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A2257847 - 11037/43 92 Avenue , Grande Prairie, Alberta T8V 3J3




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FOR SALE: 100% Occupied, Multi-Tenant Industrial Property on 1.92 Acres
This property offers a great opportunity for investors looking for a stable income-producing asset with upside potential through lease renewals and rent adjustments. The combination of industrial zoning, ample parking, functional layouts, and proximity to major transportation routes makes this an attractive investment in the well-established Richmond Industrial Park.

This multi-tenant property consists of two buildings with a total of 10 units, offering flexible configurations and ideal space for a variety of industrial or commercial uses. The buildings sit on a well-maintained 1.92-acre site, providing excellent access and parking.

PROPERTY FEATURES:
Size: 27,788 sq.ft. (Total) 27,269 sq.ft. Main Floor + 519 sq.ft 2nd floor (#109 )
BUILDING LAYOUT:
11043-92 Ave: Shop/Office
#109: Two-story shop/office with 2nd-floor suite (balance of property is main floor)
#111: Recently renovated, new carpet tile flooring, vinyl cove, freshly painted walls, and updated LED lighting throughout
11037-92 Ave: All Shops
8 Bays - (3 dock height, 5 grade bays)
Bays #101-104: Approx. 95’ deep
Bays #105-108: Approx. 39’ deep
Overhead Doors: 18 total (many with electric lift)
PARKING AND ACCESS:
Paved parking at the front and gravel at the rear
Excellent radius for bay access, providing ease of entry/exit for tenants and visitors
UTILITIES:
Water: Included in Net Costs (Note: Unit #101 has a 3" water line, Tenant pays directly)
Power/Gas: Tenants pay directly. Units #104/105 & #106/107- Common Area Maintenance (CAM) charges applied to these units
NET COSTS: Includes Building Insurance, Property Taxes, Water & Sewer, Management Fees, Exterior Repairs & Maintenance, Yard Sump, Yard Maintenance (lawn & snow), and Bank Fees
LEASE DETAILS:
NNN Leases: Tenants responsible for a proportionate share of operating expenses, including building insurance, property taxes, and other common costs
Tenants pay directly for Janitorial, Interior Repairs & Maintenance, and Garbage Removal
Shared common washroom for Units #104, #106-108 (supplies/cleaning included in their net costs)
INVESTMENT HIGHLIGHTS based on 27,269 sq.ft.:
Projected 2026 NOI: $289,273
CAP Rate: 12 %

Leases in Place for all units: One bays leased through Dec 2025, currently well below the market rate, offering potential upside for the new owner
NOTE: Vacant photos enclosed (#102-111) due to Tenant considerations. Well-maintained building. New front building lower roof membrane replacement April 2025.

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ESSENTIAL
MLS®:A2257847
Price:2,500,000.00
Type:Commercial
Sub Type:Industrial
RestrictionsNone Known
DOM48
INTERIOR SNAPSHOT   
Sq Ft:27,788


COMMUNITY DETAILS
Address:11037/43 92 Avenue , Grande Prairie, Alberta T8V 3J3
City:Grande Prairie
Subdivision:Richmond Industrial Park
County:Grande Prairie
Province:Alberta
Postal Code:T8V 3J3
School: Schools
Housing:Housing Market
Statistics:Real Estate Statistics
EXTERIOR
Year Built:1975
Structure Type:Industrial
Zoning:IG
ROOM DIMENSIONS


Inclusions: N/A



Courtesy: CommVest Realty Ltd.


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Richmond Industrial Park Housing Trends


Real Estate Listings: 3
Highest Price: $415,000.00
Lowest Priced: $2,500.00
Average Price: $212,466.67
Land: 3
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FAQs about 11037/43 92 Avenue , Grande Prairie,
Alberta, T8V 3J3

11037/43 92 Avenue MLS® A2257847 has an approximate size of 0 Sq. Ft. located in Richmond Industrial Park.

Nearby schools include read Schools & resources

There are 0 bedrooms and 0 bathrooms in this Commercial listing at 11037/43 92 Avenue , MLS® A2257847.

This Commercial listings is priced at $2,500,000.

This property is located at 11037/43 92 Avenue , Grande Prairie, Alberta, T8V 3J3 in the Richmond Industrial Park community on the market for 48 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 Richmond Industrial Park community resources page.