3420 21 Street, Springbrook

$17,900,000

0 Beds
0 Baths
0 Sqft
92.39 Acres
0 Garages

Mature Property, prime repurpose development project. 17 seperate buildings 15 seperate titles service with water, sewer, internal roads, curbs, airport, power, gas, and telephone lines. Property is currently professionally managed. Rental occupancy: 38% under long term leases, 20% under short term leases and 42% vacant. Buildings include: residential, office, commercial kitchens, mini storage, warehouse, airplane hanger, 2 churches, and storage buildings. Included in sale: all furnishings, equipment, leasehold improvements, $1,300,000 annually escalating rental income (including Montair Net lease $727,200 per annum with annual escalation clause) , 397,266 sq ft buildings 92.39 acres of serviced land already subdivided, turnkey office building with multiple offices and fully functioning commercial Kitchens furnished & equipped to serve 1000 people. The residential buildings include 340 dorm style rooms, fully operating mini storage facility, 46,475 sq ft airplane hanger suitable for large aircraft and multiple other multi use buildings. Zoning includes: Springbrook Low and Medium Density Residential, Springbrook Highway Commercial, , Springbrook Town Center, and Springbrook Business Service Airport. (see attached documents including Building breakdown, Subdivided Land breakdown, Municipal Zoning regulations, Datasheet, Proposed new County of Red Deer road plan looking forward to providing unrestricted access onto 32 Ave in Red Deer.)

Essential Information
MLS® #CA0184262
Price$17,900,000
Bathrooms0.00
Acres92.39
Year Built1946
TypeCommercial
Sub-TypeBusiness
StatusActive
Community Information
Address3420 21 Street
CitySpringbrook
CountyRed Deer County
ProvinceAB
Postal CodeT4S 2E6
Utilities

Municipal Water, Natural Gas, Power - Metered, Power - Three Phase, Bus Service, High Speed Internet, Street Lighting, Service - Full, Telephone, Underground Wiring

Heating

Furnace - Forced Air - 2, Furnace - Overhead, Natural Gas, Baseboard heaters, Boiler, Com. Water Heater, Electricity, Forced Air/Hot Water, Hot Water, Sep. HVAC Units, Mixed, Make-up Air, Radiant, Separate Controls, Steam, Separate Water Heaters, Zone Heating

Exterior
RoofMetal, Tar & Gravel
FoundationConcrete
Construction

Asbestos, Brick, Concrete, Frame - Wood, Mixed

Additional Information
ZoningSpringBrookComprehensive
Listing Details
OfficeSutton Landmark Realty
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