Parsons Place is located at #3408 99th Street in Edmonton, Alberta.

Information

Size: 32,271 Sq ft
Year bought: 2007
Purchase Price: CAD7.9m, approximately USD7.3m
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

• Multi-tenant strip plaza
• 29,906 Sq Ft of leasable space
• Excellent exposure on primary commercial arterial roadway with high vehicular traffic count
• 100% occupancy
• Strong tenancy includes Blockbuster & Tim Horton’s
• Well maintained, attractive strip plaza
• Close proximity to Edmonton and downtown core

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