Multi-Tenant Industrial Building

JLL as selling agents are pleased to bring to market the Multi-Tenant Industrial Building located at 12803 56 Street, Edmonton, AB.

This presents a unique opportunity to acquire a small-bay industrial asset in Northeast Edmonton, a region known for its robust industrial activity. The property is strategically positioned for capital appreciation and steady income, being fully leased with 100% occupancy and long-standing tenants. This provides investors with a compelling value-add investment, particularly given the imminent lease expirations offering potential upside.

The building comprises 10,000 SF on a 0.34-acre site with IM medium industrial zoning. Constructed in 1973, the masonry structure supports 3-phase 208 Volt power and includes grade loading across 8 drive-thru bay doors. With a ceiling height of 21', it caters effectively to industrial tenants. The asset is currently held under judicial sale, with taxes estimated at $40,621 for ₂₀₂₆ and a sale price of $1,350,000, yielding a 7.62% cap rate.

Positioned just minutes from Yellowhead Trail and Anthony Henday Drive, the property offers exceptional connectivity, reinforcing its attractiveness amid Edmonton's extensive industrial quarter. The proximity to major transport corridors aligns with growing demand for well-located industrial spaces, benefitting from Edmonton's economic dynamism.

Offers will be addressed as received, subject to approval by the Court of King's Bench of Alberta.