4000 Landry Ave
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4000 Landry Ave
21,600 SF 100% Leased Industrial Building Red Deer County, AB T4S 2B3 $1,677,062 USD ($78 USD/SF) 6.35% Cap Rate
Investment Highlights
- Along hwy 2A-Fantastic Exposure
- 16' high OHD access with office space/ bath and undeveloped mezzanines
- Most bays upgraded to LED lighting
Executive Summary
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
Financial Summary (Actual - 2023) Click Here to Access |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,677,062 USD | Rentable Building Area | 21,600 SF |
| Price Per SF | $78 USD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1980 |
| Cap Rate | 6.35% | Clear Ceiling Height | 18 FT |
| Property Type | Industrial | No. Dock-High Doors/Loading | 9 |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 4.00 AC |
| Price | $1,677,062 USD |
| Price Per SF | $78 USD |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 4.00 AC |
| Rentable Building Area | 21,600 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Clear Ceiling Height | 18 FT |
| No. Dock-High Doors/Loading | 9 |
| No. Drive In / Grade-Level Doors | 2 |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
zoning
| Zoning Code | Medium Industrial (Wide range of medium & heavy-duty industrial options) |
| Medium Industrial (Wide range of medium & heavy-duty industrial options) |
-
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