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New Park Place 5201 44 St 40,874 SF 100% Leased Industrial Building Bonnyville, AB T9N 1B1 $4,800,000 CAD ($117.43 CAD/SF) 8.09% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased, strong tenancy
EXECUTIVE SUMMARY
New Park Place is a fully leased, multi-tenanted suburban office building. The 40,874 SF building sits on a 2.67-acre site and is occupied by four tenants with staggered lease expiries through 2028–2029. The property generates stable rental income from a strong, diversified tenant base that includes provincial government agencies and a major energy company.
In 2025 New Park Place is projected to deliver gross rents of $1.023M, with base rent $440K and operating cost recoveries $583K. After a 5% vacancy and structural allowance, net operating income (NOI) is $388K, yielding a Cap Rate of 8.09% on the $4.8M asking price.
In 2025 New Park Place is projected to deliver gross rents of $1.023M, with base rent $440K and operating cost recoveries $583K. After a 5% vacancy and structural allowance, net operating income (NOI) is $388K, yielding a Cap Rate of 8.09% on the $4.8M asking price.
PROPERTY FACTS
| Price | $4,800,000 CAD | Lot Size | 2.67 AC |
| Price Per SF | $117.43 CAD | Rentable Building Area | 40,874 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8.09% | Year Built | 1979 |
| Property Type | Industrial |
| Price | $4,800,000 CAD |
| Price Per SF | $117.43 CAD |
| Sale Type | Investment |
| Cap Rate | 8.09% |
| Property Type | Industrial |
| Lot Size | 2.67 AC |
| Rentable Building Area | 40,874 SF |
| No. Stories | 2 |
| Year Built | 1979 |
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New Park Place | 5201 44 St
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