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1, 60056 Township Road 732
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Beds
—
Baths
—
Sqft
7,200
Year
2020
Type
Industrial
On market
206d
Turn-key investment opportunity, offers a prime commercial asset complete with a long-term tenant and an appealing 8% Cap Rate. This mint condition property features a 7,200 sq. ft. industrial shop situated on a 4-acre corner lot at the main entrance to Kestrel Business Park. Ideally positioned just one mile south of the Town of Sexsmith and eight miles north of the City of Grande Prairie, it benefits from excellent visibility with frontage along Township Road 732 to the south & easy access to HWY 2. Constructed only five years ago, the building is extremely well-maintained and combines 5,567 sq. ft. of shop space with 1,633 sq. ft. of professional office space with second-storey storage wired for future expansion of offices. The office area includes two private offices—one with its own two-piece washroom—along with an additional public washroom. The space features a concrete slab finished with vinyl composite tile, 10-foot ceilings throughout the offices, and a welcoming reception area highlighted by tall ceilings and a large L-shaped counter. A T-bar ceiling with fluorescent lighting, forced air gas furnace, air conditioning, and a staff room equipped with a full kitchenette, large tool crib room and direct access to the shop complete the thoughtful office layout. The expansive shop area offers four 80-foot drive-thru bays and an additional 37-foot shipping bay with mezzanine storage, providing exceptional functionality for industrial operations. It is equipped with eight 12' x 16' overhead doors and one 10' x 16' all powered and insulated. The shop features 18-foot ceilings, a concrete slab with sumps, T-5 fluorescent lighting, suspended radiant tube heating with circulating fans, upgraded air make up, a mezzanine, counters, and a two-piece shop washroom. The building also includes two three-phase converters with transformers, converting Delta to Wye service. Laundry connections are located in the mechanical room for onsite convenience. The exterior of the buildi ng is clad in metal with attractive stone veneer accents and is surrounded by a chain-link fence & gravelled yard. Additional site improvements include two 10' x 90' concrete aprons. The property is serviced by a water well and a 2,500-gallon septic tank equipped with an oil skimmer. With a strong tenant already in place and solid returns supported by an 8% Cap Rate, this property is an exceptional opportunity for any investor seeking a reliable, income-producing commercial asset. Lease details are available upon request. A PLEASURE TO VIEW & MUST BE SEEN TO BE APPRECIATED! Connect with your commercial Realtor® to schedule a viewing. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.29%
Cap rate
3.61%
GRM
16.7
Break-even rent
$13,427
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 31, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Grande Prairie No. 1, County of. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.