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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
  • Unit 130
  • 2,313 SF
  • Industrial
  • $675,000 CAD ($291.83 CAD/SF)
  • $41,985 CAD
Sale Type Investment
Cap Rate 6.22%
Description
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.
Sale Notes
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.
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 &#177;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 &#177;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 &#177;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

The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
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
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

NNN Tenant Information

TENANT SF Occupied LEASE END DATE
Alberta Lawn Enforcement - August 2026
  • Listing ID: 41734457

  • Date on Market: 2026-08-13

  • Last Updated:

  • Address: 280 Portage Clos, Sherwood Park, AB T8H 2R6

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