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4806 Av 51 7,985 sq ft 100% Let Office Property Red Deer, AB T4N 4H3 £732,687 (£91.76/sq ft) 7.18% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Downtown Investment – Turnkey office building in Red Deer’s vibrant core, fully leased with NNN agreements.
- Upgraded & Efficient – Recent HVAC and LED lighting upgrades enhance energy efficiency and reduce operating costs.
- High Visibility – Located on Hwy 2A with excellent exposure and accessibility.
EXECUTIVE SUMMARY
Opportunity to acquire a turnkey investment in the heart of Red Deer’s vibrant downtown core
Well maintained office building is located on Hwy 2A, offering excellent visibility and accessibility
100% leased with true NNN leases, ensuring that tenants cover all operating costs
Largest tenant has been in place for over 20 years, adding stability to this exceptional asset
Recent upgrades include 4 new HVAC systems and new LED lighting with electrical work , completed in 2022, reducing operating expenses and enhancing energy efficiency
Well maintained office building is located on Hwy 2A, offering excellent visibility and accessibility
100% leased with true NNN leases, ensuring that tenants cover all operating costs
Largest tenant has been in place for over 20 years, adding stability to this exceptional asset
Recent upgrades include 4 new HVAC systems and new LED lighting with electrical work , completed in 2022, reducing operating expenses and enhancing energy efficiency
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Size
7,985 sq ft
Costar Property Class
B
Year Built
1980
Price
£732,687
Price per sq ft
£91.76
Yield
7.18%
NOI
£52,607
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
3,993 sq ft
Plot ratio
1.41
Total Plot Size
0.13 ac
Use Class
C1 - Commercial
Parking
4 Spaces (0.5 Spaces per 1,000 sq ft Leased)
1 1
Walk Score®
Excellent pedestrian access (90)
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4806 Av 51
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