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Vacant-User

225 28 Street N, Lethbridge, AB

225 28 St N, Lethbridge, AB T1H 6W3

Listing Price: $6,250,000

Cap Rate
6.25%
Gross SF
35,460
Price/Gross SF
$176.25
Lot Size
3.30 acres
Year Built
2007
Rentable SF
35,460

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present for acquisition a 100% freehold interest in a Portfolio comprised of three properties, 1201 2A Avenue N, 104 13 Street N, and 225 28 Street N, Lethbridge, Alberta (collectively, the “Portfolio” or the “Properties”; individually the “Subject Property”), located in Lethbridge Alberta. The Portfolio provides an investor the unique opportunity to acquire three stable income producing properties, all within a close proximity to one another providing operational efficiencies and synergies.

Located within the heart of Lethbridge, each of the Subject Properties is exceptionally located with convenient access to many major amenities, educational institutions, and major transportation routes. The Portfolio is comprised of 105,332 square feet of retail, industrial, and limited office space, with a combined site size of 7.12 acres.

Investment Highlights

  • Highly desirable warehousing and logistics space, 100% occupied by tenants operating on NNN leases, priced below replacement cost.
  • Highly desirable warehousing and logistics space, 100% occupied by tenants operating on NNN leases, priced below replacement cost.
  • Fully paved site with a total coverage of 25%. Both buildings combined feature 18 loading bays (9 grade & 9 dock).
  • The Subject Property benefits from proximity to major throughfares servicing beyond North Lethbridge, including Highway 3 and 5 Avenue N.

Exclusively Listed By

Vacant-User

225 28 Street N, Lethbridge, AB

Listing Price: $6,250,000

Cap Rate
6.25%
Gross SF
35,460
Price/Gross SF
$176.25
Lot Size
3.30 acres
Year Built
2007
Rentable SF
35,460

Investment Highlights

  • Highly desirable warehousing and logistics space, 100% occupied by tenants operating on NNN leases, priced below replacement cost.
  • Highly desirable warehousing and logistics space, 100% occupied by tenants operating on NNN leases, priced below replacement cost.
  • Fully paved site with a total coverage of 25%. Both buildings combined feature 18 loading bays (9 grade & 9 dock).
  • The Subject Property benefits from proximity to major throughfares servicing beyond North Lethbridge, including Highway 3 and 5 Avenue N.

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present for acquisition a 100% freehold interest in a Portfolio comprised of three properties, 1201 2A Avenue N, 104 13 Street N, and 225 28 Street N, Lethbridge, Alberta (collectively, the “Portfolio” or the “Properties”; individually the “Subject Property”), located in Lethbridge Alberta. The Portfolio provides an investor the unique opportunity to acquire three stable income producing properties, all within a close proximity to one another providing operational efficiencies and synergies. Located within the heart of Lethbridge, each of the Subject Properties is exceptionally located with convenient access to many major amenities, educational institutions, and major transportation routes. The Portfolio is comprised of 105,332 square feet of retail, industrial, and limited office space, with a combined site size of 7.12 acres.

Exclusively Listed By

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