5715 35 Street SE Active

Calgary,AB T2C2H1

$ 3900000

- Bed

- Bath

14248 SqFt


Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 14,248 sqft

Price per Sqft $273

Subdivision Foothills

MLS Listing ID A2140963

Year Built 1980

Lot Size 1.360 Acres

Property Description

INVESTOR ALERT! ? This recently renovated and upgraded investment property has been leased by a large multinational tenant with an excellent covenant. Their initial lease term expires in 2028 and they have three options to extend for up to another 15 years. The current cap rate is approximately 5% with upside as the net rent increases annually. ? Location: Foothills Industrial / Year Built: 1980 / Available: Immediately / Site Size: ~ 1.36 acres / Building Area: ~ 14,248 square feet / Zoning: I-G (Industrial General) / Loading: 3 ? 14? x 14? drive-in doors, 2 ? 10? x 10? drive-in doors, 1 ? 12? x 12? drive-in doors / Ceiling Height: ~ 20? to 26? in shop / Power: 400 amps @ 600 volts (TBV) / 2024 Property Taxes: $60,478.56 / 2024 Assessed Value: $2,750,000 / Notes: Expertly built and recently renovated and upgraded, this building features: ~ 11,266 square feet of shop space, ~ 2,982 square feet of office space over two floors, Partly paved and fenced yard space, Make-up air system in shop, Multiple large overhead cranes, Curtained wash bay with pressure washer, Air-conditioned offices on both floors, Numerous nearby amenities, Area serviced by public transit ? DISCLOSURE: Tenant has the right of first refusal to purchase the property. (id:24570)

Location

Province AB

Exterior

Garage No

Waterfront No

View Y/N No

View More
Favorite Go Tour