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Margaret Hamilton
403.615.4256
Royal LePage Solutions
MLS®: A2182031 - Downtown Red Deer $1,350,000
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. MLS®: A2182031 - Downtown Red Deer $1,350,000
Includes: N/A Property InformationProperty Type: Mixed Use Year Built: 1980 Brokerage: Royal LePage Solutions Listed Date: Please login or create an account Community InformationCity/Town: Red Deer Community: Downtown Red Deer ExteriorInteriorFireplace Details: For Sale RoomsTotal Bedrooms: 0 (Bedrooms Above: 0) Bathrooms: Full: 0 / Half: 0 Above Grade: 0 Legal, Financial & PossessionZoning: C1 Legal Description: Lot/Unit: Lot/Unit:,Plan: H,Block: Tax: 17072.79 Possession: Negotiable Occupancy: Tenant Restrictions: None Known Listing Courtesy of Royal LePage Solutions The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. MLS®: A2182031 - Downtown Red Deer $1,350,000
Listing Courtesy of Royal LePage Solutions The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. |