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For Lease · Industrial

2 & 3, 6503 67 Street, Red Deer

2 & 3, 6503 67 Street, Red Deer, AB T4P1A3

$9 Yearly

1,890 SF

Asset Class

Industrial

Size

1,890 SF

Building class

Zoning

IM — Medium Industrial

$ / SF

Occupancy

97%

Year Built

1977

Clear height

29 ft

Loading docks

About this property

Position your business in this well-located 2,690 sq. ft. industrial space, available for sublease just off 67 Street in Red Deer. The practical layout combines shop, office and storage areas, making it well suited to a growing business, service operation or remote support location. Two drive-in bays with 14-foot overhead doors provide convenient access for vehicles and equipment, while the office space, two washrooms, storage area and included air compressor support efficient day-to-day operations. The sublease also includes designated parking and a secure yard, with an additional secured storage compound potentially available at an additional cost. I-1 Industrial zoning accommodates a variety of potential business applications. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$9

Down payment30% · $3

Interest rate6.25%

Amortization25 years

Occupancy97%

Expense growth2.5%

Monthly debt service

Projected NOI

Annual cash flow

Cash-on-cash

17.46%

DSCR

1.95

Going-in cap

10.78%

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)

Tenant	Suite	Area	Rent / SF	Expiry
Northbridge Logistics	310	1,255 SF	$16.25	2031-08
Northbridge Logistics	310	400 SF	$16.13	2031-08
Northbridge Logistics	310	400 SF	$16.49	2031-08
Northbridge Logistics	310	400 SF	$16.37	2031-08

Area demographics

Trade area within 3 miles of the property.

Population

58,786

Households

26,782

Median income

$134,500

Median age

38.1

Daytime population

84,204

5-yr growth

2.5%

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

Secure deal room

Confidential diligence documents for 2 & 3, 6503 67 Street, Red Deer.

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.