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Private investor buys Edmonton industrial portfolio for $18 million

Southside Industrial package includes five buildings totaling more than 200,000 square feet with 82 per cent occupancy.
CBRE Ltd., Edmonton, for Western Investor
Edmonton ind portfolio
CBRE Ltd., Edmonton, for Western Investor

Property type: Industrial portfolio

Locations: 4704 97 Street (2 buildings), 2311 96 Street, 9471 49 Street and 9527 49 Street, Edmonton.

Number of tenants: 17

Number of buildings: 5

Building size: 202,271 square feet (total)

Zoning:  Industrial

Price: $18 million

Vendor: 318470 Canada Inc. (Manulife)

Buyer: Local investor

Brokerage: CBRE Ltd., Edmonton.

Brokers: Thomas Chibri, Grant Larmour, Curtis Palmer, Gwen Wilkinson, Dave Young (managing director) and Joseph Zapernick.