For Lease · Industrial

6302 34 Ave, Drayton Valley

6302 34 Ave, Drayton Valley, AB T7A1S1

Price on request

—

Asset Class

Industrial

Size

—

Building class

A

Zoning

IB — Industrial Business

$ / SF

—

Occupancy

90%

Year Built

2008

Lot Size

7.659999999999999 ac

Clear height

20 ft

Loading docks

5

About this property

Exceptional industrial property in Drayton Valley, AB, offering 55,986 sq. ft. across three buildings on 7.66 acres. Available for lease as a complete package, with the possibility of leasing buildings individually, subject to landlord approval and negotiated terms. This extensive facility is ideally suited to manufacturing, fabrication and heavy equipment operations. The main building features a 260′ × 120′ shop with over 30,000 sq. ft. of dedicated shop space. Eight drive-through bays include six with 14′ × 16′ overhead doors and two with 20′ × 20′ overhead doors. Four 10-ton cranes and two 20-ton cranes are included. Steel-beam clear-span construction, in-floor and radiant heating, and floor sumps support efficient operations. The air-conditioned administration area includes 11 offices, (two of the offices have private washrooms), a boardroom and washroom facilities. A staff lunchroom, washrooms with showers and lockers, and three additional offices are accessible directly from the shop. The second building measures 80′ × 120′ and offers six overhead doors: 1- 16′ × 18′, 4- 16′ × 16′ and 1- 10′ × 12′. This building also includes a paint booth with exhaust ventilation, one 10-ton crane, four offices and upstairs living quarters with A/C. The third separate 60′ × 80′ cold storage building provides two 16′ × 16′ overhead doors, power and a concrete floor. The yard is fenced except along the west boundary, providing ample outdoor equipment and vehicle storage. Contact for additional rent details and lease terms. This property is also listed for sale Listing ID# 45927460. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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.

Area demographics

Trade area within 3 miles of the property.

Population

47,697

Households

18,041

Median income

$130,500

Median age

38.2

Daytime population

68,838

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 6302 34 Ave, Drayton Valley.

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.