Beaumont Place

4902 50 Avenue, Beaumont, AB, T4X 1K5, CA

Description

FOR SALE: Beaumont Place - Mixed-Use Investment Property | Beaumont, Alberta

Jones Lang LaSalle Real Estate Services, Inc. ("JLL") has been exclusively retained to offer for sale a 100% freehold interest in Beaumont Place located at 4902 – 4914 50 Avenue in Beaumont, Alberta (the "Property").

Property Overview: Beaumont Place is a residential mixed-use property comprised of 14 two-bedroom, 1.5 bath residential suites and 8 ground-floor retail spaces. The Property is a strong cash flowing asset located in the heart of Beaumont which is the fastest growing city in the Edmonton metropolitan region.

Investment Details: The Property is being offered with a list price of $5,250,000. The Property is available to prospective purchasers free and clear of any financial encumbrances.

Purchase Process: Expressions of interest to purchase will be reviewed as received. No offer, regardless of form or content, will create any binding legal obligation upon the Vendor or the Advisor until fully executed by the Vendor and Purchaser.

Deal Room Access: Please sign and return the Confidentiality Agreement ("CA") for Deal Room Access to review detailed property information.

For more information contact JLL Capital Markets, Alberta

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Attributes

Residential Suites

Commercial Units

Year built

1976

Building Construction

Three Storey, Concrete Construction

Building area net

2,191 sm

Land area gross

1,951 sm

Parking spaces

Media

Investment highlights

Untapped Local Retail Demand

Beaumont’s supply-demand imbalance presents a clear investment case. An estimated $491 million in annual retail sales leaks to Edmonton, a direct result of commercial development lagging behind rapid population growth. This retail demand will intensify, driven by the continued expansion of the city’s young and growing labour force and high disposable incomes relative to the provincial average.

Strong Cash Flowing Asset in a Growing Market

Beaumont Place presents a rare turnkey investment opportunity, delivering immediate cash flow from a stabilized asset while positioning investors to capitalize on Beaumont’s robust population growth and expanding economic base. Beaumont Place offers investors both strong day one cash flow and long-term value appreciation driven by the strong market fundamentals.

Favourable Greater Edmonton Market Tailwinds

Affordability and economic opportunities are shifting national population flows into the prairie regions, resulting in the Edmonton CMA being one of the fastest growing cities at 4.65% y-o-y. Neighbouring spillover cities such as Beaumont are benefiting from this trend as it possesses even greater affordability.

Exceptional Demographics Fundamentals

Beaumont just 20 minutes south of Edmonton, has evolved from a small agricultural community to a thriving suburban city. In 2019, Beaumont was officially designated Alberta’s 19th city, reflecting its significant growth trajectory. In the last 5 years Beaumont’s population has increased by 22.3%, and over the last 20 years Beaumont’s population has grown by an average of 5.6% annually, making it the fastest growing city in the Edmonton CMA. The City of Beaumont forecasts continued robust growth, with the population expected to rise from ~24,600 residents today to 30,000 by 2029. This expansion is fueled by a young, well educated, and high earning demographic, with a median age of 35, and household income of $162,250 which is well above the provincial median.