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Medicine Hat,AB T1A 8R9
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision South West Industrial
MLS Listing ID A2227440
Year Built 1998
Annual Tax Amount $11,540
Tax Year 2024
Property Sub-Type Business
Source Medicine Hat
Property Description
Located in a prime industrial location, this 5,928 sq ft commercial building offers a strong and stable investment opportunity with a long-standing tenant in place. The property is currently home to Applied Industrial Technologies, who have leased the space since it was first built in 1998—demonstrating exceptional tenant reliability and stability.
The lease generates $4,500/month ($54,000 annually) in rental income, with the tenant covering all operating costs, including maintenance, property taxes, insurance, and repairs. The current lease is in place until February 2027, providing consistent cash flow and peace of mind for the new owner.
The building itself is well-maintained, with a new hot water tank installed in October 2024. The site includes ample outdoor parking, suitable for staff, customers, or equipment.
This is a sale of the building only, not the business. Whether you're looking to expand your portfolio or step into a dependable income-producing asset, this property is worth serious consideration.
Location
Province AB
County Medicine Hat
Zoning I-G
Interior
Heating Forced Air,Natural Gas
Cooling Central Air,Partial
Exterior
Roof Type Metal
Lot Frontage 41.5
Others
Restrictions See Remarks
Tax ID 91492086
Ownership Private