1-14, 4845 79 Street Red Deer, Alberta T4P 2T4
$3,500,000
Turn-key 14-bay, 11 tenant industrial investment in Red Deer's sought-after Northlands Industrial Park. Built in 1980, this 20,480 SF single-storey Class B building offers 20' clear ceiling height on a 1.52 acre site with excellent access to 49 Avenue, Highway 11A, and the QEII Highway corridor. Fully leased to a diverse roster of established local trades and service tenants — several with 9 to 15+ years of continuous, uninterrupted occupancy — the property generates $233,480 in current annual base rent ($11.40 PSF weighted average), plus a fixed $4.50 PSF additional rent that fully recovers operating costs. Held as a single-owner bare land condominium corporation, this building can be acquired as a stabilized bulk investment or repositioned over time through a unit-by-unit strata sell-off. With Red Deer's industrial vacancy near 4% and minimal new supply given today's construction costs, well-located multi-tenant assets like this one offer a rare combination of in-place income and long-term upside in Alberta's third-largest city. Zoned I-1, Industrial Business Service Zone. Proforma available to qualified purchasers upon execution of a confidentiality agreement. (id:49203)
Property Details
| MLS® Number | A2346956 |
| Property Type | Industrial |
| Community Name | Northlands Industrial Park |
| Plan | 1524581 |
Building
| Ceiling Height | 240 In |
| Constructed Date | 1980 |
| Heating Fuel | Natural Gas |
| Heating Type | Other, Forced Air |
| Size Exterior | 20480 Sqft |
| Size Interior | 20,480 Sqft |
| Total Finished Area | 20480 Sqft |
Land
| Acreage | Yes |
| Size Irregular | 66076.40 |
| Size Total | 66076.4 Sqft|1 - 1.99 Acres |
| Size Total Text | 66076.4 Sqft|1 - 1.99 Acres |
| Zoning Description | I-1 |
https://www.realtor.ca/real-estate/30310985/1-14-4845-79-street-red-deer-northlands-industrial-park
Contact Us
Contact us for more information
Darren Saxby
Associate
3617f - 50 Avenue
Red Deer, Alberta T4N 3Y5
(587) 272-0221
century21maximum.ca/
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September 22 2026 08:11:48
Central Alberta REALTORS® Association
Century 21 Maximum