360 Falconer Crescent, Fort McMurray, Alberta

$7,900,000

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1.47

Acres

About 360 Falconer Crescent

Built in 2016, this property is located in Fort McMurray in the Leo Roberts Industrial Park. This free-standing building with a secured tenant would make a great addition to the savvy investor's portfolio. The structure is a steel building with over 16,000 sq ft and sits on 1.47 acre lot. Over 14,000 sq ft of warehouse space that houses heavy duty truck repair bays, wash bays along with another 2000 sq ft of office space. Wash bay operates on a boiler system providing in floor heating and ice melt for out door ramps as well as the equipment for washing vehicles. 2 more boilers that provide heat for bay and parts room. Total of 6, 16 x 16 drive thru overhead doors as well as an additional 2 bay doors in the wash bay and parts. Loads of parking on the property for large trucks. Front office space as well as a 2nd story board room and additional offices. The opportunity for stable income is present with a cap rate of just over 9% based on the current list price. The lease is a NNN secured by the tenant that extends to 2027. This is a great opportunity with a fantastic return on your investment.

Features of 360 Falconer Crescent

MLS® # A2100259
Price $7,900,000
Bathrooms 0.00
Acres 1.47
Year Built 2015
Type Commercial
Sub-Type Industrial
Status Active

Community Information

Address 360 Falconer Crescent
Subdivision Surrounding City Area
City Fort McMurray
County Wood Buffalo
Province Alberta
Postal Code T9H 4B5

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Lot Description See Remarks

Additional Information

Date Listed January 7th, 2024
Days on Market 102
Zoning BI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

Office3% REALTY FORT MCMURRAY

Listing Map