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5715 35 Street SE

Industrial For Sale in Foothills, Calgary E

$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.
Address 5715 35 Street SE
List Price $3,900,000
Property Type Commercial
Type of Dwelling Industrial
Area Calgary E
Sub-Area Foothills
Lot Size 59241 Sq. Ft.
Year Built 1980
MLS® Number A2140963
Listing Brokerage RE/MAX House of Real Estate
Postal Code T2C 2H1
Zoning I-G

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Amber Ramsay

Associate broker/ Realtor®

130-703 64 Avenue SW Calgary Alberta T2H 2C3

Mobile: 403-200-8386

amber.ramsay@gmail.com