Red Deer office building sold at assessed value of $3.15M

Fetching slightly under asking price, the building offers 15,156 square feet of office space on a 1.28-acre site

By
for Western Investor
March 16, 2020





DD Red Deer office building single storey

A 15,156-square foot office building on a 1.28-acre site in Red Deer, Alberta, has sold for $3.15 million, reports Re/Max Complete Commercial. The final sale price was below the asking price of $3.49 million but matched the Alberta Assessment value.

Breakdown:

Type of property: Office building

Location: 2830 Bremner Avenue, Red Deer, Alberta

Number of units: 1

Size of property: 15,156 square feet

Size of land: 1.28 acres

Zoning: DC-1 (commercial, allows office or retail)

Alberta Assessment value 2020: $3.15 million

List price: $3.49 million

Sale price: $3.15 million

Date of sale: March 9, 2020

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

Broker: Cam Tomalty


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