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For Lease · Industrial

3, 1041 Hwy 54 Highway, Rural Red Deer County

3, 1041 Hwy 54 Highway, Rural Red Deer County, AB T4E1S4

$719,000 per sq ft / yr

20,700 SF

Asset Class

Industrial

Size

20,700 SF

Building class

A

Zoning

IB — Industrial Business

$ / SF

$35

Occupancy

96%

Year Built

1978

Clear height

25 ft

Loading docks

12

About this property

Amazing setup. Front offices and modern upgraded one bedroom suite. Over 16,000 sqft of shop/warehouse/clubhouse style open area with several barn door accessed rooms. Approximately 4700 sqft cold storage airplane hangar int the rear. Overhead doors, large kitchen/wet bar at the front of the open area. There is a partial airplane hanging over the bar with working lights. This place has to bee seen to appreciate it's vibe. Would suit storage, private club, or bring your idea. The airport itself has been upgrading the runway with new blacktop after about 40 years of use. Recent upgrades to the building include the suite add-on (permitted), granite counter tops, tile, hardwood floors, appliances and interior heating. 2 bathroom upgrades, staff room, cupboards, flooring etc. Main heated hangar area had the drywall cleaned up and new hot water tank. All upgrades were done 7 years ago. 22 years remaining on County of Red Deer 25 year land lease. Property is also listed for lease MLS A2253820 (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$719K
Down payment30% · $216K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$40K

Annual cash flow

$371

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

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
Summit Trades Supply19,893 SF2030-11

Area demographics

Trade area within 3 miles of the property.

Population

142,687

Households

63,997

Median income

$103,000

Median age

32.1

Daytime population

231,817

5-yr growth

8.2%

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

Secure deal room

Confidential diligence documents for 3, 1041 Hwy 54 Highway, Rural Red Deer 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.