5715 35 Street Se, Calgary, Alberta

$3,900,000

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1.36

Acres

About 5715 35 Street Se

INVESTOR ALERT! — This recently renovated and upgraded investment property has been leased by a marquis international tenant with an excellent covenant. Their initial lease term expires in 2028 and they have three options to extend for up to another 15 years, at pre-negotiated rent escalations covering all extension terms. The current cap rate is 4.93% with upside as the net rent increases annually. — Location: Foothills Industrial / Year Built: 1980 / Available: Immediately / Site Size: ~ 1.36 acres / Building Area: ~ 14,248 square feet / Zoning: I-G (Industrial General) / Loading: 3 – 14’ x 14’ drive-in doors, 2 – 10’ x 10’ drive-in doors, 1 – 12’ x 12’ drive-in doors / Ceiling Height: ~ 20’ to 26’ in shop / Power: 400 amps @ 600 volts (TBV) / 2024 Property Taxes: $60,478.56 / 2024 Assessed Value: $2,750,000 / Notes: Expertly built and recently renovated and upgraded, this building features: ~ 11,266 square feet of shop space, ~ 2,982 square feet of office space over two floors, Partly paved and fenced yard space, Make-up air system in shop, Multiple large overhead cranes, Curtained wash bay with pressure washer, Air-conditioned offices on both floors, Numerous nearby amenities, Area serviced by public transit — DISCLOSURE: Tenant has the right of first refusal to purchase the property.

Features of 5715 35 Street Se

MLS® # A2140963
Price $3,900,000
Bathrooms 0.00
Acres 1.36
Year Built 1980
Type Commercial
Sub-Type Industrial
Status Active

Community Information

Address 5715 35 Street Se
Subdivision Foothills
City Calgary
County Calgary
Province Alberta
Postal Code T2C 2H1

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed June 12th, 2024
Days on Market 29
Zoning I-G
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX House of Real Estate

Listing Map

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