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5212 48 St
2,330 SF of Flex Space Available in Red Deer, AB T4N 7C3
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor - C107 & C108 | 2,330 SF | Negotiable | $14.00 CAD/SF/YR $1.17 CAD/SF/MO $150.69 CAD/m²/YR $12.56 CAD/m²/MO $2,718 CAD/MO $32,620 CAD/YR | Plus All Utilities |
1st Floor - C107 & C108
This desirable double end unit, located in Heritage Village is available for lease. Formerly used as a dental office, this 2,330 SF space features a reception area and waiting room with a built-in desk, three open areas, two small offices, two washrooms, a mechanical room, and a staff room with a rear exit. Windows on three sides of the unit bring in natural light. Ample paved parking is available on site, shared with neighbouring businesses. Additional rent is $12.39 per square foot for the 2024 budget year. This lease rate is for the first year of a long-term lease to a qualified tenant with $2.00 PSF escalations. This property is also available for sale.
- Listed lease rate plus proportional share of utilities
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 5212 48 St , Red Deer, AB T4N 7C3
| Property Type | Retail | Year Built | 2001 |
| Property Subtype | Storefront | Parking Ratio | 10.3/1,000 SF |
| Gross Leasable Area | 2,330 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 2,330 SF |
| Year Built | 2001 |
| Parking Ratio | 10.3/1,000 SF |
About the Property
This desirable double end unit, located in Heritage Village is available for lease. Formerly used as a dental office, this 2,330 SF space features a reception area and waiting room with a built-in desk, three open areas, two small offices, two washrooms, a mechanical room, and a staff room with a rear exit. Windows on three sides of the unit bring in natural light. Ample paved parking is available on site, shared with neighbouring businesses. Additional rent is $12.39 per square foot for the 2024 budget year. This lease rate is for the first year of a long-term lease to a qualified tenant with $2.00 PSF escalations. This property is also available for sale.
Nearby Major Retailers
-
Cam Tomalty -
Jeremy Makila -
RE/MAX Commercial Properties
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5212 48 St
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