Vinland Properties Limited Partnership

8136 Davies Road NW, Edmonton, AB

The Millennium III Group of Companies is thrilled to announce the launch of our 28th commercial real estate project “Davies Industrial Centre” in the dynamic province of Alberta.

Offering Memorandum Dated:

July 31, 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
Property Highlights

Per Unit:

$ 24,700

Subscription Level:
Subscribed 87%
About Property

This fully leased, single-story industrial complex in Southeast Edmonton’s high-demand Davies Industrial West area comprises 15 grade-level bays with mixed-use, medium industrial zoning. The property benefits from excellent access to major roadways and public transit, alongside large infrastructure investments in the neighborhood.

About Neighbourhood

This area in southeast Edmonton is a hub of industrial and commercial activity, featuring warehouses and manufacturing facilities. It benefits from major transport routes and the newly completed Davies Transit Centre, part of the $1.8 billion Valley Line Southeast LRT expansion, which enhances public transportation for local employees.

offer-(1)

91

Total Units

money

$24,700

Investment Per Unit

tax

$12,430

Initial Write-Off

revenue

$5,000

Targeted Net Rental Revenue After Debt Repayment

real-estate

15 Year

Anticipated Mortgage Payout

Aerial Footage

Explore the stunning aerial drone footage of our new property, capturing every detail from a breathtaking vantage point. See the prime location, Davies Station, 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.

Vinland Properties

Photo Gallery

Alberta Highlights

Population Growth

In the 12 months preceding April 1, 2024, the province’s population expanded by 204,677 people, or 4.41%. (The highest year-over-year growth rate since 1981.)

www.alberta.ca/population-statistics

Agriculture

Alberta has the second largest total farm area in the country (behind Saskatchewan), making up 32% of Canada’s Total with a total farm area of 49.2M acres.

Statistics Canada, Census of Agriculture, 2021

Oil & Gas

$30.9B Trans Mountain Pipeline expansion project completed construction and went into commercial operation on May 1, 2024.

www.transmountain.com

Renewables

Alberta accounted for more than 92% of Canada’s overall growth in renewable energy and energy storage capacity in 2023.

www.renewablesassociation.ca

Edmonton Highlights

Economic Growth

Projected 2.9% growth rate in 2023, Edmonton is anticipated to lead GDP growth among all Canadian cities. Anticipated to average 2.7% in growth from 2024-27.

www.edmontonglobal.ca

Population Growth

More than 100,000 people have moved to Edmonton since 2022. The City of Edmonton’s forecast anticipates almost 1.7M residents in the region within four years.

www.edmonton.ca/city_government/facts_figures

Regional Activity

At nearly 40%, the majority of all major construction projects in the province are situated in the Edmonton Region as of Jan 2024.

www.edmontonglobal.ca

Major Projects

Dow’s $8.9B polyethylene manufacturing facility

Air products $1.6B net-zero hydrogen complex

www.majorprojects.alberta.ca

Neighbourhood Highlights

Davies Station

The recent completion of the $1.8 billion Valley Line Southeast LRT expansion nearby represents a massive commitment to improving local amenities and access to public transit for businesses in the vicinity.

www.edmonton.ca/projects_plans/transit/lrt-construction-update

High Demand

Edmonton’s industrial market is strong, with low vacancy rates around 4% in the southeast region, making the neighbourhood very attractive for landlords and investors alike.

Colliers – Q1 2024 Edmonton Industrial Market Report

Convenient Access

Located in southeast Edmonton. Conveniently accessed by key arterial routes of 91 and 75 Streets.

Mixed Use

The Davies Industrial West is a busy commercial area with a well-balanced mix of light industrial and retail uses.

Serving investors since 1981

Partner with Professionals

Elevate your real estate portfolio to new heights by partnering with professionals. We welcome you to join us on our newest syndication. Schedule your personal or group webinar today!

Schedule a Webinar

Previous Offerings:

Bedford Properties

$ 24,700

Herald Place is situated in the northeast quarter of Ross Industrial Park, Regina SK.

Henley Properties

$ 24,700

Rochdale Centre is situated in the Lakewood neighbourhood of Regina on Rochdale Boulevard.

Vinland Properties

$ 24,700

Davies Industrial Centre is situated in the Davies Industrial West neighbourhood of Edmonton, AB.