For Sale · Industrial

1, 503 HURRICANE Drive, Rural Rocky View County

1, 503 HURRICANE Drive, Rural Rocky View County, AB T3Z3S8

$309,900 total

1,844 SF

Asset Class

Industrial

Size

1,844 SF

Building class

A

Zoning

IM — Medium Industrial

$ / SF

$168

Occupancy

100%

Year Built

2018

Clear height

30 ft

Loading docks

10

About this property

WELCOME to an INCREDIBLE OWNERSHIP OPPORTUNITY in BUILDING I—where AVIATION, VEHICLE STORAGE + SERIOUS TOY SPACE come together!!! This FULLY INSULATED + HEATED 40’ x 40’ END HANGAR offers approximately 1,600 SQ. FT. of versatile space for your PLANE, CLASSIC + EXOTIC CARS, RV, BOAT, MOTORCYCLES, ATVs, SNOWMOBILES, TRAILERS, WORK VEHICLES, COLLECTIBLES + MORE. For aviation enthusiasts, the location is exceptional—this unit is the CLOSEST TO TAXIWAY D for convenient airside access. Whether you need room for 2–3 PLANES or the ultimate private space for an impressive collection, this unit DELIVERS!!!A massive 38’ x 16’ SCHWEISS BIFOLD DOOR provides outstanding access for aircraft, oversized vehicles + equipment, while the expansive 40’ x 40’ footprint gives you incredible flexibility. Park multiple vehicles, store seasonal toys, create a dedicated hobby space or combine AIRCRAFT + VEHICLE STORAGE under one roof. As an END UNIT within this 12-UNIT BUILDING, you also benefit from a highly desirable position.Step inside + discover a space designed to be USED + ENJOYED YEAR-ROUND. The FULLY INSULATED + HEATED interior helps protect valuable aircraft, vehicles + equipment through Alberta’s changing seasons. The OVERSIZED BIFOLD DOOR brings in an abundance of NATURAL LIGHT, complemented by excellent interior lighting for maintenance, detailing, projects + time spent enjoying your collection.The durable EPOXY FLOOR delivers a clean, polished finish ideally suited to planes, cars + equipment. A FLOOR DRAIN adds everyday practicality, while a SUMP PUMP + WATER LINE make maintenance + cleanup even easier. A PRIVATE 2-PC BATHROOM is another valuable convenience when spending extended time at the hangar.Above, the MEZZANINE takes this space well beyond ordinary storage. Create a PRIVATE LOUNGE overlooking your collection, set up an OFFICE or take advantage of additional organized STORAGE—all while preserving valuable floor space below.OWN YOUR HANGAR SPACE through a unique SH ARE OWNERSHIP structure in this SELF-MANAGED 12-UNIT BUILDING!!! Your share provides the USE + OCCUPANCY RIGHTS to this hangar, while the corporation leases the underlying airport land. Unit I-1 is currently allocated an 8.4% SHARE of applicable building expenses, including WATER, POWER, SNOW + GRASS CARE, MAINTENANCE + ADMINISTRATION, w/property tax + insurance also allocated to the unit.Whether your passion is AVIATION, CARS, MOTORSPORTS or RECREATIONAL VEHICLES, this is your opportunity to secure a HEATED + FULLY SERVICED SPACE where your collection can be PROTECTED, MAINTAINED + ENJOYED. 40’ x 40’ END UNIT, 38’ x 16’ SCHWEISS BIFOLD DOOR, MEZZANINE, EPOXY FLOOR, WATER + PRIVATE BATHROOM—THIS is storage taken to another level!!! BOOK NOW!!! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$310K
Down payment30% · $93K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$17K

Annual cash flow

$-463

Cash-on-cash

-0.50%

DSCR

0.97

Going-in cap

5.39%

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
Lakeview Physiotherapy1,840 SF2034-04

Area demographics

Trade area within 3 miles of the property.

Population

85,924

Households

33,454

Median income

$109,500

Median age

34.3

Daytime population

132,940

5-yr growth

7.7%

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

Secure deal room

Confidential diligence documents for 1, 503 HURRICANE Drive, Rural Rocky View County.

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.