Property Details

Address: 1851 - 94 Street, Edmonton, AB
Status: For Sale
Price: $12,000,000
Cap Rate: 7.00%

Building and Site Info:

Neighbourhood:  Edmonton Research & Development Park
Legal Description:  8120859; 3; 3
Category:  Industrial
Zoning:  IB
Use:  Warehouse / Manufacturing Facility
Year Built:  2005
Lot Size:  3.98 Scres
Building Size:  52,000 Sq. Ft.
Levels:  2
Parking:  156 Surface & Paved Stalls
Lighting:  Florescent & Incandescent
Electrical Service:  1,600 Amps, 208 Volt 


This Warehouse / Manufacturing Facility is located at 1851 - 94 Street in Edmonton, Alberta, in the Edmonton Research Park.
Main and Second floor heated via gas firesd hot water boilers (additional supplemental heating for second floor via surface mounted electric radiant ceiling panels.)
The lighting throughout the building is mainly florescent and incandescent.
Zedi is the tenant for the entire building. (52,000 Sq. Ft.)
Pricing Breakdown:
-52,000 Sq. Ft. @ $15.00 per square foot or $780,000 from November 1st,
2016 to January 31st, 2020.
-52,000 Sq. Ft. @ $17.00 per square foot or $884,000 from February 1st,
2020 to January 31st, 2025.


Neighbourhood Overview

The Edmonton Research Park is a neighbourhood in Edmonton, Alberta. It is bounded to the North and by 23rd Avenue, to the East by 91st Street, to the South by the Anthony Henday, and to the West by Parsons Road. Surrounding neighbourhoods include Satoo, Meyonohk and Parsons Industrial. The Edmonton Research Park is located within close proximity to the Anthony Henday ring road and Calgary Trail / Gateway Boulevard, which are 2 of the major roadways within Edmonton.
The Edmonton Research Park is home to more than 1,500 members at 55+ companies working in diverse fields, from biotechnology to energy. Startups and growing companies can access a variety of workspaces; on site programs, access to soft-landing programs; personalized referrals to support and funding agencies; and facilitated access and collaboration with local, national and international communities of accelerators, science parks and Incubators.
The Edmonton Research Park offers a range of services to research-driven companies:
• They operate two buildings in the park designed to nurture research initiatives: the Advanced Technology Centre, and the Biotechnology Business Development Centre.
• They make land available for qualified companies planning to build research facilities within four areas of focus: biotechnology, nanotechnology, clean energy and oil and gas support.

The Edmonton Research Park is also in very close proximity to South Edmonton Common.
South Edmonton Common is a retail power centre located in Edmonton, Alberta. The flagship shopping complex is spread over 320 acres and contains more than 2.3 million square feet of dining, shopping and entertainment space, making it one of the largest open-air retail developments in North America. A number of retailers have selected the location to showcase their first Edmonton store, making South Edmonton Common a unique, one-stop shopping and entertainment experience.

Interested in this Property?

Contact the David G. Parker Team Today