1-14, 4845 79 Street, Red Deer, Alberta

About 1-14, 4845 79 Street

Turn-key 14-bay, 11 tenant industrial investment in Red Deer's sought-after Northlands Industrial Park. Built in 1980, this 20,480 SF single-storey Class B building offers 20' clear ceiling height on a 1.52 acre site with excellent access to 49 Avenue, Highway 11A, and the QEII Highway corridor. Fully leased to a diverse roster of established local trades and service tenants — several with 9 to 15+ years of continuous, uninterrupted occupancy — the property generates $233,480 in current annual base rent ($11.40 PSF weighted average), plus a fixed $4.50 PSF additional rent that fully recovers operating costs. Held as a single-owner bare land condominium corporation, this building can be acquired as a stabilized bulk investment or repositioned over time through a unit-by-unit strata sell-off. With Red Deer's industrial vacancy near 4% and minimal new supply given today's construction costs, well-located multi-tenant assets like this one offer a rare combination of in-place income and long-term upside in Alberta's third-largest city. Zoned I-1, Industrial Business Service Zone. (id:6289)

More Info on this Northlands Industrial Park MLS® listing

1-14, 4845 79 Street is a listing for sale in Red Deer. The MLS® number is A2346956. It was built in 1980 and covers 20,480 square feet. It's currently listed for $3,500,000. For more details on MLS® A2346956, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in Northlands Industrial Park is available now!

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