$3,900,000
5715 35 ST SE Calgary, AB T2C 2H1
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$3,900,000
Est. payment /mo
1.36 Acres Lot
Active
5715 35 ST SE Calgary, AB T2C 2H1
UPDATED:
08/28/2024 11:45 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Foothills
MLS® Listing ID A2140963
Originating Board Calgary
Year Built 1980
Annual Tax Amount $60,478
Tax Year 2024
Lot Size 1.360 Acres
Acres 1.36
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.
Location
Province AB
County Calgary
Area Cal Zone E
Zoning I-G
Interior
Inclusions Negotiable
Others
Restrictions Airspace Restriction,Utility Right Of Way
Tax ID 91498144
Ownership Private
Listed by RE/MAX House of Real Estate
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