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Industrial Property For Sale at 3104 39 Street in Camrose, Alberta

New
4 Sale ID #227497
Updated 02 May 2024

Asking Price

$6,950,000

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.

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Lot Size

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Building Size

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Premise Summary

63.26 ACRES IN CITY OF CAMROSE ZONED GENERAL INDUSTRIAL! AN EXCEPTIONAL PROPERTY FOR INDUSTRIAL DEVELOPMENT. Highway Frontage, Spur-line Opportunity, Awesome 11,664sq.ft. Building. Plus 48 Acres have the City offsite levies prepaid which would have an approximate VALUE OF $3.4 million today in future or potential development. This impeccable property is a must see. Featuring an excellent office area with five offices, reception area, 2 washrooms and an IT/storage room. Walk through the office area and enter into a truly impeccable shop with 18ft x 18ft overhead doors, lube/mechanic pit, washroom with shower and full drive through wash bay. The shop is 80ft x 94ft and the wash bay is 80ft x 26ft. The yard has been very well maintained and packed with over $500,000 in yard work completed. There are energized stalls for trucks/equipment and an additional 48ft x 39ft cold storage building. There is three phase power, and property is currently self-serviced for water and sewer. Lots of room for expansion here! Pride of ownership is on full display here and properties of this quality don’t come on the market too often. Need an awesome shop with excellent offices, lots of room to expand and future potential! This is an exceptional opportunity! (id:39198)

  • MLS® : #A2122819
  • Date Listed : 17 Apr 2024

Location

Province

Alberta

City

Camrose

Address

3104 39 Street

Postal Code

T4V1X6

Location Highlights

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Listed by

Central Agencies Realty Inc. 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

11,664

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

N/A

Financial Information

Yearly Rate

$6,950,000

Asking Price

$6,950,000

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.

N/A

Premises Size (square feet)

11,664

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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