Turn-key 14-bay, 11 tenant industrial investment in Red Deer's sought-after Northlands Industrial Park. Built in 1980, this 20,480 SF single-storey Class B building offers 20' clear ceiling height on a 1.52 acre site with excellent access to 49 Avenue, Highway 11A, and the QEII Highway corridor. Fully leased to a diverse roster of established local trades and service tenants — several with 9 to 15+ years of continuous, uninterrupted occupancy — the property generates $233,480 in current annual base rent ($11.40 PSF weighted average), plus a fixed $4.50 PSF additional rent that fully recovers operating costs. Held as a single-owner bare land condominium corporation, this building can be acquired as a stabilized bulk investment or repositioned over time through a unit-by-unit strata sell-off. With Red Deer's industrial vacancy near 4% and minimal new supply given today's construction costs, well-located multi-tenant assets like this one offer a rare combination of in-place income and long-term upside in Alberta's third-largest city. Zoned I-1, Industrial Business Service Zone.
Essential information
MLS® number
A2346956
Status
Active
Price
$3,500,000
Property type
Commercial
Type
Industrial
Transaction
For Sale
Restrictions
Call Lister
Building area
20,480 sq ft
Lot size
66,076 sq ft
Year built
1980
Structure
Industrial
Listing brokerage
Century 21 Maximum
Source
Pillar 9™ MLS® System
Interior
Heating
Ceiling, Forced Air, Natural Gas
Exterior and construction
Zoning
I-1
Commercial
Clear ceiling height
20 ft
Community
Subdivision
RRNI
City
Red Deer
Province
AB
Postal code
T4P 2T4
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
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8 photos$2,695,6901177, 1185, 1193, 8800 Venture Avenue SE, Calgary
