4000 Landry Avenue, Rural Red Deer County, Alberta

TREMENDOUS HWY 2A EXPOSURE. This 21,600 SQ FT building, demised into 7 units , (FULLY TENANTED) Situated on just over 4 ACRES, and a current 7.7% CAP RATE, GENERATING $257,328 in GROSS RENTAL INCOME (or $21,444/month). Bay sizes ranging from 30'x80' or 2,400SQ FT (5-single bays) to 60'x80' or 4,800 SQ FT (2-double bays) all with 12'x16' OHD. Secured compound on the north side of the building. Most offices are renovated, NEW ROOF IN 2019, office spaces w/ shop with offices, baths, and mezzanine open for development for more office space. 80' deep bays with two 12'x16'h doors at the back. Shared yard w/ common access. Newly re-packed, gravelled and graded yard. Total 2023 Operational costs were $75,042.84 Visit REALTORS® website for more details (id:51303)