Red Deer industrial property sold for $270,000

Office equipment firm pays $120 per square foot for 2,244-square-foot property

By
for Western Investor
November 25, 2019





DD Red Deer industrial property office

An office equipment company has purchased a 2,244-square-foot industrial property in Red Deer, Alberta, for approximately $120 per square foot.

Breakdown:

Type of property: Industrial

Location: North Pines neighbourhood, Red Deer, Alberta

Number of units: 1

Size of property: 2,244 square feet

Zoning: I-1 (industrial)

Vendor: RJP Financial Ltd.

Buyer: Looker Office Equipment

List price: $275,000

Sale price: $270,000

Date of sale: November 15, 2019

Brokerage: Re/Max Complete Commercial, Red Deer, Alberta

Brokers: Cam Tomalty, Glenn Moore, Jeremy Makila


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