The 105th Street Government Building is located at #10497 51st Avenue in Edmonton, Alberta.

Information

Size: 85,522 Sq ft
Year bought: 2005
Purchase Price: CAD7.5m, approximately USD 7m
Current status: still generating income for investors

Due to the current volatility of the USD & the increasing strength of the CAD, exchange rates may vary significantly. Please check with us for the latest rate.

Notes

• Attractive, well maintained office building
• Excellent location in the Government submarket of downtown Edmonton
• History of long term tenancies
• 96% of building leased to Provincial and Municipal Government agencies
• Growth in the Government tenant sector expected to continue, which will result in increased rents
• 8 story commercial building
• 85,222 square feet of office space
• Underground parking

About Edmonton

• Edmonton is the capital city of Alberta
• Diversified local economy
• GDP of CAD44 billion+
• Well ahead of many other Canadian provinces
• Service centre for multibillion-dollar oil sands and natural gas developments
• Canada’s second largest manufacturing cluster, second only to Ontario’s Golden Triangle in manufacturing
• Strategic location in the Calgary-Edmonton corridor, the region that is leading the continent economically
• Experiencing longest period of sustained growth in past 25 years. The Conference Board of Canada ranked Edmonton number one city for growth in 2004
• A 2006 KPMG study ranked Edmonton as worlds’ number one city to do business
• Economic strength, high local disposable income, low unemployment rate and very strong housing market all bode well for local retail sector