11402 89 Avenue , Light Industrial Park in Fort Saskatchewan
This is an Industrial Listing.
11402 89 Avenue , Light Industrial Park in Fort Saskatchewan
The Subject Property represents a stable, income-producing asset operating on carefree NNN leases secured by various tenants. It is comprised of 2 separately titled parcels totaling 3.95 acres with 22,651.50 square feet of leasable building area. Located off a busy Highway 15, this property has easy access to all major transportation routes that service Western Canada as well as global markets. • Located along high traffic Veterans Way (Hwy 15) with great visibility and easy access within Fort Saskatchewan industrial area • Strong Tenants on net leases with current income of $397,600 (7.36% Cap Rate) • 94.7% occupied with an additional 1,200 Sq.Ft. office/storage garage remaining. Could be utilized by new owner or potential to lease out for additional income • Fully fenced and partially paved yard • Recent upgrades to exterior façade and interior tenant improvements
$5,400,000 - MLS® #E4358405
11402 89 Avenue , Fort Saskatchewan, AB
Essential Information
- MLS® #E4358405
- Price$5,400,000
- Price per Sqft238
- Price Per SqFt$238
- Square Footage22,651
- Acres0.00
- Year Built1976
- TypeIndustrial
- Days on Website523
Exterior
- ConstructionMixed
Community Information
- Address11402 89 Avenue
- AreaFort Saskatchewan
- SubdivisionLight Industrial Park
- CityFort Saskatchewan
- Postal CodeT8L 2P1
Listing information last updated on February 18th, 2025 at 8:30am MST.