80042 - 475 Avenue East
80042 - 475 Avenue East High River , Alberta T1V 1M3

80042 - 475 Avenue East - alternatives for sale

11,961 - 15,264 ft2
Alternatives Sale/Purchase
Contact us for price

Description

Jurisdiction

Foothills County (High River)

Zoning

DC 2 (Direct Control District)

Year Built

Building A: 2008 

Building B: 2010

Construction

Pre-engineered metal

Power

600 Amp 347/600V per building


Building A Tenant: Highwood Global Manufacturing Inc.

Lease Commencement: Oct 1, 2018

Size: Main Floor Office: 1,200 s.f.

Second Floor Office: 1,200 s.f.

Shop: 9,560 s.f.

Total: 11,961 s.f.

Year Built: 2008

Loading: One 16’x18’ drive-in door

One 20’x18’ drive-in door

One 16’x16’ drive-in door

Ceiling Height: 22’ to 27’

Crane: One 5 ton with 21’ bridge,

17’ hook and 75’ span

Electrical: 600 amp 600 volt 3 phase


Building B Tenant: ARP Automation Controls Inc.

Lease Commencement: Sept 1, 2013

Size: Main Floor Office: 1,440 s.f. (newly constructed)

Second Floor Office: 1,440 s.f. (newly constructed)

Shop: 12,384 s.f.

Total: 15,264 s.f.

Year Built: 2010 (with office constructed in 2019)

Loading: Six 16’x18’ drive-in doors

Ceiling Height: 24’ to 27’ clear

Crane: Two 5 ton with 19’ bridge,

14’ hook and 60’ span

Electrical: 600 amp 600 volt 3 phase


Amenities

  • An opportunity to acquire a 100% occupied manufacturing-focused property with two buildings occupied by two separate tenants 
  • Current tenants: Highwood Global Manufacturing Inc. in 11,961 s.f. and ARP Automation Controls Inc. in 15,264 s.f. 
  • 27,224 SF on 2.55-acres, representing a site coverage ratio of 22% 
  • Lease Income: $326,700 ($12.00 p.s.f.) 
  • 3-years of term remaining on existing leases (plus tenant options to renew) 
  • Clean, well maintained property with heavy power and crane capacity, including overhead 1 ton cranes 
  • Two floors of office constructed in Building B in 2019 totaling 2,880 s.f. at a cost of over $300,000 
  • Located 25 minutes south of Calgary on Highway 2A in High River, Alberta 

Documents and resources