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
- 29,017 Sq Ft
- 15 Grade Bays
- Industrial
- Zoning: IM
Property Highlights
- Convenient Access
- High Demand Area
- Walking Distance to Davies Station
- Fully Leased
Per Unit:
$ 24,700
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.
Investment Documents
91
Total Units
$24,700
Investment Per Unit
$12,430
Initial Write-Off
$5,000
Targeted Net Rental Revenue After Debt Repayment
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
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Previous Offerings:
Bedford Properties
$ 24,700
- Regina, SK
- 4 Tenant Bays
- 2 Buildings
- 14 Trailer Stalls
Herald Place is situated in the northeast quarter of Ross Industrial Park, Regina SK.
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.