1401 N 28 St
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1401 N 28 St
18,827 SF 100% Leased Industrial Building Lethbridge, AB T1K 6A5 $2,100,000 CAD ($112 CAD/SF)
Investment Highlights
- Large Yard
- Huge, 6.08 acre site
- Large, private parking lot
- Central location
Executive Summary
This site has a number of potential options for redevelopment and expansion including updating the existing building, extending the existing building by adding square footage, developing auxiliary buildings, or redeveloping the entire property. With industrial real estate being in high demand in Lethbridge, and a tight vacancy rate of approximately 3%, this is an excellent opportunity to update and expand an industrial offering in a great location. The property is situated at the edge of Churchill Industrial Park along 28th Street North (7,500 VPD+). The site offers approximately 500 feet of frontage along 28th Street North providing excellent exposure and convenient access.
The building has a committed tenant, Paul Davis Lethbridge, operating under a semi-gross lease which is up for renewal December 31, 2023. Please contact an Associate to discuss this opportunity further.
The building has a committed tenant, Paul Davis Lethbridge, operating under a semi-gross lease which is up for renewal December 31, 2023. Please contact an Associate to discuss this opportunity further.
Property Facts Under Contract
| Price | $2,100,000 CAD | Lot Size | 6.10 AC |
| Price Per SF | $112 CAD | Rentable Building Area | 18,827 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1977 |
| Property Subtype | Warehouse | Clear Ceiling Height | 12 ft |
| Building Class | B |
| Price | $2,100,000 CAD |
| Price Per SF | $112 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 6.10 AC |
| Rentable Building Area | 18,827 SF |
| No. Stories | 1 |
| Year Built | 1977 |
| Clear Ceiling Height | 12 ft |
Amenities
- Yard
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zoning
| Zoning Code | (U-I) (Urban Innovation) |
| (U-I) (Urban Innovation) |
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1401 N 28 St
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