This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

4806 Av 51

7,985 SF 100% Leased Office Building Red Deer, AB T4N 4H3 £747,408 (£94/SF) 7.18% Net Initial Yield

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

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
7,985 SF
Building Class
B
Year Built
1980
Price
£747,408
Price Per SF
£94
Net Initial Yield
7.18%
NOI
£53,664
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
3,993 SF
Building FAR
1.41
Lot Size
0.13 AC
Zoning
C1
Parking
4 Spaces (0.5 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 34145868

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 4806 Av 51, Red Deer, AB T4N 4H3

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}