Property Address: 4806 51 Avenue, Red Deer, AB, T4N4H3
Average square foot calculated using Size range provided by listing agent.
Description
This meticulously maintained office building is located right on Hwy 2A, offering excellent visibility and accessibility. The property is 100% leased with true NNN leases, ensuring that tenants cover all operating costs, making this a hassle-free investment. The largest tenant has been in place for over 20 years, adding stability to this exceptional asset. Listed at a 7.18% cap rate and open to offers, this property presents a rare opportunity to acquire a turnkey investment in the heart of Red Deer’s vibrant downtown core. Recent upgrades include 4 brand-new HVAC systems (installed in 2022, Approx. $60, 000) and new LED lighting with electrical work (completed in 2022, Approx. $23, 000). These updates reduce operating expenses and enhance energy efficiency for years to come.Show Description