The Daly Grove Medical Centre is located at 4205-4259 23rd Avenue in Edmonton, Alberta.

Information

Size: 33,311 Sq ft
Year bought: 2007
Purchase Price: CAD11m, approximately USD 10.2m
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

• Well maintained, attractive strip plaza with excellent exposure
• Community medical centre
• High vehicular traffic count
• Strong tenancy, including both national and local retailers such as KFC, Daly Grove Medical Leaseholds & Movie Gallery Canada, Personal care & food & beverage outlets

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, and 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