Highway 2 North Industrial Property, Buckland Rm No. 491Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 2Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 3Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 4Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 5Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 6Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 7Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 8Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 9Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 10Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 11Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 12Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 13Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 14Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 15Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 16Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 17Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 18Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 19Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 20Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 21Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 22Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 23Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 24Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 25Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 26Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 27Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 28Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 29Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 30Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 31Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 32Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 33Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 34Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 35Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 36Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 37Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 38Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 39Highway 2 North Industrial Property, Buckland Rm No. 491 — photo 40
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For Sale · Specialty

Highway 2 North Industrial Property, Buckland Rm No. 491

Highway 2 North Industrial Property, Buckland Rm No. 491, SK S6V5R3

$647,500 total

11,006 SF

Asset Class

Specialty

Size

11,006 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

$59

Occupancy

94%

Year Built

1954

Lot Size

1.37 ac

About this property

Great opportunity to own an industrial property situated along Highway 2 North, just 5 minutes from Prince Albert! The versatile layout is well suited for a new business or an existing operation looking to expand. Originally built in 1954, the building has seen multiple additions over the years, including additions in 1977, 1990 and 2010. The building includes a reception area, offices and shop space. The main shop features a 14 ft ceiling, while the addition offers ceiling heights of 16 ft and 17 ft. There are three heating zones serving the building including one floor model gas furnace and two shop zones with radiant heat. Access throughout the building is provided by four man doors and seven overhead doors, five of which are powered with remotes. The varying overhead door sizes allow for flexibility across a range of business operations. The property is partially fenced providing an area for equipment, vehicles or storage. This property is pending completion of subdivision. For those interested in purchasing the entire parcel please refer to MLS: SK049510 for additional details. Act now. Don’t miss out! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$648K
Down payment30% · $194K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$45K

Annual cash flow

$9K

Cash-on-cash

4.63%

DSCR

1.25

Going-in cap

6.93%

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
Prairie Coffee Roasters4,650 SF2030-10
Prairie Coffee Roasters2,558 SF2030-10
Prairie Coffee Roasters1,403 SF2030-10
Prairie Coffee Roasters1,680 SF2030-10

Area demographics

Trade area within 3 miles of the property.

Population

104,971

Households

41,620

Median income

$85,500

Median age

44.1

Daytime population

136,351

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for Highway 2 North Industrial Property, Buckland Rm No. 491.

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.