11402 89 Av, Fort Saskatchewan, Alberta T8L 2P1

MLS® # E4358405

$5,400,000

Property Size 22651
Year Built 1976

Description

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 (id:53676)

PROPERTY FEATURES

  • MLS® Number E4358405
  • Price $5,400,000
  • Square Footage: 22651 sqft
  • Neighbourhood: Light Industrial Park

Buildings

Constructed Date 1976 Size Interior 22651 Sqft

Land

Acreage No

BROKERAGE

  • Office: Nai Commercial Real Estate Inc

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