industrial Park, Red Deer, AB, T4P2T4

Listed by Century 21 Maximum

$3,500,000

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  • 20480 sq ft

Listed 29 days ago · MLS® A2346956

About this home

Turn-key 14-bay, 11 tenant industrial investment in Red Deer's sought-after Northlands Industrial Park. Built in 1980, this 20,480 SF single-storey Class B building offers 20' clear ceiling height on a 1.52 acre site with excellent access to 49 Avenue, Highway 11A, and the QEII Highway corridor. Fully leased to a diverse roster of established local trades and service tenants — several with 9 to 15+ years of continuous, uninterrupted occupancy — the property generates $233,480 in current annual base rent ($11.40 PSF weighted average), plus a fixed $4.50 PSF additional rent that fully recovers operating costs. Held as a single-owner bare land condominium corporation, this building can be acquired as a stabilized bulk investment or repositioned over time through a unit-by-unit strata sell-off. With Red Deer's industrial vacancy near 4% and minimal new supply given today's construction costs, well-located multi-tenant assets like this one offer a rare combination of in-place income and long-term upside in Alberta's third-largest city. Zoned I-1, Industrial Business Service Zone. (id:66966)

Details

Type
Industrial
Size
20480 sq ft
Property tax
$54,112 (2026)
Neighbourhood
Northlands Industrial Park
Municipality
Red Deer

Interior

Fireplace
No

Heating, cooling and services

Heating
Forced air, Natural gas

Building and exterior

Year built
1980
Building area
20,480 square feet

Location

Location is approximate. See nearby homes on the map

Listed by Century 21 Maximum.

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