Edmonton Light Industrial Portfolio

On behalf of our client Edmonton Light Industrial Portfolio Inc. (the “Vendor”), Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) is pleased to offer for sale a 100% freehold interest in the Edmonton Light Industrial (“ELI”) Portfolio in Edmonton, Alberta (the “Portfolio”, “Properties”, or the “Offering”).

The ELI Portfolio represents an excellent opportunity to acquire a scalable collection of well-performing assets with rental rate growth, strategically located within the accelerating industrial market. Consisting of two industrial parks, the Portfolio provides a total GLA of 223,692 SF on 13.68 acres of land area with excellent access to all major thoroughfares. 123,101 SF of the total GLA is located in Northwest Edmonton spread across three different industrial buildings. The remaining 100,591 SF of GLA is attributed to Southwood Industrial Park in the southeast industrial node.

With exceptional exposure and a variety of bay sizes, configurations, and loading options, the Portfolio appeals to a wide range of tenancies providing an investor with a highly diversified rent roll. The Portfolio is 95.9% leased to a diverse mix of tenants, who collectively offer a weighted average remaining lease term (“W.A.L.T.”) of 3.2 years, weighted average tenant tenure of 10.9 years, and rents that are under market, providing investors the opportunity to capitalize on strengthening market fundamentals over the near-term.