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$1.4M total
—
Asset Class
Industrial
Size
—
Building class
B
Zoning
IL — Light Industrial
$ / SF
—
Occupancy
97%
Year Built
2012
Lot Size
2.0100000000000002 ac
Clear height
24 ft
Loading docks
8
Purpose-built for Baker Hughes in 2012, this 6,429 sq. ft. industrial facility was built on 2.01 acres in Apex Common and is zoned C-General. The original established tenants remain in place, providing an income producing investment opportunity. The building includes a 1,300 sq. ft. main floor shop, laboratory space, and two levels of air conditioned office, administrative and flex space. There are 2 overhead forced air heaters in the shop and the concrete floor was finished with drainage, 250 gallon precast double compartment sumps & one 14’ x 14’ overhead door. Electrical service includes a 400-amp, three phase main panel and a 200-amp subpanel serving the laboratory area. The lab is equipped with a fume hood and dedicated ventilation system. Both office levels have separate forced air furnaces with Central A/C and there is a dedicated IT room with alarm system. Customer parking at the front, with gated access along the west side leading to a large rear yard that includes a 100 x 38 ft storage and loading dock. Yard is enclosed by a six foot chain link security fence. Construction consists of a concrete slab and grade beam foundation, metal frame superstructure and steel stud interior partitioning. The exterior features metal cladding on both side elevations and the rear, with an acrylic stucco finish on the front elevation. This industrial asset combines established tenancy, specialized infrastructure and secure yard space in a well positioned location. (id:66811)
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Monthly debt service
$6K
Projected NOI
$72K
Annual cash flow
$-6K
Cash-on-cash
-1.42%
DSCR
0.92
Going-in cap
5.12%
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.
Trade area within 3 miles of the property.
Population
143,872
Households
51,682
Median income
$97,500
Median age
31.9
Daytime population
218,659
5-yr growth
6.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for Drayton Valley.
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.