6302 34 Ave, Drayton Valley

About this property

Exceptional industrial property in Drayton Valley, AB offering over 55,000 sq ft across three buildings on 7.66 acres with excellent HWY 22 exposure. Suited to manufacturing, fabrication and heavy equipment operations, the main building features a 260′x120′ shop providing over 30,000 sq ft of dedicated shop space. Eight drive-through bays include six with 14′x16′ overhead doors and two have 20′x20′ overhead doors. Four 10-ton cranes and two 20-ton cranes are included. Steel beam clear-span construction, in-floor heating plus radiant heat and floor sumps support efficient shop operations. The administration area is equipped with central A/C and has 11 offices, (2 offices have private washrooms), boardroom and washroom facilities. The staff lunchroom and washroom facilities with showers and lockers and 3 offices are accessible directly from the shop. The second building is 80′x120′ and offers six overhead doors(1-16x18, 4-16x16, 1-10x12), a paint booth with exhaust ventilation, one 10-ton crane, four offices and living quarters upstairs with A/C. A third separate 60′x80′ cold storage building provides two 16′x16′ overhead doors, power and a concrete floor. The yard is fenced except along the west boundary and provides outdoor equipment and vehicle storage. For investors, the property offers a projected cap rate of approximately 6%, based on full occupancy at the advertised lease rate and tenant recovery of all operating expenses, subject to confirmation of lease terms and operating costs. This property is also listed for lease Listing ID# 45935927 (id:66811)