How many specialty properties are available for sale in Spruce Grove?

There are currently 1 specialty properties available for sale in Spruce Grove, offering a unique opportunity for businesses to establish a presence.

How big are the specialty properties available for sale in Spruce Grove?

The average size of specialty properties available for sale in Spruce Grove is about 42,000 SF. The largest specialty properties available to buy is 42,000 SF and the smallest is 42,000 SF. The size of the space youll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

Whats the cap rate for specialty properties in Spruce Grove?

The average market cap rate for specialty properties for sale is about 13.30% based on data provided in Spruce Grove. Learn more about how cap rates are calculated.

Spruce Grove Specialty Properties for Sale

More details for 27201 Township Road 532A, Parkland County, AB - Specialty for Sale

Boys with Toys - 27201 Township Road 532A

Parkland County, AB T7X 0W7

Specialty for Sale
$9,999,888 CAD
42,000 SF

Parkland County Specialty for Sale - Outlying

A Premier Investment Opportunity With 40 units, alongside extensive underground infrastructure already completed, an office and a pump house —expanding the remaining phases is seamless. The entire property has been rezoned for storage. This site has the capacity to build up to 212 storage units. A rare opportunity: A potential buyer could double their investment within 3 years. ________________________________________ Why Parkland County? • Rapidly growing demand for secure, heated storage solutions • Expanding recreational vehicle ownership in the region • Limited competition for premium indoor storage • Convenient access for residents of Edmonton, St. Albert, Spruce Grove, Stony Plain, and surrounding areas ________________________________________ Investment Highlights • 40 units completed and sold • Four-year rezoning process successfully completed, minimizing financial risk • Secure, gated facility with 24/7 fob access • On-site property manager ensuring tenant support & facility upkeep • Expansion potential for up to 212 units, maximizing future revenue growth • State-of-the-art security, including surveillance cameras, fencing, and controlled entry • Fully serviced land with underground infrastructure in place for future development ________________________________________ Individual Unit Details • Dimensions: 50 FT x 20 FT • Size: 1,000 SQ FT • Ceiling Height: 18 Feet • Door Size: 14 FT Wide, 16 FT High • Current Purchase Price: $199,988 (+GST) • Current Rental Rate: $1,350/Month • Condo Fees: $148/Month • Property Taxes: $1,250/Year • Utilities: Individually Metered & Billed ________________________________________ Meeting the Demand for Storage As outdoor recreation continues to grow, more people are investing in vehicles and equipment for adventure. However, space limitations in cities like Spruce Grove and towns like Stony Plain create a need for secure, heated storage. Boys with Toys Storage meets this demand by providing fully enclosed, high-quality storage bays for boats, commercial vehicles, trailers, RVs, cars, dirt bikes, quads, snowmobiles, and more. Our facility ensures that every toy is protected in a safe, secure, and climate-controlled environment. ________________________________________ Facility Features • Modern Construction: Steel-frame buildings on concrete pads with durable metal exteriors • Premium Interior Finish: Drywalled, painted, and equipped with LED lighting • Temperature Control: Forced-air heaters in every unit • Easy Access: Drive-through doors (16 FT high x 14 FT wide) with remote control openers • Secure Entry: 24/7 fob access system for owners • Convenient Amenities: On-site office, common washroom with water/sewer, and handicap parking • Professional Maintenance: Snow removal, landscaping, and property upkeep included • Full-Time On-Site Property Manager to handle tenant concerns and maintenance needs ________________________________________ Financial Overview Projected Revenue Growth: • Phase One Full Occupancy Revenue: 40 units successfully marketed and sold by summer of 2025 • Expansion Potential: 172 additional units can be developed quickly with existing infrastructure Investment Potential: • Low risk: Fully paid land with no rezoning delays and a development permit in place for the next 4 years. • High return: Doubling potential within 3 years • Growing demand: Secure storage market is expanding rapidly in Alberta ________________________________________ Financial Breakdown Sales Model: • Total investment to date: $10,500,000 • Projected profit after completing and selling 152 remaining units, plus 20 loft style units: $17,500,000 • Full project sale price: $9,999,888.00 If an investor wanted to build and lease 50x20 units, they would generate an approximate cap rate of 13.3%.