This commercial real estate property is an excellent investment opportunity in Edmonton’s southeast industrial park. With a prime location fronting 76th Avenue access, it covers 22 acres and is made up of two parcels on one title and also allows for further potential future subdivisions.
The property's zoning is medium industrial use, and it benefits from excellent proximity and access to major roads such as the Sherwood Park Freeway, Whitemud Drive, and Anthony Henday. These features make it an ideal location for businesses looking to transport their goods and services to other parts of the city. The site is securely fenced and gated, providing an added layer of security to the property. The property has no environmental problems or concerns, which is an advantage for potential buyers looking for a low-risk investment opportunity.
The property includes four existing buildings with mixed use, totaling 70,700 sq.ft. +/- and multiple yard areas, making it a valuable asset in south east Edmonton. Additionally, the property is fully rented with multiple long term tenants, generating a steady stream of income for the new owner. The total monthly rent generated by the property is $123,241.91( As of April 2023) with the tenant responsible for heat and power. The abundance of land area also presents the option to erect additional buildings which would simply increase rental income and appreciate the land value.
This property represents an excellent opportunity for investors who are looking for a stable income stream and a valuable asset in the southeast industrial park of Edmonton. With its location, zoning, and current tenants, this property has the potential for long-term growth and profitability.