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280 Portage Clos - Bldg 100 2,313 SF Industrial Condo Unit Offered at $675,000 CAD in Sherwood Park, AB T8H 2R6



Executive Summary
Clean, functional office and warehouse condo in Millennium Business Park. This ±2,313 sq ft unit offers 357 sq ft of developed office space on the main floor with work area, coffee station, and a 2 piece washroom, plus a ±342 sq ft finished mezzanine with two private offices. The mezzanine area is additional and is not included in the total square footage. The warehouse features a ±23.78 ft ceiling height to roof peak, a 14 ft x 12 ft grade loading door, radiant tube heating, modern shop lighting, and a built-in tool and storage room. Rooftop HVAC serves the office areas. Built in 2013 with steel frame and insulated metal panel construction, interior developed in 2015. IM Medium Industrial zoning permits a wide range of office, warehouse, service, and light industrial uses. Three assigned parking stalls at the front with fenced rear storage available through the complex. Minutes to Highway 16, Anthony Henday, and Baseline Road with quick access across the Edmonton region. Currently net leased to a long-term tenant at $42,000 per year with the current term expiring September 30, 2026. The tenant would love to stay, giving a purchaser a genuine choice: keep the income in place or take occupancy for your own operation. A rare opportunity in a segment with limited supply and consistent demand.
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1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.22% |
| Sale Type | Investment |
| Cap Rate | 6.22% |
Park. This ±2,313 sq ft unit offers 357 sq ft of developed office space on
the main floor with work area, coffee station, and a 2 piece washroom,
plus a ±342 sq ft finished mezzanine with two private offices. The
mezzanine area is additional and is not included in the total square
footage.
The warehouse features a ±23.78 ft ceiling height to roof peak, a 14 ft x
12 ft grade loading door, radiant tube heating, modern shop lighting, and
a built-in tool and storage room. Rooftop HVAC serves the office areas.
Built in 2013 with steel frame and insulated metal panel construction,
interior developed in 2015.
IM Medium Industrial zoning permits a wide range of office, warehouse,
service, and light industrial uses. Three assigned parking stalls at the
front with fenced rear storage available through the complex. Minutes to
Highway 16, Anthony Henday, and Baseline Road with quick access
across the Edmonton region.
Currently net leased to a long-term tenant at $42,000 per year with the
current term expiring September 30, 2026. The tenant would love to stay,
giving a purchaser a genuine choice: keep the income in place or take
occupancy for your own operation. A rare opportunity in a segment with
limited supply and consistent demand.
current term expiring September 30, 2026. The tenant would love to stay,
giving a purchaser a genuine choice: keep the income in place or take
occupancy for your own operation.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 130 | 2,313 SF | Industrial | $675,000 CAD ($291.83 CAD/SF) | $41,985 CAD |
Unit 130
| Unit Size |
| 2,313 SF |
| Condo Use |
| Industrial |
| Price |
| $675,000 CAD ($291.83 CAD/SF) |
| NOI |
| $41,985 CAD |
Unit 130
| Unit Size | 2,313 SF |
| Condo Use | Industrial |
| Price | $675,000 CAD ($291.83 CAD/SF) |
| NOI | $41,985 CAD |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| Description | |
| Clean, functional office and warehouse condo in Millennium Business<br> Park. This ±2,313 sq ft unit offers 357 sq ft of developed office space on<br> the main floor with work area, coffee station, and a 2 piece washroom,<br> plus a ±342 sq ft finished mezzanine with two private offices. The<br> mezzanine area is additional and is not included in the total square<br> footage.<br> The warehouse features a ±23.78 ft ceiling height to roof peak, a 14 ft x<br> 12 ft grade loading door, radiant tube heating, modern shop lighting, and<br> a built-in tool and storage room. Rooftop HVAC serves the office areas.<br> Built in 2013 with steel frame and insulated metal panel construction,<br> interior developed in 2015.<br> IM Medium Industrial zoning permits a wide range of office, warehouse,<br> service, and light industrial uses. Three assigned parking stalls at the<br> front with fenced rear storage available through the complex. Minutes to<br> Highway 16, Anthony Henday, and Baseline Road with quick access<br> across the Edmonton region.<br> Currently net leased to a long-term tenant at $42,000 per year with the<br> current term expiring September 30, 2026. The tenant would love to stay,<br> giving a purchaser a genuine choice: keep the income in place or take<br> occupancy for your own operation. A rare opportunity in a segment with<br> limited supply and consistent demand.</li></ul> | |
| Sale Notes | |
| Currently net leased to a long-term tenant at $42,000 per year with the<br> current term expiring September 30, 2026. The tenant would love to stay,<br> giving a purchaser a genuine choice: keep the income in place or take<br> occupancy for your own operation.</li></ul> |
Property Facts
| Total Building Size | 2,670 SF | Typical Floor Size | 2,313 SF |
| Property Type | Industrial (Condo) | Year Built | 2013 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | B | Parking Ratio | 11.24/1,000 SF |
| Floors | 2 | ||
| Zoning | IM - Moderate Industrial | ||
| Total Building Size | 2,670 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 2,313 SF |
| Year Built | 2013 |
| Tenancy | Single |
| Parking Ratio | 11.24/1,000 SF |
| Zoning | IM - Moderate Industrial |
Amenities
- Signage
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Heating - Electric
NNN Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Alberta Lawn Enforcement |
-
|
August 2026
|
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280 Portage Clos - Bldg 100
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