Courtesy Of Derek C Claffey Of NAI Commercial Real Estate Inc
About 11402 89 Avenue
The Subject Property represents a stable, income-producing asset operating on carefree NNN leases secured by various tenants. It is comprised of 2 separately titled parcels totaling 3.95 acres with 22,651.50 square feet of leasable building area. Located off a busy Highway 15, this property has easy access to all major transportation routes that service Western Canada as well as global markets. • Located along high traffic Veterans Way (Hwy 15) with great visibility and easy access within Fort Saskatchewan industrial area • Strong Tenants on net leases with current income of $397,600 (7.36% Cap Rate) • 94.7% occupied with an additional 1,200 Sq.Ft. office/storage garage remaining. Could be utilized by new owner or potential to lease out for additional income • Fully fenced and partially paved yard • Recent upgrades to exterior façade and interior tenant improvements
Features of 11402 89 Avenue
| MLS® # | E4358405 |
|---|---|
| Price | $5,400,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1976 |
| Type | Industrial |
| Status | Active |
Community Information
| Address | 11402 89 Avenue |
|---|---|
| Area | Fort Saskatchewan |
| Subdivision | Light Industrial Park |
| City | Fort Saskatchewan |
| County | ALBERTA |
| Province | AB |
| Postal Code | T8L 2P1 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Exterior | Mixed |
|---|---|
| Construction | Mixed |
Additional Information
| Date Listed | September 14th, 2023 |
|---|---|
| Days on Market | 469 |
| Zoning | Zone 62 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Office | Courtesy Of Derek C Claffey Of NAI Commercial Real Estate Inc |
|---|