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Key Details
Sold Price $2,100,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Cuendet Industrial Park
MLS® Listing ID A2264385
Sold Date 02/20/26
Year Built 2003
Annual Tax Amount $28,778
Tax Year 2025
Lot Size 2.640 Acres
Acres 2.64
Property Sub-Type Industrial
Source Central Alberta
Property Description
Fully leased industrial investment property located in Sylvan Lake's Beju Industrial Park. The 14,400 sq. ft. building sits on 1.50 acres and features a two-level office buildout totaling 8,800 sq. ft., and a 5,600 sq. ft. shop with three drive-in bays including one wash bay. Both tenants occupy under long-term triple net leases with structured rental escalations in place. Renewals are signed with no rollover until 2030. Stabilized NOI in 2026 is $160,748, representing a 7.31% going-in CAP at list price. Site is fully fenced with radiant heat, HVAC, sunshine-panel overhead doors, sump systems, and yard access. Environmental remediation completed (Phase I & II available). Excellent turnkey investment with strong tenant profiles and long-term lease security.
Location
Province AB
County Red Deer County
Zoning I1
Others
Restrictions None Known
Tax ID 101348051
Ownership Private
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