Facebook
X
Pinterest
Copy Link
New Industrial Investment | Fully Leased | 8.06% CAP | Netook Crossing – Mountain View County, AB
This new 9-bay industrial building is located in the high-exposure Netook Crossing Business Park, directly off Highway 2 near the Town of Olds. Positioned between Calgary and Red Deer—approximately 35 minutes to either city—this property offers excellent visibility and efficient access to major transportation routes.
The 16,200 sq. ft. building is constructed with durable steel and concrete for long-term performance and minimal maintenance. Each of the nine 1,800 sq. ft. bays includes a 16’ x 16’ overhead door. The site features a fully fenced yard and a flexible leasing configuration, curre
ntly demised into 5, 3, and 1-bay groupings.
All units are fully leased on Triple Net terms at an average base rent of $19.66 per sq. ft., generating a Net Operating Income of approximately $318,492 annually. Based on a purchase price of $3,950,000, this reflects a CAP rate of 8.06%.
Located in business-friendly Mountain View County, the property benefits from low property taxes. Zoned Business Park District, the area is seeing strong commercial growth and continued development interest. This is a low-maintenance asset with long-term income potential and strong return on investment.
Podcast: Play in new window | Download
