CAABGrande PrairieRichmond Industrial Park11037/43 92 Avenue

11037/43 92 Avenue, Home with 0 bedrooms, 0 bathrooms and null parking in Grande Prairie AB | Image 1

$2,500,000

11037/43 92 Avenue, Grande Prairie, AB

Name: 11037/43 92 Avenue, For Sale in Grande Prairie - eXp Realty
Brand: commvest realty ltd.
SKU: A2257847
Price: 2500000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Industrial

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes

Days Active 1

Approx. Age 1975

MLS® Number A2257847

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

FOR SALE: 100% Occupied, Multi-Tenant Industrial Property on 1.92 Acres This property offers a great opportunity for investors looking for a stable income-producing asset with upside potential through lease renewals and rent adjustments. The combination of industrial zoning, ample parking, functional layouts, and proximity to major transportation routes makes this an attractive investment in the well-established Richmond Industrial Park. This multi-tenant property consists of two buildings with a total of 10 units, offering flexible configurations and ideal space for a variety of industrial or commercial uses. The buildings sit on a well-maintained 1.92-acre site, providing excellent access and parking. PROPERTY FEATURES: Size: 27, 788 sq.Ft. (Total) 27, 269 sq.Ft. Main Floor + 519 sq.Ft 2nd floor (#109 ) BUILDING LAYOUT: 11043-92 Ave: Shop/Office #109: Two-story shop/office with 2nd-floor suite (balance of property is main floor) #111: Recently renovated, new carpet tile flooring, vinyl cove, freshly painted walls, and updated LED lighting throughout 11037-92 Ave: All Shops 8 Bays - (3 dock height, 5 grade bays) Bays #101-104: Approx. 95’ deep Bays #105-108: Approx. 39’ deep Overhead Doors: 18 total (many with electric lift) PARKING AND ACCESS: Paved parking at the front and gravel at the rear Excellent radius for bay access, providing ease of entry/exit for tenants and visitors UTILITIES: Water: Included in Net Costs (Note: Unit #101 has a 3" water line, Tenant pays directly) Power/Gas: Tenants pay directly. Units #104/105 & #106/107- Common Area Maintenance (CAM) charges applied to these units NET COSTS: Includes Building Insurance, Property Taxes, Water & Sewer, Management Fees, Exterior Repairs & Maintenance, Yard Sump, Yard Maintenance (lawn & snow), and Bank Fees LEASE DETAILS: NNN Leases: Tenants responsible for a proportionate share of operating expenses, including building insurance, property taxes, and other common costs Tenants pay directly for Janitorial, Interior Repairs & Maintenance, and Garbage Removal Shared common washroom for Units #104, #106-108 (supplies/cleaning included in their net costs) INVESTMENT HIGHLIGHTS based on 27, 269 sq.Ft.: Projected 2025 NOI: $273, 811 CAP Rate: 11 % Leases in Place for all units: Two bays leased through Dec 2025, currently well below the market rate, offering potential upside for the new owner NOTE: #103 is vacant - Lease in place to Dec 2025. Vacant photos enclosed (#102-111) due to Tenant considerations. Well maintained building. New front building lower roof membrane replacement April 2025.Show Description

MLS® NumberA2257847

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1975

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

N/A

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