2930 9 Avenue N,
Lethbridge,
T1H 5E4
MLS® A2234186
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FOR SALE $8,900,000.00Price Drop
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FOR SALE $8,900,000.00Price Drop
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FOR SALE $8,900,000.00Price Drop
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FOR SALE $8,900,000.00Price Drop
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FOR SALE $8,900,000.00Price Drop
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FOR SALE $8,900,000.00Price Drop
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FOR SALE $8,900,000.00Price Drop
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FOR SALE $8,900,000.00Price Drop
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Centrally located in the Industrial Park this investment property has excellent access and exposure to North Lethbridge as well as highways AB-3 and AB-4. A 3.3-acre industrial property with multiple entrances along three sides of the property’s corner profile, the site is accessible for large vehicles and accommodates logistical needs. The building itself features open warehouse space with 14’-18’ ceiling heights, overhead heaters, 600-amp electrical service, and new LED lighting throughout. There are six ground level doors, three dock-height loading docks and one declining loading dock. Sections of the yard space are fenced and gated.
This investment property features a single, long-term tenant with a strong covenant. The current net income for the property is $687,225, reflecting a capitalization (cap) rate of 7.47% based on the asking price. This net income includes a 5% administration fee. The internal rate of return (IRR) on the asking price is projected at 12.43%, incorporating a $12,000 annual management fee, a 5% vacancy allowance starting in year three, and a 3% capital expense reserve. The financial projections also assume a rental rate increase from $8.50 to $9.50 per square foot in year three, followed by annual increases of 2% for the remainder of the 10-year forecast period. The projected sale price at the end of year ten is calculated using the forecasted income at that time and a 7.5% cap rate.
DOWNLOAD Feature sheet
ESSENTIAL
| MLS®: | A2234186 |
| Price: | 8,900,000.00 |
| Type: | Commercial |
| Sub Type: | Industrial |
| Lot Size: | 143,748 sq. ft. |
| Restrictions | None Known |
| DOM | 191 |
INTERIOR SNAPSHOT
| Sq Ft: | 77,000 |
COMMUNITY DETAILS
| Address: | 2930 9 Avenue N, Lethbridge, Alberta T1H 5E4 |
| City: | Lethbridge |
| Subdivision: | Shackleford Industrial Park |
| County: | Lethbridge |
| Province: | Alberta |
| Postal Code: | T1H 5E4 |
| School: | Schools |
| Housing: | Housing Market |
| Statistics: | Real Estate Statistics |
EXTERIOR
| Year Built: | 1973 |
| Structure Type: | Industrial |
| Zoning: | I-G |
ROOM DIMENSIONS
Lot Features:
Corner Lot
Big John PetersonRE/MAX Realty Professionals
Cell: 403-244-5646
Office: 403-244-5646
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Similar Shackleford Industrial Park Homes
December 31st 12:20am
Property Overview 2930 9 Avenue N, Lethbridge, Alberta, T1H 5E4
This new listing is a Commercial located at 2930 9 Avenue N, Lethbridge MLS® A2234186 in has 0 bedrooms, 0 bathrooms, approximately 0 Sq. Ft. priced at $8,900,000. View location on Google maps, compare real estate statistics, Open Houses, just listed, crime statistics, golf course homes, local parks more information on community of real estateFAQs 2930 9 Avenue N, Lethbridge, Alberta, T1H 5E4
2930 9 Avenue N MLS® A2234186 has an approximate size of 0 Sq. Ft. located in .
Nearby schools include read Schools & resources
There are 0 bedrooms and 0 bathrooms in this Commercial listing at 2930 9 Avenue N, MLS® A2234186.
This Commercial listings is priced at $8,900,000.
This property is located at 2930 9 Avenue N, Lethbridge, Alberta, T1H 5E4 in the community on the market for 191 days. View location on Google maps.
You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our community resources page.
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We would highly recommend Big John and his team. Selling a property can be highly stressful. They alleviated much of that stress by keeping us informed throughout the whole process. Their professional advice was invaluable. We truly appreciated all of the team and thank them for their service
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Housing Trends
| December 31st 12:20am |
Big John Peterson - RE/MAX Realty Professionals
Big John PetersonRE/MAX Realty Professionals
Cell: 403-244-5646
Office: 403-244-5646
(142 Reviews)
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