1721 10 Avenue SW
Medicine Hat, AB
Excellent Industrial Investment opportunity
Offering Summary
- Opportunity 15,360 SF
- Site Size 0.71 Acres
- Legal Address 1111244;1;3
- Zoning Business Industrial District
- Sale Price $2,490,000
- Property Taxes $28,100.84 (2024)
- Cap Rate 7.75%
- Net Income $195,840 (2025)
- Possession Negotiable
Property Description
Excellent investment opportunity at an effective cap rate of 7.75% with three years remaining on the lease term; 2026 rate escalation. The property is the long-time local branch of Wolseley Plumbing supply who has operated out of this location since 2003. The building’s design offers high ceilings and the clear span flex space (no columns) caters to a variety of users in case of future vacancy.
Location Description
This industrial investment property is strategically located in the desirable Southwest Industrial Park adjacent to the Medicine Hat Regional Airport. With excellent frontage along the park’s main access, the 10th Avenue corridor, the size and layout of the property caters well to highest and best use. The site has easy access to both Highway AB-3, via 10th Avenue SW, as well as the Trans-Canada Highway (HWY-1).
