For Sale · Industrial

Drayton Valley

Drayton Valley, AB T7A1R9

$1.4M total

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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

About this property

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)

Financial sandbox

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Estimate
Purchase price$1.40M
Down payment30% · $420K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 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.