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4806 Av 51 7,985 SF 100% Leased Office Building Red Deer, AB T4N 4H3 $1,350,000 CAD ($169.07 CAD/SF) 7.18% Cap Rate
Investment Highlights
- Downtown Investment – Turnkey office building in Red Deer’s vibrant core, fully leased with NNN agreements.
- Upgraded & Efficient – Recent HVAC and LED lighting upgrades enhance energy efficiency and reduce operating costs.
- High Visibility – Located on Hwy 2A with excellent exposure and accessibility.
Executive Summary
Opportunity to acquire a turnkey investment in the heart of Red Deer’s vibrant downtown core
Well maintained office building is located on Hwy 2A, offering excellent visibility and accessibility
100% leased with true NNN leases, ensuring that tenants cover all operating costs
Largest tenant has been in place for over 20 years, adding stability to this exceptional asset
Recent upgrades include 4 new HVAC systems and new LED lighting with electrical work , completed in 2022, reducing operating expenses and enhancing energy efficiency
Well maintained office building is located on Hwy 2A, offering excellent visibility and accessibility
100% leased with true NNN leases, ensuring that tenants cover all operating costs
Largest tenant has been in place for over 20 years, adding stability to this exceptional asset
Recent upgrades include 4 new HVAC systems and new LED lighting with electrical work , completed in 2022, reducing operating expenses and enhancing energy efficiency
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
7,985 SF
Building Class
B
Year Built
1980
Price
$1,350,000 CAD
Price Per SF
$169.07 CAD
Cap Rate
7.18%
NOI
$96,930 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,993 SF
Building FAR
1.41
Lot Size
0.13 AC
Zoning
C1 - Commercial
Parking
4 Spaces (0.5 Spaces per 1,000 SF Leased)
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
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4806 Av 51
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