Courtesy Of Derek Claffey Of NAI Commercial Real Estate Inc
About 11402 89 Av
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
Features of 11402 89 Av
MLS® # | E4358405 |
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Price | $5,400,000 |
Square Footage | 22,651 |
Acres | 0.00 |
Year Built | 1976 |
Type | Industrial |
Community Information
Address | 11402 89 Av |
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Area | Fort Saskatchewan |
Subdivision | Light Industrial Park |
City | Fort Saskatchewan |
Province | AB |
Postal Code | T8L 2P1 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Fireplace | No |
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Has Basement | No |
Exterior
Construction | Mixed |
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Additional Information
Date Listed | September 14th, 2023 |
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RE / Bank Owned | No |
Listing Details
Office | Courtesy Of Derek Claffey Of NAI Commercial Real Estate Inc |
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