















1/175013 Smith, Fabyan, AB T9W1T3
$410,000 total
4,608 SF
Asset Class
Industrial
Size
4,608 SF
Building class
B
Zoning
IL — Light Industrial
$ / SF
$89
Occupancy
86%
Year Built
1981
Lot Size
1.63 ac
Clear height
18 ft
Loading docks
3
Located just 10 minutes from Wainwright in Fabyan, AB, this 1.63-acre chain-link fenced property is a fully functional and spacious workspace, ideal for various business needs. The property features a 48’x96’ metal frame shop with tin walls inside and out, offering four large overhead doors (two 14'x16' and two 12'x14') that provide easy access for large equipment. The shop is equipped with in-floor heating powered by a new boiler installed in 2024, and one of the overhead doors was also replaced in 2024. Inside the shop, you'll find useful equipment such as a Hotsy power washer, an air compressor with wall-mounted air lines, and a drill press, all ready for immediate use. A floor drain ensures easy maintenance, and there is an exhaust fan already in place, which only requires a new motor to be operational. Adjacent to the main shop, the property also includes a 24’x24’ garage with a cement floor, providing additional storage or workspace. The office space offers a separate entrance leading into a reception area, a parts room, and a convenient 2-piece bathroom. For added functionality, the shop itself has a 3-piece bathroom with a shower. Upstairs, there is an additional office area along with a coffee room, offering a comfortable and private space for work and breaks. This property is a well-equipped, versatile space that is ready to accommodate a variety of business operations. Don’t miss this opportunity—schedule your viewing today! (id:66811)
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Monthly debt service
$2K
Projected NOI
$23K
Annual cash flow
$-73
Cash-on-cash
-0.06%
DSCR
1.00
Going-in cap
5.52%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Blue Harbour Design | 2,084 SF | 2029-03 |
| Blue Harbour Design | 991 SF | 2029-03 |
| Blue Harbour Design | 470 SF | 2029-03 |
| Blue Harbour Design | 418 SF | 2029-03 |
Trade area within 3 miles of the property.
Population
133,736
Households
62,205
Median income
$117,500
Median age
33.1
Daytime population
133,520
5-yr growth
4.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 5013 Smith, Fabyan.
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.