Description

Jones Lang LaSalle Real Estate Services, Inc. ("JLL") is pleased to offer for sale a 100% freehold and fee simple interest in a large scale former cannabis production facility, located at 6102/6402 48 Avenue in Olds, Alberta (the "Property").

The offering is newly constructed with state-of-the-art air handling, ventilation, makeup air, lighting, and security systems. The offering is priced well below replacement cost. The greatest opportunity for repositioning is created through the available 20 MEGAWATT power capacity created through Fortis infrastructure. The power contracts have recently been discharged, providing a buyer the opportunity to renegotiate power contracts based on their specific requirements, to specific parts of the site.

The Property is being launched with a deadline for submitting expressions of interest to acquire the Property on Monday, July 13, 2026 at 4:00pm MDT. Interested parties are invited to set up a tour of the Property through the Advisor with advance notice, starting Monday, June 8, 2026. For more information, please reach out to the Advisors.

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Attributes

Parcel

Zoning

DC-7 Direct Control

Building area net

41,621 m²

Year built

2017

Site Size

40.31 Acres

Call for offers

07/13/2026

Media

Investment Highlights

Alberta's AI Data Centre Strategy - The Province of Alberta’s AI Data Centre Strategy establishes a highly favourable environment for power-intensive projects, positioning the province as a premier destination for AI data centre investment.
Climate and Water Advantages - Alberta’s strategic AI Data Centre approach extends to cooling and water resources, which are essential for efficient data centre operations.
Superior Financial & Costs Advantages - Alberta presents a superior financial and operating environment for data centre development, distinguished by several key economic advantages that enhance investment returns.
Stable Political Environment - The province's political landscape has a well-established pattern of long-term, single-party majority governments, with parties often governing for several decades.
Natural Gas Generation Capability - Alberta stands as Canada’s undisputed leader in natural gas, offering a secure, abundant, and long-term energy supply critical for large-scale industrial operations.
Potential Co-Generation Opportunities - Leveraging Alberta's status as Canada's largest producer of abundant and low-cost natural gas, a future owner or tenant could implement this highly efficient system to produce both electricity and usable thermal energy from a single fuel source.
Scalable Development Environment - Alberta's physical capacity for expansion is underpinned by vast, cost-effective land parcels and robust infrastructure, including high-capacity power grids, abundant natural gas, and major transportation corridors.