New Industrial Building | Fully Leased | Netook Crossing – Mountain View County, ABNewly constructed 9-bay industrial building located in the growing commercial area of Netook Crossing, just off the Hwy 2 corridor near the Town of Olds. This high-visibility property offers excellent access to both Calgary and Red Deer, each approximately 35 minutes away.Built with steel and concrete construction, the property is designed for long-term durability and minimal maintenance. The 16,200 sq. ft. building features nine 1,800 sq. ft. bays, each with a 16’ x 16’ overhead door and access to a fully fenced yard. The bays are currently leased is a 5 bay +1 and 3, grouping, allowing for future tenant flexibility through demising or expansion.All tenancies are secured under Triple Net leases, generating an average base rent of $19.66 per sq. ft. With a Cap rate of 8.06% Located in business-friendly Mountain View County, the site also benefits from extremely low property taxes. CThis is an investment that offers strong ROI and long-term income potential in a strategic location with continued commercial growth. (id:51989)
Features of 32580 Range Road 11
- MLS® Number A2222559
- Price $3,950,000
- Square Footage: 16200 sqft
- Features Visual Exposure, Level
- Plan 1511332
- Road Type Paved Road
- Total Buildings 1
Buildings
| Ceiling Height | 288 In | Constructed Date | 2024 |
| Construction Material | Steel Frame | Exterior Finish | Aluminum Siding |
| Foundation Type | Slab | Heating Fuel | Natural Gas |
| Heating Type | Other, Radiant Heat | Size Exterior | 16200 Sqft |
| Size Interior | 16200 Sqft | Total Finished Area | 16200 Sqft |
| Utility Water | Cistern, Private Utility |
Land
| Acreage | Yes | Size Irregular | 2.50 |
| Size Total | 2.5 Ac|2 - 4.99 Acres | Size Total Text | 2.5 Ac|2 - 4.99 Acres |
| Zoning Description | I-bp |
Utilities
| Electricity | Connected | Natural Gas | Connected |
Agents and Offices
- Mike Gait
- Office: Century 21 Maximum