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$2,990,000
Est. payment /mo
2.5 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2283669
Year Built 2024
Annual Tax Amount $13,178
Tax Year 2025
Lot Size 2.500 Acres
Acres 2.5
Property Sub-Type Industrial
Source Central Alberta
Property Description
Exceptional opportunity to acquire a newly constructed industrial investment property in the growing commercial hub of Netook Crossing, strategically located along the Highway 2 corridor near Olds, Alberta. Offering excellent accessibility between Calgary and Red Deer, this location continues to attract a diverse mix of industrial, service, and commercial users.
Constructed with durable steel and concrete materials for long-term performance and low maintenance, the property features a 16,200 sq. ft. industrial building comprised of nine 1,800 sq. ft. bays. Each bay is equipped with a 16' x 16' overhead door and access to a fully fenced and secured yard area, providing flexibility for a wide range of industrial and commercial operations.
The property is currently fully leased under Triple Net lease agreements with an average base rental rate of $19.66 per square foot, generating strong and stable income. At the current asking price, the investment offers an attractive 10.99% capitalization rate, further enhanced by Mountain View County's business-friendly environment and comparatively low property taxes.
A unique feature of this offering is the upcoming availability of six contiguous bays, totaling approximately 10,800 sq. ft., becoming available in September. This creates a rare opportunity for an owner-operator to occupy a significant portion of the building while maintaining income from the remaining leased bays. Alternatively, investors may reposition and lease the available space at market rates to further enhance future returns.
Whether you are seeking immediate cash flow, long-term appreciation, or a combination of investment income and owner-user occupancy, this property offers exceptional flexibility and strong upside potential in one of Central Alberta's emerging industrial growth corridors.
Constructed with durable steel and concrete materials for long-term performance and low maintenance, the property features a 16,200 sq. ft. industrial building comprised of nine 1,800 sq. ft. bays. Each bay is equipped with a 16' x 16' overhead door and access to a fully fenced and secured yard area, providing flexibility for a wide range of industrial and commercial operations.
The property is currently fully leased under Triple Net lease agreements with an average base rental rate of $19.66 per square foot, generating strong and stable income. At the current asking price, the investment offers an attractive 10.99% capitalization rate, further enhanced by Mountain View County's business-friendly environment and comparatively low property taxes.
A unique feature of this offering is the upcoming availability of six contiguous bays, totaling approximately 10,800 sq. ft., becoming available in September. This creates a rare opportunity for an owner-operator to occupy a significant portion of the building while maintaining income from the remaining leased bays. Alternatively, investors may reposition and lease the available space at market rates to further enhance future returns.
Whether you are seeking immediate cash flow, long-term appreciation, or a combination of investment income and owner-user occupancy, this property offers exceptional flexibility and strong upside potential in one of Central Alberta's emerging industrial growth corridors.
Location
Province AB
County Mountain View County
Zoning I-BP
Interior
Heating Exhaust Fan, Natural Gas, Radiant
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Water Paid For
Roof Type Metal
Building
Lot Description Level, Yard Lights
Foundation Slab
Sewer Engineered Septic
Water Cistern, Private
Structure Type Aluminum Siding ,Metal Frame
Others
Restrictions None Known
Tax ID 102178893
Ownership Private
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Listed by Century 21 Maximum
NEARBY SCHOOL & BUSINESS
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