Coldwell Banker Signature-Melfort

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South Industrial Drive
Prince Albert

$3,000,000
Commercial

Main Photo: South Industrial Drive in Prince Albert: Commercial for sale
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Status:
Active
Prop. Type:
Commercial
2 side by side premium buildings for sale in a good business area in Prince Albert, SK. 390 South Industrial Dr and 406 South Industrial Dr are full buildings with lots of tenant and client parking. There is several very long term tenants with solid leases. Lots of maintenance done on buildings to keep them up. 3 phase power to both buildings and they are heated with natural gas. Upgrades include newer stucco and tin roofing and several bays renovated over the years. Approx 12,255 rented sqft in 390 and 16,444 sqft in 406. There is two outdoor fenced compounds that are available for tenants to rent as well. 2018 gross income of $363,050.00. Cap rate of 6.83% based on $3,000,000.00 sale price. Consistent income increase year over year. 406 will have three bays that will be brand new renovated this year with tenants signed up with good length leases. Great opportunity for steady income producing buildings that have been well taken care of. Call today to book a viewing. Leases and additional information available upon request. 390 taxes for 2019 $41,530 406 taxes for 2019 $23,330
Property Type:
Commercial
Date Listed:
Jan 20, 2020
Days on Mkt:
39
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Listed by Coldwell Banker Signature Melfort of Coldwell Banker Signature Melfort
Data was last updated February 28, 2020 at 01:35 PM (UTC)
Coldwell Banker Signature Melfort
Coldwell Banker Signature-Melfort
Office: 306-752-4400
Fax: 306-752-4411
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