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Red Deer leased 1.75-acre industrial complex sells for $1.82 million

Leased to a long-time business, the light industrial site includes 11,550 square-foot-building with prominent avenue exposure.
Western Investor Staff
7899 50 (Gatz Avenue) Avison Young
Avison Young, Edmonton, for Western Investor

Property type: Industrial

Location: 7899 50 (Gatz) Avenue, Red Deer, Alberta

Property size: 11,550 square feet

Land size: 76,230 square feet

Land size in acres: 1.75 acres

Zoning: Light industrial

Sale price: $1.82 million

Date of sale: November 3, 2020

Brokerage: Avison Young, Edmonton

Broker: Reed Newnham