Fairford Properties Limited Partnership
220 - 230 Hodsman Road, Regina, SK
The Millennium III Group of Companies is thrilled to announce the launch of our 54th commercial real estate project “Hodsman Group” in our home province of Saskatchewan.
Offering Memorandum Dated:
October 11, 2024
These securities are not available for investment except in jurisdictions where applicable securities laws permit them to be sold pursuant to either an Offering Memorandum or another exemption from prospectus and registration requirements of applicable securities laws. Readers who are interested in learning more or investing in the project should contact Millennium III to determine whether the jurisdiction in which they reside permits a sale of securities to them and, if so, for a copy of the Offering Memorandum for complete information about the project.
Building Details
- 24,500 Sq Ft
- 3 Buildings
- Industrial
- Zoning: IH
Property Highlights
- Convenient Access
- High Demand Area
- 6 rental units, National tenant
- 89.8% Leased
Per Unit:
$ 24,700
About Property
The property consists of 3 buildings on 2 adjoining sites and provides tenants with easy access to Ring Road, the interior freeway of Regina, via Mcdonald St. The 3 buildings are divided into 6 rental units with 24,500 Sq. Ft. of leasable space. A standalone single tenant and multi-tenant building share the 230 Hodsman Rd address. The north single tenant building is designated as 220 Hodsman Rd and currently occupied by a stable national tenant, Purolator.
About Neighbourhood
Ross industrial Park is the largest industrial park in Regina and comprised of commercial, light, medium, and heavy industrial developments. According to the Colliers Q1 2024 report Regina Industrial Market Report, Ross Industrial has a vacancy rate of 1.4%. With very little serviceable land left in the city, high construction costs, and no developers speculatively building has resulted in very little new inventory hitting the market. New builds have mainly been driven by owners-user builds resulting in higher rental rates and little to no vacancy.
Investment Documents
79
Total Units
$24,700
Investment Per Unit
$12,475
Initial Write-Off
$5,000
Targeted Net Rental Revenue After Debt Repayment
15 Year
Anticipated Mortgage Payout
Aerial Footage
Explore the aerial drone footage of our new property, capturing every detail from a breathtaking vantage point. See the prime location and other unique features that set this property apart. It’s an immersive way to experience the full potential of your next real estate investment.
Fairford Properties
Photo Gallery
Saskatchewan Highlights
Population Growth
As of July 1, 2024, Saskatchewan’s population was estimated to be 1,239,865 with an annual growth of 30,558 persons.
https://dashboard.saskatchewan.ca/people-community
Agriculture
Total agri-food exports reached over $20.2 billion. The province ranked first in Canada for per capita exports, at over double the national average, totaling $40,425.
www.sasktrade.com
Critical Minerals
Saskatchewan is the world’s largest producer of potash and second largest producer of uranium
https://dashboard.saskatchewan.ca/business-economy
Investment
In 2024, capital investment in Saskatchewan is expected to be at $19.6B, a 14.4% increase from 2023.
https://dashboard.saskatchewan.ca/
Regina Highlights
Growth
Regina is the capital of Saskatchewan and the 16th largest city in Canada with a population of 226,404.
2021 Census Profile for Regina Census Subdivision.
Agriculture
Regina is in the best position to help feed the world with more than 80% of Canada’s farmland in the surrounding area.
economicdevelopmentregina.com/sectors/agriculture/
Energy
Southern Saskatchewan is the second largest oil producer in Canada and the sixth largest in North America.
dashboard.saskatchewan.ca/business-economy
Investment
FCL $2B renewable diesel, canola-crushing plant to be built in Regina and completed by 2027.
cbc.ca/news/canada/saskatchewan/diesel-canola-plant-
regina-1.6318248
Neighbourhood Highlights
Location
Located in northeast Regina in Ross Industrial park, the largest industrial park in the city. The Ross industrial area comprises a very large area of North East Regina and is comprised of commercial and industrial lands and businesses.
High Demand
Regina’s industrial market is strong, with very little serviceable land left in the city and high construction costs continue to push rental rates further. Colliers Q1 2024 Regina Market industrial report shows Ross industrial at a vacancy rate of 1.4%.
Colliers – Q1 2024 Regina Industrial Market Report
Convenient Access
Conveniently accessed by key arterial routes of Ring Rd and McDonald St.
Mixed Use
Neighbourhood characterized by a mix of commercial and light industrial properties, with some heavy industrial. The Consumer Co-operative Refinery is also located in Ross Industrial area.
Serving investors since 1981
Partner with Professionals
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Previous Offerings:
Henley Properties
$ 24,700
- Regina, SK
- 13 Tenant Bays
- 3 Buildings
- 97 Parking Stalls
Rochdale Centre is situated in the Lakewood neighbourhood of Regina on Rochdale Boulevard.
Vinland Properties
$ 24,700
- Edmonton, AB
- 3 Tenants
- 1 Building
- 15 Grade Bays
Davies Industrial Centre is situated in the Davies Industrial West neighbourhood of Edmonton, AB.
Fairford Properties
$ 24,700
- Regina, SK
- 6 Rental Units
- 3 Buildings
- National Tenant
Hodsman Group is situated in the northeast quarter of Ross Industrial Park, Regina SK.