823 3 Avenue E, Brooks823 3 Avenue E, Brooks — photo 2823 3 Avenue E, Brooks — photo 3823 3 Avenue E, Brooks — photo 4823 3 Avenue E, Brooks — photo 5823 3 Avenue E, Brooks — photo 6
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For Sale · Industrial

823 3 Avenue E, Brooks

823 3 Avenue E, Brooks, AB T1R0G6

$605,000 total

7,500 SF

Asset Class

Industrial

Size

7,500 SF

Building class

B

Zoning

IB — Industrial Business

$ / SF

$81

Occupancy

89%

Year Built

1974

Lot Size

0.47 ac

Clear height

34 ft

Loading docks

7

About this property

Well-maintained multi-bay industrial building in Brooks’ east industrial corridor, zoned I-L (Industrial Light). The building is situated on approximately 0.47 acres and offers 7,500 sq ft of clear-span bay space across four bays — two bays of 1,250 sq ft and two bays of 2,500 sq ft. Six 14’ x 14’ overhead doors provide excellent drive in access and operational flexibility for multi-tenant use. Interior features include unit heaters, 200-amp electrical service with 3-phase power, a two-compartment sump with trench drains, concrete slab flooring, and ceiling heights ranging from 16’7” to 18’5”. All bays are fully leased for immediate cash flow. May be purchased individually or in conjunction with the adjacent 819 3rd Avenue East (MLS A2342176). (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$605K
Down payment30% · $182K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$27K

Annual cash flow

$-7K

Cash-on-cash

-3.82%

DSCR

0.79

Going-in cap

4.40%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Cascade Foods Inc.3,856 SF2031-03
Cascade Foods Inc.1,635 SF2031-03
Cascade Foods Inc.683 SF2031-03
Cascade Foods Inc.507 SF2031-03

Area demographics

Trade area within 3 miles of the property.

Population

116,725

Households

47,686

Median income

$100,500

Median age

45.1

Daytime population

108,025

5-yr growth

3.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 823 3 Avenue E, Brooks.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.