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1-14-4845 79 Street, Red Deer, AB, T4P 2T4

MLS® # A2346956
Commercial For Sale In Northlands Industrial Park, Red Deer, Alberta
$3,500,000

None Beds

1-14-4845 79 Street, Red Deer, AB
1-14-4845 79 Street, Red Deer, AB
1-14-4845 79 Street, Red Deer, AB
1-14-4845 79 Street, Red Deer, AB
1-14-4845 79 Street, Red Deer, AB
1-14-4845 79 Street, Red Deer, AB
1-14-4845 79 Street, Red Deer, AB
1-14-4845 79 Street, Red Deer, AB
1-14-4845 79 Street, Red Deer, AB
1-14-4845 79 Street, Red Deer, AB
  • Advertising
1-14-4845 79 Street, Red Deer, AB, T4P 2T4
$3,500,000

Property Information:

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.

Inclusions: N/A

Property Features:

  • Built in: 1980
  • Floor Space (approx): 20480.00 Square Feet
  • Heating: Ceiling, Forced Air, Natural Gas
  • Lot Size: 66076.00 Square Feet
  • Zoning: I-1

Courtesy of: Century 21 Maximum

Data provided by: Central Alberta REALTORS® Association 4922 45 St., Red Deer, Alberta T4N 1K6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

Single family detached

4.2%

Price change (1 year)

39.93%

Price change (5 years)

All Properties

5.11%

Price change (1 year)

38.69%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 1-14-4845 79 Street, Red Deer, AB, T4P 2T4

Demographic Information of 1-14-4845 79 Street, Red Deer, AB, T4P 2T4

Life Stage

Middle-Aged with Teens

Employment Type

Mixed

Average Household Income

$114,988.44

Average Number of Children

1.87

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.94 %

High school certificate or equivalent

36.77 %

Apprenticeship trade certificate/diploma

12.09 %

College/non-university certificate

19.09 %

University certificate (below bachelor)

0.14 %

University Degree

14.96 %

Commuter

Travel To Work

By Car

93.07 %

By Public Transit

2.09 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

4.84 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

14.44 %

Houses

85.56 %

Own Vs. Rent

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