Courtesy of Royal Lepage Arteam Realty.
Data was last updated 2025-01-15 at 15:57:24 GMT
$1,895,000

5 ALBERTA Avenue   Spruce Grove, Alberta

MLS®: E4387365
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This 9,280 +/- sq.ft. 5 bay Condominium Building is fully rented.  Built in 1980 this 116' x 80' building features each bay is approximately 1876 sq ft on the main level each with a Mezanne level of approximately 750 sq ft.   This well established building is located in Spruce Grove Industrial Park and is set on a corner lot of 1.00 +/- acres. Each Bay has a large 12' overhead door, separate man doors with full power to operate the businesses.  Ample Parking. All leases in place have the tenants covering the utilities.  This property is easily accessible via Highway 16/16A, Highway 627,and Golden Spike Road allowing a quick commute to Acheson, Edmonton,Nisku and Leduc. Zoned M1 General Industrial.   NOI 115,386; Cap Rate of 6.1%.
This 9,280 +/- sq.ft. 5 bay Condominium Building is fully rented. Built in 1980 this 116' x 80' building features each bay is approximately 1876 sq ft on the main level each with a Mezanne level of approximately 750 sq ft. This well established building is located in Spruce Grove Industrial Park and is set on a corner lot of 1.00 +/- acres. Each Bay has a large 12' overhead door, separate man doors with full power to operate the businesses. Ample Parking. All leases in place have the tenants covering the utilities. This property is easily accessible via Highway 16/16A, Highway 627,and Golden Spike Road allowing a quick commute to Acheson, Edmonton,Nisku and Leduc. Zoned M1 General Industrial. NOI 115,386; Cap Rate of 6.1%.

Listing Information

Prop. Type:
Other
Status:
Active
City:
Spruce Grove
MLS® Number:
E4387365
Neighbourhood:
Diamond Industrial Park
Area:
Spruce Grove
Province:
Alberta
Listing Price:
$1,895,000

General Information

Year Built:
1980

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This property is listed by Royal Lepage Arteam Realty and provided here courtesy of Kyle Rossiter. For more information or to schedule a viewing please contact Kyle Rossiter.
Kyle Rossiter
MaxWell Polaris
Phone: 780-450-6300
Mobile Phone: 780-267-9942
Inquire Via Email
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.