Voltage Wireline Property – Safety First Projects 10 Ltd.
LOCATION: 45-27312 Township Rd 394, Blackfalds, AB T0M 0J0
DATE PURCHASED: December 15, 2021
PURCHASE PRICE: $2,000,000 ($2,140,000 All Costs In)
APPRAISED VALUE: $2,130,000
TOTAL CAPITAL INVESTED: $750,000
CASH ON CASH RETURN: 8%
COMPOSITE RETURN: 14.5% (Cash on Cash plus Equity Gain through paying down loan principle)
TENANCY: Voltage Wireline
YEAR BUILT: 2008
LAND SIZE: 4 Acres
Warren Marshall of our office brought this property to our attention. The property was being offered as a Sale/Leaseback to Voltage Wireline. A new seven-year lease was negotiated to commence on December 15, 2021.
The Aspelund North Industrial Park is a very well-developed subdivision, has easy access to and from QE II, and has the advantage of high-speed fiberoptic internet service.