The Millennium III Group of Companies is thrilled to announce the launch of our 55th commercial real estate project “Solomon Industrial Centre” in our home province of Saskatchewan.
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
- 21,000 sq ft (Leasable)
- Multi Tenant Small Bay
- Industrial
- Zoning: IH
- Built in 2019
Property Highlights
- Convenient Access
- High Demand Area
- 16 Tenant Bays
- 100% Leased
- Grade Level
Per Unit:
$ 24,700
About Property
Solomon Industrial Centre is a modern, multi-tenant small bay facility with 21,000 sq. ft. of leasable space across 16 bays. Ideally located with direct access to Ring Road in northeast Regina, the property is well-suited for a diverse tenant mix, including contractors, manufacturers, logistics firms, and small businesses. Its strategic location, flexible open layouts, and broad leasing appeal provide investors with greater cash flow protection across varying market cycles, with no single tenant driving the property’s performance.
About Neighbourhood
Solomon Industrial Centre is located in Regina’s Ross Industrial Park, one of the city’s most established industrial neighbourhoods. According to Colliers’ Q1 2025 Regina Industrial Market Report, Ross Industrial is experiencing high demand with a low vacancy rate of just 2.4%. With very limited serviceable land remaining within city limits, most new developments are either pre-leased or owner-occupied builds exceeding 100,000 sq. ft. The market’s position of high demand and low inventory is expected to persist and drive rental rates further.
Investment Documents
87
Total Units
$24,700
Investment Per Unit
$11,670
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.
McKay Properties LP
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
Trade & Exports
In 2024, Saskatchewan achieved its third-highest export year on record, with a total export value of $45.4 billion to 161 countries.
https://www.saskatchewan.ca/-/media/news-release-
backgrounders/2025/may/state-of-trade-2024-4577.pdf
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
Housing
In early 2025, Regina became the most affordable city to buy a house in Canada with Saskatoon very close behind.
RBC Affordability Measures Q1 2025, RBC Economics
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
BHP’s $14 billion investment in its nearby Jansen potash project. Production expected to begin in late 2026.
www.bhp.com
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 2025 Regina Market industrial report shows Ross industrial at a vacancy rate of 2.4%.
Colliers – Q1 2025 Regina Industrial Market Report
Convenient Access
Conveniently accessed by key arterial routes of Ring Rd.
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.
Let’s connect
Partner with Professionals
Whether you’re exploring investment opportunities or just want to learn more, we’re here to help. Schedule a quick introduction call and see how we can align with your financial goals.