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Courtesy of Derek Claffey of NAI Commercial Real Estate Inc
  • * $5,400,000
  • SQ. Feet22,651
  • Built1976
  • DOW523
$5,400,000

11402 89 Avenue , Light Industrial Park in Fort Saskatchewan

This is an Industrial Listing.

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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
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Listing information last updated on February 18th, 2025 at 8:30am MST.