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1721 10 Av SW 15,360 SF 100% Leased Industrial Building Medicine Hat, AB T1A 7S1 $2,490,000 CAD ($162.11 CAD/SF) 7.87% Cap Rate
INVESTMENT HIGHLIGHTS
- Clear span flex space with Two 10’ x 10’ OHD’s at grade and One 10’ x 10’ loading dock
- Nicely finished reception/showroom with private and shared office spaces
- Low maintenance, steel-clad exterior
EXECUTIVE SUMMARY
Excellent investment opportunity at an effective cap rate of 7.75% with three years remaining on the lease term; 2026 rate escalation. The property is the long-time local branch of Wolseley Plumbing supply who has operated out of this location since 2003. The building’s design offers high ceilings and the clear span flex space (no columns) caters to a variety of users in case of future vacancy.
PROPERTY FACTS
| Price | $2,490,000 CAD | Lot Size | 0.70 AC |
| Price Per SF | $162.11 CAD | Rentable Building Area | 15,360 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.87% | Year Built | 1995 |
| Property Type | Industrial | Parking Ratio | 0.78/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Building Class | C | ||
| Zoning | Business Industrial - Business Industrial District | ||
| Price | $2,490,000 CAD |
| Price Per SF | $162.11 CAD |
| Sale Type | Investment |
| Cap Rate | 7.87% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.70 AC |
| Rentable Building Area | 15,360 SF |
| No. Stories | 1 |
| Year Built | 1995 |
| Parking Ratio | 0.78/1,000 SF |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | Business Industrial - Business Industrial District |
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1721 10 Av SW
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