FOR SALE: 1105 16 Avenue

1105 16 Avenue
Nisku , Alberta T9E 0A8

Property Details

  • Property Size (ha): 1.77

FOR SALE: 1105 16 Avenue - Industrial for sale

About this space

  • Type: Industrial
  • Sub-Type: Contact Us
  • Tenure: Sale / Purchase
  • Space Available (ha): 1.77
  • Price ($CAD): Contact Us

Cathedral Energy Building is a well-built, 34,235 sf industrial building on 4.37 Acres and is currently 100% occupied with favourable terms in place until September 2028. The Vendor has listed the property at $8,750,000, and will deal with purchasers on a first come, first-served basis. The offering is free and clear of debt with annual contractual rent steps offering a stable and growing cashflow.

By developable land mass, Nisku Business Park is the seventh largest industrial business park in North America, and fourteenth largest in the world. It is adjacent to the Edmonton International Airport and major transportation thoroughfares which provide unprecedented access to the logistic, service, technical, and human capital requirements that a tenant may require. As well, the Business Park is surrounded by
arterial transportation throughways such as Anthony Henday Drive, Trans-Canada Highway, and the Queen Elizabeth II Highway.

Amenities


  • Long-term and stable income growth is provided by way of a 10-year lease term with annual 2.00% escalations and a 5-year option to renew.
  • The Property is located in the heart of Nisku, which provides users and tenants substantial property tax advantages compared to Edmonton, as well as immediate access to the Edmonton International Airport and Highway 2.
  • Cathedral Energy is a leader in proprietary drilling technology and is publicly traded on the TSX, under the ticker symbol TSX:CET. The company has operations in Western Canada and the United States, thus providing strong geographic and economic diversification.
  • Cathedral effectively self-manages the property, providing a desirable and care-free investment.
  • Five 20’ overhead doors, four 5-ton overhead cranes, and three 1-ton jib-cranes, along with 277/480/600 volt 600 amp power provide great shop functioning that appeals to a multitude of tenants.
  • The Building has been well maintained since its construction in 2013, and presents an appealing frontage for visitors.

Documents and Resources

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