4711 – 51 Avenue, Red Deer, AB
- Lease-Up Opportunity: Currently 40% vacant, the Property presents a meaningful value-add opportunity to increase cash flow through future lease-up at market rental rates
- Stable In-Place Income :Approximately 30% of the Property is leased to a single tenant with contractual rent escalation scheduled for 2029, supporting stable income and future revenue growth
- Flexible Configuration: The Property’s existing layout supports a diverse mix of retail, educational, medical, and service-commercial tenancy, enhancing long-term leasing flexibility and broadening the prospective tenant pool
- Broad Commercial Utility: The Property’s flexible layout and City Centre zoning support a wide range of commercial uses, positioning the asset to accommodate evolving tenant demand over time
Broker Details
Avison Young +1 403 875 4318
Broker Details
Avison Young +1 403 808 2295
Broker Details
Avison Young +1 403 819 6932
Broker Details
Avison Young +1 587 897 2344
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Lot Size: | 25,458.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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