Industrial property in Vegreville, AB sold for $2.55M

By
Avison Young
June 25, 2019





Avison Young 352-6425__55_ave_vegreville_004


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.

 

Price: $2,550,000

Lot Size: 5.89 acres

Property Type: Industrial

Zoning: C5 - Service Commercial District

Date of Sale: June 21, 2019

City: Vegreville

Province: Alberta    

Name of Brokerage: Avison Young

Name of Vendor:1456253 Alberta Ltd.

Name of Buyer: Imperial Equities Inc.

 

 

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Reed is an associate with Avison Young who specializes in the investment division.

Avison Young Edmonton
10104 – 103 Ave. NW
Edmonton, AB T5J 0H8
Office: 780-429-7573

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