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Nisku industrial shop in demand

Sale price works out to $1 million an acre
Infini Familgia Inc. sold this 15,941 s.f. shop on 4.24 acres in Nisku for $4.2 million in November amid strong demand for industrial properties.

DEAL | AICRE Commercial represented Infini Familglia Inc. in the sale of a 15,941 s.f. shop on 4.24 acres at 608 19 Avenue Nisku to 2435775 Alberta Ltd. The sale, which closed on Nov. 22, was among several free-standing properties AICRE sold throughout 2022, reflecting strong demand in the market. The sale price of $4.2 million was only slightly below the list price of $4.4 million. With a shortage of product, expanding local businesses and new entrants to the Nisku market from South and West Edmonton have few options.

PRICE | $4.2 million

FROM | AICRE Commercial, Edmonton. Broker: Jim McKinnon