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For Lease · Industrial

4731 78A STREET Close, Red Deer

4731 78A STREET Close, Red Deer, AB T4P2G9

$14 Yearly

21,945 SF

Asset Class

Industrial

Size

21,945 SF

Building class

B

Zoning

IL — Light Industrial

$ / SF

$0

Occupancy

85%

Year Built

2021

Lot Size

0.8 ac

Clear height

29 ft

Loading docks

3

About this property

FOR LEASE: 21,945 SF FT Standalone Building featuring just under 4,000 sq ft of office space and 18,000 sq ft of production/shop area/loading dock space. This INDUSTRIAL SHOP UNDERWENT A FULL RENO OF OVER $1.3 MILLION IN 2021. Nothing left to do on this 0.81 ACRE LOT, PAVED/FENCED YARD, WITH ALMOST EVERYTHING UPDATED, LIKE FORCED AIR MAKE-UP (2021), UPGRADED 6" WATERMAIN LINE, FULLY SPRINKLERED (2021), AND NEW CENTRAL FORCED AIR FURNACES/AC FOR THE 8+ OFFICES, STAFFROOM, BOARDROOM & SERVER/PRINTER ROOMS. UPGRADED HEAVY 3-phase 800 AMP POWER (2021), A SUBSTANTIAL RENO AND NEW ADDITION TO THE FORMER 1978-BUILT SHOP OF 10.822 SQ FT, WHICH ADDED JUST OVER 7,800 SQ FT EAGLE-BUILT Concrete-walled shipping/receiving dock w/ grade loading & loading dock and second floor office space. Shop sumps with oil separation all tied into the city drains. Overhead doors are 12'x14' high (3) with the option to easily add 3 more (previously wired and ready-to-install). A 6" flat concrete floor with epoxy coating is ideally set up for WELDING/FABRICATING/SHIPPING & RECEIVING businesses. RFID card access, central alarm system, HVAC serviced twice a year, and FIRE/Sprinkler system re-certification annually. Establish your company's headquarters, and/or expand your existing industrial operations with a first-class combination of office and warehouse space on an established industrial key-hole crescent location in Red Deer, AB. Versatile I-1 zoning to boot. I-1 zoning accommodates a broad range of industrial and commercial activities. Permitted use categories include General Contractor Services, Industrial Operations, Business Support Services, Warehousing, Transportation Services, Oilfield Support Services, Outdoor Storage, Supporting Sales, and more. Manufacturing, assembly, fabrication, shipping and receiving, wholesale distribution, equipment servicing, oilfield support, and other light industrial businesses may also find the layout well suited to their needs. This parcel provides valuab le outdoor space for vehicle parking, equipment staging, material handling, and storage. ($14.00/PSF lease asking price of $25,602.50/month plus NNN charges (taxes, insurance, etc.) of $3.35/PSF or $6,126.31/month plus GST. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$14
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

1.77%

DSCR

1.10

Going-in cap

6.07%

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
Halcyon Wealth Partners18,719 SF2032-02

Area demographics

Trade area within 3 miles of the property.

Population

95,223

Households

42,008

Median income

$75,000

Median age

42.9

Daytime population

82,268

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 4731 78A STREET Close, 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.