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Lethbridge multi-tenant industrial asset sells for $100 psf

Vendor financing facilitated the sale in a tight market
A rare multi-tenant industrial facility at 2525 36 Street North, Lethbridge, sold Jan. 8 for nearly $4.4 million.

DEAL | A rare opportunity to acquire industrial space in the tight Lethbridge market saw Innisfail, Alta.- based Brookstone Investment Corp. pay $4,375,000 for 2525 36 Street North on Jan. 8. A former dairy plant previously owned by a consortium of 11 investors, this multi-tenant industrial facility consists of 43,966 square feet on 5.6 acres. Vendor financing facilitated the deal, which worked out to $100 per square foot.

PRICE | $4,375,000

FROM | Josh Marti, Avison Young