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$ 1,370,000
Est. payment | /mo
11,400 SqFt
$ 1,370,000
Est. payment | /mo
11,400 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 11,400 sqft
Price per Sqft $120
Subdivision East Industrial Park
MLS Listing ID A2355972
Year Built 2021
Property Sub-Type Industrial
Property Description
Located on the east side of Stettler,this impressive industrial property occupies a substantial 2-acre parcel and offers an attractive cap rate of over 10%. Featuring a long-term tenant with an existing lease in place and approximately three years remaining,this property provides an opportunity to acquire an income-producing industrial asset with significant functional versatility. The main building,constructed in 2021,measures approximately 50' x 160' and combines substantial shop space with a professional administrative environment. The shop features six side bays and three rear bays,providing excellent flexibility for equipment,vehicle and operational access. Additional features include a 12' x 32' mezzanine,overhead lighting,floor drains and laundry hookups. A front breezeway leads into a welcoming reception area and office space,complete with two more offices,kitchen,server room,janitorial room and two bathrooms. Light wood-look flooring creates a clean,professional atmosphere for day-to-day business operations. A second shop building,measuring approximately 40' x 85',is situated toward the rear of the property and offers an additional six bays,providing even more operational flexibility and utility. The expansive,level gravel yard is designed to accommodate heavy industrial use,with ample room for truck and equipment parking,outdoor storage and convenient turnaround for large trucks,tankers and industrial machinery. The property is fully fenced and gated,offering added security and controlled access. With its combination of established rental income,substantial land,two versatile shop buildings and professional office accommodations,this property is well suited for investors looking to add a high-yield industrial asset to their portfolio.
Location
State AB
County 0299
Zoning I
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Industrial
Others
Restrictions None Known
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Listed by RE/MAX 1st Choice Realty
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