This meticulously maintained office building is located right on Hwy 2A, offering excellent visibility and accessibility. The property is 100% leased with true NNN leases, ensuring that tenants cover all operating costs, making this a hassle-free investment. The largest tenant has been in place for over 20 years, adding stability to this exceptional asset. Listed at a 7.18% cap rate and open to offers, this property presents a rare opportunity to acquire a turnkey investment in the heart of Red Deer’s vibrant downtown core. Recent upgrades include 4 brand-new HVAC systems (installed in 2022, Approx. $60,000) and new LED lighting with electrical work (completed in 2022, Approx. $23,000). These updates reduce operating expenses and enhance energy efficiency for years to come. (id:47423)
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Detailed Information
Listing Contract Date
2024-12-03
Municipal ID
T733254765
Plan
H
Property Type
Other
Transaction Type
For sale
Zoning Description
C1
Building
Constructed Date
1980
Size (Exterior)
8675 square feet
Total Finished Area
8675 sqft
Type
Commercial Mix
Land
Total Size
Unknown
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