Investment group Imperial Equities Inc. has purchased a tenanted 31,215-square-foot industrial building on 5.89 acres in Vegreville, Alberta for $2.55 million, which is $200,000 below list price. The vendor is numbered company 1456253 Alberta Ltd. Broker of the deal Reed Newnham of Avison Young reports that the existing tenant is a publicly traded company – the largest independent dealer of heavy agriculture equipment in Canada – and this location is one of their 37 locations across Western Canada.
Lot Size: 5.89 acres
Property Type: Industrial
Zoning: C5 - Service Commercial District
Date of Sale: June 21, 2019
Name of Brokerage: Avison Young
Name of Vendor:1456253 Alberta Ltd.
Name of Buyer: Imperial Equities Inc.
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