Sylvan Lake industrial property sold for $1.125M

Fully equipped building generates more than $9,000 in monthly rent

By
for Western Investor
July 9, 2019





Done Deal Sylvan industrial building

A 10,500-square-foot metal clad industrial building in Sylvan Lake, Alberta, featuring a 7,000-square-foot shop and paved parking sold for $1.12 million after a price reduction.

Breakdown:

Sold price: $1,125,000

List price: $1,150,000

Lot size: 0.99 acre

Number of units: 1

Zoning: Light industrial

Property type: Industrial

Date of sale: June 4, 2019

Total current monthly rent: $9,354

Address: 11 Erickson Drive, Sylvan Lake, Alberta

Name of brokerage: Re/Max Complete Commercial

Agent: Cam Tomalty


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