16,127 ft²Industrial$7,500,000Sale
16,127 ft²
Industrial
$7,500,000
Sale
Danny Su
NAI Commercial BC
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NEW PRICE | Single Tenant Industrial Investment For Sale NAI Commercial is pleased to present an opportunity to acquire a free-standing industrial building located at 360 Falconer Crescent, Fort McMurray, AB (the “Property”). The Property represents a stable, income-producing asset operating a carefree NNN lease secured by Bassett Petroleum Distributors Ltd. The 16,127 square feet steel framed building sits on 1.47 acres site fronting Falconer Crescent. The building consists of a 2,026 square feet office area, and a 14,101 square feet warehouse area. The building boasts four drive-through bays, each measuring 16 ft by 18 ft, adding to its functionality. The site is zoned as Business Industrial (BI), making it ideal for a diverse range of compatible commercial and general industrial businesses. Tenant Profile - Bassett Petroleum Distributors Ltd. is a family-owned business operating in Northwest Territories, Canada since 1989. They deliver various products such as fuel, lubricants, road salt, airport sand, dust suppressant, and emulsion oil, etc. using their fleet of vehicles. The company serves five major markets and has branch offices in Hay River, Yellowknife, Sturgeon County, Edmonton, Fort Murray, and Richmond. They offer bulk fuel hauling, dry bulk hauling, general freight hauling, commercial fuels and lubricant sales, and heavy-duty maintenance services. Their heavy-duty truck repair and maintenance services are available in Edmonton and Fort McMurray. The company provides delivery services across Alberta, British Columbia, and Northwest Territories. They have secured an exclusive supply contract throughout Western Canada for gasoline and diesel products.
The Space
Asking Price$7,500,000
Available Space16,127 ft²
Net Operating Income$741842
Property UseIndustrial / Investment property
ZoningBusiness Industrial (BI)
Cap Rate9.89%
Year Built2016
Office Portion2,026 ft²
Industrial Portion14,101 ft²
SourceDirect
The Building
Fort McMurray is a city located in the northeastern region of the province of Alberta, Canada. It is known for its oil sands industry and is a major hub for oil production and processing. The city has a population of around 66,000 people and is located near the Athabasca River. It is home to several recreational activities, including fishing, hiking, and skiing. The city also has a diverse cultural community, with many Indigenous and immigrant residents.
Property TypeIndustrial
Lot Size1.47 AC
Up to $500K for Alberta businesses
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