5 Alberta Ave

Spruce Grove

$1,895,000

Industrial

Listing Info

Price: $1,895,000

MLS®: E4387365

Status: Active

Home Style: Industrial

Property Tax: $22,307.04 (2023)

Lot Size: 43,560 SF

Bedrooms: n/a

Bathrooms: n/a

Year Built: 1980

Subject Space SF: 9,280

Property Description

This 9,280 +/- sq.ft. 5 bay Condominium Building is fully rented. Built in 1980 this 116' x 80' building features each bay is approximately 1876 sq ft on the main level each with a Mezanne level of approximately 750 sq ft. This well established building is located in Spruce Grove Industrial Park and is set on a corner lot of 1.00 +/- acres. Each Bay has a large 12' overhead door, separate man doors with full power to operate the businesses. Ample Parking. All leases in place have the tenants covering the utilities.

This property is easily accessible via Highway 16/16A, Highway 627,and Golden Spike Road allowing a quick commute to Acheson, Edmonton, Nisku and Leduc. Zoned M1 General Industrial. NOI 115,386; Cap Rate of 6.1%.

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Shelly Reddy

REALTOR® & Golf Enthusiast

780.919.5842

www.LewisEstatesProperties.com

#203, 14101 West Block Dr, Edmonton, AB T5N 1L5

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Shelly Reddy

REALTOR® & Golf Enthusiast

780.919.5842

www.LewisEstatesProperties.com

203, 14101 West Block Dr, Edmonton, T5N 1L5

Enter Your Contact Info and Message Below. I'd Love to Hear From You!

I agree to terms & conditions provided on this page. By providing my phone number, I agree to receive text messages from Shelly Reddy.

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