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$17,500,000
Est. payment /mo
6.84 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Sherring Industrial Park
MLS® Listing ID A2219855
Originating Board Medicine Hat
Year Built 2023
Annual Tax Amount $182,569
Tax Year 2025
Lot Size 6.840 Acres
Acres 6.84
Property Sub-Type Industrial
Property Description
Presenting an exclusive opportunity for an investor to acquire a rarely available 103,788 sf freestanding industrial warehouse building on 6.84 acres, at the corner of 36 Street and 37 Avenue in the heart of the Sherring Industrial Park. The property's current tenant WG Pro-Manufacturing Inc is a co-pack for one of Lethbridge's major local food processors. As a large-format single-user of the Outpost Warehouse property, WG Pro-Manufacturing Inc. is a growth business. There are six years of the lease term remaining, with rent increases every two years. The Net Operating Income for the Outpost Warehouse is $1,080,000 (2025). There is the value-add opportunity to increase revenue by up to $75,600 per year through the newly packed gravel parking available on the east side of the building. The extra land has been allocated for up to 42 semi trailers at a rate of $150 per month per stall.
Location
Province AB
County Lethbridge
Zoning Direct Control (DC)
Interior
Inclusions None
Others
Restrictions See Remarks
Tax ID 83374892
Ownership See Remarks
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Listed by AVISON YOUNG