80042 – 475 Avenue East, High River

Property Highlights:
  • 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
  • Sale Price: $4,600,000 or $169 p.s.f. (7.1% cap rate)
Listing Agent:
403 456 3247
casey.stuart@am.jll.com
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Contact Our Team At 403.456.2233
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