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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) 9.16% Cap Rate
Investment Highlights
- Fully leased, strong tenancy.
- Situated on 2.67 acres.
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. This property yields a cap rate of 9.16%, based on the 2025 NOI of $439,582.
In 2025 New Park Place is projected to deliver gross rents of $1.023M, with base rent $440K and operating cost recoveries $583K. This property yields a cap rate of 9.16%, based on the 2025 NOI of $439,582.
Property Facts
| Price | $4,800,000 CAD | Building Class | C |
| Price Per SF | $117.43 CAD | Lot Size | 2.67 AC |
| Sale Type | Investment | Rentable Building Area | 40,874 SF |
| Cap Rate | 9.16% | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1979 |
| Price | $4,800,000 CAD |
| Price Per SF | $117.43 CAD |
| Sale Type | Investment |
| Cap Rate | 9.16% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 2.67 AC |
| Rentable Building Area | 40,874 SF |
| No. Stories | 2 |
| Year Built | 1979 |
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Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
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New Park Place | 5201 44 St
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