Multi-Tenant Industrial Building
12803 56 Street Northwest, Edmonton, AB, T5A 0C9, CA
MYR 3,965,000 | 929 m²
Description
Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to offer for sale 100% freehold interest in a single-tenant industrial facility situated on a 2.81-acre site, located at 3340 - 33 Street, Whitecourt, Alberta (the “Property” or the “Site”)
This industrial facility is made up of a 8,840 SF service shop and office situatedon a fully fenced improved yard. Upon closing, the Property will be subject to a 10-year, triple-net sale-leaseback to High Arctic Energy Services Inc. (TSX:HWO) ("High Arctic", the "Company", or the "Tenant"), a publicly traded oilfield services company, providing oilfield services to exploration and production companies in Western Canada.
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Attributes
Building area net
821 m²
Occupancy
100%
Year built
2006
Land area gross
11,372 m²
Zoning
M1
Grade level doors
6
Tenants
1
Clear height
5.18 m
Media
Investment Highlights
- 10-year sale-leaseback with annual rent escalations
- Strategically located near the Western Canadian Sedimentary Basin
- Developed, owned and operated by the Tenant since 2006
- Market leading oilfield rental company speacializing in surface pressure control equipment
Contact brokers
High Arctic (0 Properties)
