14248 sqft
Acreage
$3,900,000
INVESTOR ALERT! — This recently renovated and upgraded investment property has been leased by a marquis international 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, at pre-negotiated rent escalations covering all extension terms. The current cap rate is 4.93% 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:40616)
Property Details
MLS® Number
|
A2140963 |
Property Type
|
Industrial |
Community Name
|
Foothills |
Plan
|
7810281 |
Building
Constructed Date
|
1980 |
Size Exterior
|
14248 Sqft |
Size Interior
|
14248 Sqft |
Total Finished Area
|
14248 Sqft |
Land
Acreage
|
Yes |
Size Irregular
|
1.36 |
Size Total
|
1.36 Ac|1 - 1.99 Acres |
Size Total Text
|
1.36 Ac|1 - 1.99 Acres |
Zoning Description
|
I-g |
https://www.realtor.ca/real-estate/27041046/5715-35-street-se-calgary-foothills