Freedstanding BGE Building 2 biens | Edmonton, AB

CBRE Limited (“CBRE” or the “Advisor”), on behalf of Artisan Industrial General Partner Corp. (the “Vendor”), is pleased to present the opportunity to acquire a 100% freehold interest in an industrial facility situated on an irreplaceable 2.93 acre parcel of land in south central Edmonton (the “Property”, “Facility” or“Offering”). The Offering comprises two freestanding buildings including a distribution warehouse and a manufacturing facility, combined for 69,444 SF with an additional ±25,000 SF of mezzanine area that is not included in rentable area.
BGE Indoor Air Quality Solutions (“BGE”) has been a tenant in the property since original building construction. BGE is a leading manufacturer and supplier of quality air filtration products with seven locations across Canada. Over time, BGE has expanded their presence in the Facility and now lease the entire asset, which serves as their corporate headquarters and manufacturing hub. BGE has 5.2 years of lease term left, and the lease provides for 3% annual rental escalations. Previously a small-bay building, many of the demising walls are still present, providing for future redevelopment potential.
The Offering provides an attractive blend of lease term, contractual income growth, location scarcity, and exposure to Edmonton’s industrial market and nation-leading demographics. The Property has attractive in-place financing that can be assumed, but is also available free and clear of financing if desired.
OFFERING PROCESS- There is no set bid date. Offers are encouraged immediately, as the vendor is ready to respond to qualified parties.