4845 79 Street,Red Deer, AB T4P2T4
Red Deer, AB T4P2T4
Description
Turn-key 14-bay, 11 tenant industrial investment in Red Deer's sought-after Northlands Industrial Park. Built in 1980, this 20,480 SF single-storey Class B building offers 20' clear ceiling height on a 1.52 acre site with excellent access to 49 Avenue, Highway 11A, and the QEII Highway corridor. Fully leased to a diverse roster of established local trades and service tenants - several with 9 to 15+ years of continuous, uninterrupted occupancy - the property generates $233,480 in current annual base rent ($11.40 PSF weighted average), plus a fixed $4.50 PSF additional rent that fully recovers operating costs. Held as a single-owner bare land condominium corporation, this building can be acquired as a stabilized bulk investment or repositioned over time through a unit-by-unit strata sell-off. With Red Deer's industrial vacancy near 4% and minimal new supply given today's construction costs, well-located multi-tenant assets like this one offer a rare combination of in-place income and long-term upside in Alberta's third-largest city. Zoned I-1, Industrial Business Service Zone. (id:13843)
Details
| MLS # | A2346956 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1980 |
| Days On Site | 33 |
| Listing Provided By | Century 21 Maximum | Darren Saxby |
Features
| SQ Feet | 20,480 |
|---|---|
| Zoning | I-1 |
| Acreage | 1.52 |
Interior
| Heating | Forced air, Natural gas, Other |
|---|---|
| Fireplace Yes / No | No |
Taxes
| Tax Annual Amount | 54112 |
|---|---|
| Tax Block | CDE |
| Tax Lot | 1 |
| Tax Year | 2026 |
Area Information
| Province | AB |
|---|---|
| City | Red Deer |
| Postal Code | T4P2T4 |
| Community Name | Northlands Industrial Park |
| Listing VS Median (in Northlands Industrial Park) | |
Price: $3,500,000 low | high Med: $3,072 sqft: 20,480 low | high Med: 4,608 $ / sqft: $171 low | high Med: $1 On site: 33 low | high Med: 198 | |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Red Deer |
| Postal Code | T4P2T4 |
| Community Name | Northlands Industrial Park |
| Listing VS Median (in Northlands Industrial Park) | |
Price: $3,500,000 low | high Med: $3,072 sqft: 20,480 low | high Med: 4,608 $ / sqft: $171 low | high Med: $1 On site: 33 low | high Med: 198 | |
