5715 35 Street Se, Calgary, Alberta T2C 2H1

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$3,900,000

INVESTOR ALERT! — This recently renovated and upgraded investment property has been leased by a large multinational tenant with an excellent covenant. Their initial lease term expires in 2028 and they have three options to extend for up to another 15 years. The current cap rate is approximately 5% with upside as the net rent increases annually. — Location: Foothills Industrial / Year Built: 1980 / Available: Immediately / Site Size: ~ 1.36 acres / Building Area: ~ 14,248 square feet / Zoning: I-G (Industrial General) / Loading: 3 – 14’ x 14’ drive-in doors, 2 – 10’ x 10’ drive-in doors, 1 – 12’ x 12’ drive-in doors / Ceiling Height: ~ 20’ to 26’ in shop / Power: 400 amps @ 600 volts (TBV) / 2024 Property Taxes: $60,478.56 / 2024 Assessed Value: $2,750,000 / Notes: Expertly built and recently renovated and upgraded, this building features: ~ 11,266 square feet of shop space, ~ 2,982 square feet of office space over two floors, Partly paved and fenced yard space, Make-up air system in shop, Multiple large overhead cranes, Curtained wash bay with pressure washer, Air-conditioned offices on both floors, Numerous nearby amenities, Area serviced by public transit — DISCLOSURE: Tenant has the right of first refusal to purchase the property. (id:55577)

Property Features

  • MLS® Number A2140963
  • Price $3,900,000
  • Square Footage: 14248 sqft
  • Community Name: Foothills
  • Plan 7810281

Buildings

Constructed Date 1980 Size Exterior 14248 Sqft
Size Interior 14248 Sqft Total Finished Area 14248 Sqft

Land

Acreage Yes Size Irregular 1.36
Size Total 1.36 Ac|1 - 1.99 Acres Size Total Text 1.36 Ac|1 - 1.99 Acres
Zoning Description I-g

Agents and Offices

  • Ilya Raykhlin
  • Simon D. Hunt
  • Office: RE/MAX House Of Real Estate

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