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Alberta's growing population drives $16.5M self-storage deal

Two acres of Sherwood Park site available for future expansion
70-broadview-road-sherwood-park
This five-year-old self-storage facility on five acres in Sherwood Park, Alberta, achieved its list price of $16.5 million when it sold Nov. 30, 2023.

DEAL | Completed in 2018, this 54,677-square-foot Pockit Self Storage facility sits on five acres in Sherwood Park, the second most affluent neighborhood in Alberta. Two acres are available for future expansion. The facility has enjoyed steady occupancy since opening, and constitutes an investment-grade asset with both in-place revenue and tremendous future upside potential. The sale closed Nov. 30, with the industrial-zoned property achieving its list price of $16.5 million.

PRICE | $16,500,000

FROM | Phil Gibbons, Colliers International