* Amounts are estimates only. Final payment amounts may vary.
Description
New Industrial Building | Fully Leased | Netook Crossing – Mountain View County, AB
Newly 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. C
This is an investment that offers strong ROI and long-term income potential in a strategic location with continued commercial growth.
Property details
Basic Info
MLS® #
A2222559
Property Type:
Commercial
Subtype:
Industrial
Subdivision:
NONE
Price
$3,950,000
Sale/Lease:
For Sale
Size:
16,200 sq.ft.
Year Built:
2024 (1 years old)
Building Info
Structure Type:
Industrial
Garage:
No
Fence:
Basement:
No
Inclusions:
N/A
Acreage/Farm Info
Nearest Town:
Olds
Lot / Land Info
Lot Size:
2.50 acres
Lot Features:
Level, Yard Lights
Legal Land Desc:
32-35-1-W5
Water:
Cistern, Private
Sewer:
Engineered Septic
Utilities:
Electricity Connected, Natural Gas Connected, Water Paid For
Zoning:
I-BP
Materials & Systems
Roof:
Metal
Exterior:
Aluminum Siding ,Metal Frame
Foundation:
Slab
Heating:
Exhaust Fan, Natural Gas, Radiant
Listing Info
Possession:
Immediate
Days on Market:
5
Your Real Estate Team
Century 21 Grande Prairie Realty
Century 21 Grande Prairie Realty (780) 539-2121
1-888-831-2121
(780) 539-2144