Courtesy Of Derek Claffey Of NAI Commercial Real Estate Inc

11402 89 Av, Fort Saskatchewan, AB

$5,400,000

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22,651

Square feet

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
Price $5,400,000
Square Footage 22,651
Acres 0.00
Year Built 1976
Type Industrial

Community Information

Address 11402 89 Av
Area Fort Saskatchewan
Subdivision Light Industrial Park
City Fort Saskatchewan
Province AB
Postal Code T8L 2P1

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Construction Mixed

Additional Information

Date Listed September 14th, 2023
RE / Bank Owned No

Listing Details

OfficeCourtesy Of Derek Claffey Of NAI Commercial Real Estate Inc

Listing Map