A2234186 - 2930 9 Avenue N, Lethbridge, Alberta T1H 5E4

FOR SALE $8,900,000.00
FOR SALE $8,900,000.00
FOR SALE $8,900,000.00
FOR SALE $8,900,000.00
FOR SALE $8,900,000.00
FOR SALE $8,900,000.00
FOR SALE $8,900,000.00
FOR SALE $8,900,000.00

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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.

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ESSENTIAL

MLS®:	A2234186
Price:	8,900,000.00
Type:	Commercial
Sub Type:	Industrial
Lot Size:	143,748 sq. ft.
Restrictions	None Known
DOM	135

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

Courtesy: AVISON YOUNG

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Cell: 403-244-5646
Office: 403-244-5646
(141 Reviews)
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Overall Rating: 5/5.0

We would highly recommend Big John and his team. Selling a property can be highly stressful. They...

Rick B

Overall Rating: 5/5.0

We had a great experience years ago when Big John was our realtor of choice. Some things have...

Jim and Leslie G.

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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
Rick B

We had a great experience years ago when Big John was our realtor of choice. Some things have changed but, Big John was every bit as professional now as years ago, Thanks to technology, the photos, video and brochures were absolutely great! When we saw our home on the website, we wanted to buy it. The showing process was also excellent. Easy to approve a showing and easy for us to make arrangements. Hopefully, we won't need Big John's services any time soon but, we will definitely recommend him and his team to anyone that should ask. Thank you for making the experience a positive one. Best regards Jim and Leslie G.
Jim and Leslie G.

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November 5th 3:20pm

Cell: 403-244-5646
Office: 403-244-5646

(141 Reviews)

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Overall Rating: 5/5.0

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...

Rick B

Overall Rating: 5/5.0

We had a great experience years ago when Big John was our realtor of choice. Some things have changed but, Big John was every bit as professional...

Jim and Leslie G.

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FAQs about 2930 9 Avenue N, Lethbridge,
Alberta, T1H 5E4

What is the square footage of this Industrial Commercial Property?

2930 9 Avenue N MLS® A2234186 has an approximate size of 0 Sq. Ft. located in .

What are nearby schools to 2930 9 Avenue N, Lethbridge T1H 5E4?

Nearby schools include read Schools & resources

How many bedrooms and bathrooms does this Industrial Commercial property have?

There are 0 bedrooms and 0 bathrooms in this Commercial listing at 2930 9 Avenue N, MLS® A2234186.

What is the price of this property?

This Commercial listings is priced at $8,900,000.

Where is this property located?

This property is located at 2930 9 Avenue N, Lethbridge, Alberta, T1H 5E4 in the community on the market for 135 days. View location on Google maps.

What community resources are available?

You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our community resources page.