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$ 2,950,000
Est. payment | /mo
20,510 SqFt
$ 2,950,000
Est. payment | /mo
20,510 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 20,510 sqft
Price per Sqft $143
MLS Listing ID A2274093
Year Built 1998
Lot Size 2.470 Acres
Acres 2.47
Property Sub-Type Industrial
Property Description
Fully leased 20,510 sq. ft. multi-tenant industrial investment property on 4.94 acres across two titled parcels in Blackfalds. This asset offers stable NNN income with a cap rate of 7.4%. The property includes two functional industrial buildings, featuring large overhead doors, radiant heat, upgraded lighting, office areas, mezzanines, and flexible shop layouts. The site provides a fully fenced, compacted gravel yard with strong circulation for heavy equipment and an additional 2.47-acre surplus yard (Lot 4). The property is 100% tenanted under true NNN lease structures, supported by annual rent escalations and a weighted average remaining lease term of ~3.8 years, offering predictable, low-maintenance cash flow. Current tenant mix represents established regional industries, creating a diversified and reliable income profile. Located just off Highway 597 with quick access to QEII, this is an attractive long-term industrial investment in Central Alberta's growing industrial corridor.
Location
Province AB
Zoning 5
Interior
Heating Forced Air, Natural Gas, Radiant
Fireplace No
Exterior
Roof Type Metal
Garage No
Building
Dwelling Type Industrial
Foundation Slab
Others
Restrictions None Known
Listed by eXp Realty
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REVIEWS
Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.
