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2930 9th Ave N 77,000 SF Industrial Building Lethbridge, AB T1H 6E8 $8,900,000 CAD ($115.58 CAD/SF) 7.35% Cap Rate
Investment Highlights
- INDUSTRIAL FREESTANDING BUILDING - 77,000 SF on 3.30 Acres
- Investment Opportunity
Executive Summary
This 77,000 SF industrial building situated on 3.3 acres is an investment sale opportunity located in the Lethbridge Industrial area. The property is currently occupied by BASF Agriculture Solutions Canada Inc., providing current net rental income of approximately $654,500 CAD per annum and a 7.40% cap rate.
The building is situated on a corner lot with multiple access points, allowing efficient circulation and access for 53-foot trailer trucks. Property features include four drive-in doors, four dock loading doors, heavy power service at 600 amps (TBV), clear ceiling heights ranging from 14 ft. to 18 ft., LED lighting, and a sprinkler system. The property offers excellent exposure and access along 9 Avenue NE, with convenient connectivity to Highway 3 and Highway 4.
The building is situated on a corner lot with multiple access points, allowing efficient circulation and access for 53-foot trailer trucks. Property features include four drive-in doors, four dock loading doors, heavy power service at 600 amps (TBV), clear ceiling heights ranging from 14 ft. to 18 ft., LED lighting, and a sprinkler system. The property offers excellent exposure and access along 9 Avenue NE, with convenient connectivity to Highway 3 and Highway 4.
Property Facts
| Price | $8,900,000 CAD | Lot Size | 3.30 AC |
| Price Per SF | $115.58 CAD | Rentable Building Area | 77,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.35% | Year Built | 1973 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 4 |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Zoning | I-G - Industrial General | ||
| Price | $8,900,000 CAD |
| Price Per SF | $115.58 CAD |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 3.30 AC |
| Rentable Building Area | 77,000 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | I-G - Industrial General |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
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2930 9th Ave N
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