INVESTMENT SALE
47,756 SF BUILDING ON 6.08 ACRES
30 BELICH CRESCENT RED DEER COUNTY, AB
QE2 HIGHWAY EXPOSURE STRONG TENANT WITH TERM
Cushman & Wakefield Edmonton Suite 2700, TD Tower 10088 102 Avenue Edmonton, AB T5J 2Z1 cwedm.com
Adam Martinson Murry Osborne Associate Partner Senior Associate 780 701 3285 780 917 8330 [email protected] [email protected] Cushman & Wakefield Edmonton is independently owned and operated / A Member of the Cushman & Wakefield Alliance. No warranty or representation express or implied is mad to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property for properties in question. 2018 30 BELICH CRESCENT RED DEER COUNTY, AB Cushman & Wakefield Edmonton is pleased to present for sale this single tenant industrial facility in the Belich Business Park with exposure from the Queen Elizabeth Highway. The facility has been tenanted by Reliance Oilfield services since January 1, 2018.
TENANT PROFILE Reliance was formed in 2004 to provide high- pressure control tools and services to the oil and gas industry in the USA • Reliance USA has seven branches in the US • Reliance Canada has locations in Calgary, Red Deer, Medicine Hat, Whitecourt, Bonnyville, Estevan, Grande Prairie and Fort St. John PROPERTY DETAILS
legal description Plan 0426727 Block 1 Lot 6A
property tax levy (2018) $68,016.96
site area 6.08 Acres
existing building 47,756 SF
location 30 Belich Crescent, area built Red Deer County, AB 2005
industrial park occupancy Belich Business Park 100%
zoning existing tenant Business Service Reliance OFS Canada Ltd. Industrial District (BSI) o/a Reliance Oilfield Services
construction net operating income Steel Frame $498,027 (Average) As of July 1, 2019
expiry December 31, 2022
price $6,500,000 ($136 per SF)
capitalization rate 7.66% (On average annual income remaining)