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Industrial Property For Sale at 10 1045 36 Street N in Lethbridge, Alberta

New
4 Sale ID #227587
Updated 02 May 2024

Asking Price

$1,400,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

Lot Size

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Building Size

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Premise Summary

Take note of this newer, well maintained building that can serve many purposes from one large business as current use, or perhaps several businesses that may share some of the space. This is prime location with great exposure, full signage on own building front and lots of customer parking. Check out this large shop, (25' height) steel frame building with concrete perimeter foundation, concrete slab floor on grade with in flooring radiant heating throughout. The front of the building has a nicely finished front reception including two offices, lunchroom, server room. A stairwell leads to finished 1700 sq ft mezzanine with more office space, boardroom, 2 bathrooms & laundry area. The rear shop is approx. 8224 sq ft ,clear span, wide open, with concrete heated floors and the walls and ceilings are insulated . The building has 800 AMP, 3 phase electrical service. NT boiler provides the in-floor radiant heating with supplement ceiling mounted space heater in rear shop. Rooftop HVAC for mezzanine and main floor office for comfort. There is one full size hot water tank and wired for internet and security system. There is a recessed loading bay at dock-level height on north side of the building.. There are many permitted uses for this General Industrial land use district. This is a bare land condo. The condo fees are $3250.00 per year paid annually, that pays for the common grounds like lawn & snow removal, asphalt repair, some legal and accounting fees, and water, basic garbage. (See Condo Budget Summary in Supplements) The building is For Sale only but the owner would consider selling the business operations and staying on to Manage if it was the right situation. (id:39198)

  • MLS® : #A2121937
  • Date Listed : 16 Apr 2024

Location

Province

Alberta

City

Lethbridge

Address

10 1045 36 Street N

Postal Code

T1H6L5

Location Highlights

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Listed by

RE/MAX REAL ESTATE - LETHBRIDGE Alberta listing

Category

industrial-properties

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

9,699

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

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Financial Information

Yearly Rate

$1,400,000

Asking Price

$1,400,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

N/A

Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

9,699

Other Information

Owner willing to Finance

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Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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