JN REAL ESTATE GROUP

Piper Creek Business Park

FOR SALE

$549,900

PURCHASE PRICE

105, 251 Spruce Street , Rural Red Deer County · T4E 1B4

MIXED USE · BUILT 2015

MLS A2265646 · 263 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

Currently leased until March 14, 2028 to a low impact tenant-6.4% cap rate. (Fenced storage compound does not form part of this lease and could possibly be leased to generate additional income to increase cap rate to over 7.5%, or used for storage for buyer.). Ideal south side location in Piper Creek Industrial park, just south of the Westerner grounds/Centrium. This building was constructed in 2015 and shows near new, with a 2751 sq. ft. footprint (Condo plan measurement) and 3332 total developed space (Interior measurements) including mezzanine with exterior fenced storage compound. This incredible space has both a front drive 14 ft. overhead door and a rear drive 14 ft. overhead door with two separate bays and office space in the centre. The possibilities are endless, as the front could be used as a show room or additional shop space, or could be sub-let to a tenant. Also ideal deal for the hobbyist or business owner that desires some extra space for a man cave. Both the front and back shop/showroom spaces have overhead radiant heat, front bay is 24'x 34', rear bay is 24'x55'. The office mezzanine has force air. The upper mezzanine consists of two offices, a bathroom and a kitchen room. The lower central space below the mezzanine has another large room ideal for show room/reception or office space, plus two additional rooms that could be used for storage or small office and another bathroom. Front bay flooring has been left bare concrete as the new owner may decide they want carpet for a showroom, epoxy, paint, or leave as is, The front parking area is paved as well as the rear access and parking.

DETAILS

TRANSACTION

TRANSACTION
For Sale
LEASE MEASURE
Square Feet

BUILDING

TYPE
Mixed Use
YEAR BUILT
2015
NEW CONSTRUCTION
No
CONSTRUCTION
Other · Wood Frame
ROOF
Flat Torch Membrane
FOUNDATION
Poured Concrete

COMMUNITY

COMMUNITY
Piper Creek Business Park
ZONING
BSI
POSTAL CODE
T4E 1B4

UTILITIES & COSTS

HEATING
Forced Air · Natural Gas · Radiant
UTILITIES
Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected
CONDO FEE
$482
ANNUAL TAXES
$7,720

LISTING COURTESY OF BRAD GRANLUND · RCR - ROYAL CARPET REALTY LTD.

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.