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.)
The data included in this display is deemed reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association.
The real estate listing information and related content displayed on this site is provided exclusively for consumers. personal, non-commercial use and, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate.