11037 92 Av - Service FOR SALE


Grande Prairie, AB T8V 3J3
$2,495,000 CAD
780-539-7131
11037 92 Av, Grande Prairie, AB for Sale
$2,495,000 CAD
Service - FOR SALE
1/29
null | 13.1% Cap Rate

11037 92 Av
Grande Prairie, AB T8V 3J3


OVERVIEW

FOR SALE: 100% Occupied, Multi-Tenant Industrial Property on 1.92 Acres. This property offers a great opportunity for investors looking for a stable income-producing asset with upside potential through lease renewals and rent adjustments. The combination of industrial zoning, ample parking, functional layouts, and proximity to major transportation routes makes this an attractive investment in the well-established Richmond Industrial Park. This multi-tenant property consists of two buildings with a total of 10 units, offering flexible configurations and ideal space for a variety of industrial or commercial uses. The buildings sit on a well-maintained 1.92-acre site, providing excellent access and parking. PROPERTY FEATURES: Size: 27,788 sq.ft. (Total) 27,269 sq.ft. Main Floor + 519 sq.ft. 2nd floor (#109 )BUILDING LAYOUT:11043-92 Ave: Shop/Office#109: Two-story shop/office with 2nd-floor suite (balance of property is main floor)#111: Recently renovated, new carpet tile flooring, vinyl cove, freshly painted walls, and updated LED lighting throughout11037-92 Ave: All Shops 8 Bays - (3 dock height, 5 grade bays)Bays #101-104: Approx. 95’ deep Bays #105-108: Approx. 39’ deep Overhead Doors: 18 total (many with electric lift)PARKING AND ACCESS: Paved parking at the front and gravel at the rear Excellent radius for bay access, providing ease of entry/exit for tenants and visitors UTILITIES: Water: Included in Net Costs (Note: Unit #101 has a 3" water line, Tenant pays directly)Power/Gas: Tenants pay directly. Units #104/105 & #106/107- Common Area Maintenance (CAM) charges applied to these units NET COSTS: Includes Building Insurance, Property Taxes, Water & Sewer, Management Fees, Exterior Repairs & Maintenance, Yard Sump, Yard Maintenance (lawn & snow), and Bank Fees LEASE DETAILS: NNN Leases: Tenants responsible for a proportionate share of operating expenses, including building insurance, property taxes, and other common costs Tenants pay directly for Janitorial, Interior Repairs & Maintenance, and Garbage Removal Shared common washroom for Units #104, #106-108 (supplies/cleaning included in their net costs)INVESTMENT HIGHLIGHTS based on 27,269 sq.ft.:Projected 2026 NOI: $326,850CAP Rate: 13.1%NOTE: Vacant photos enclosed due to Tenant considerations. Well-maintained building. New front building, lower roof membrane replacement April 2025. Silo in rear yard has been removed. New photos coming soon. (31812209)

FOR SALE DETAILS

PRICE

$2,495,000 CAD

PRICE/SF

$90 CAD /SF

CAP RATE

13.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investor's Building 11037/43-92 Ave

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

18

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.92

LAND SF

83,635

ZONING

IG

APN/PARCEL ID

CUSTOM-2862964

ASK ABOUT THIS PROPERTY

Amanda HentgesComm Vest RealtyMore Info
780-539-7131

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Amanda HentgesComm Vest RealtyMore Info
780-539-7131

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.