Introducing
Vinland Properties Limited Partnership
Davies Industrial Centre, the latest project by the Millennium III Group of Companies, is a fully leased industrial property located in Edmonton, Alberta. The property features 15 grade-level bays, making it highly attractive to a wide range of industrial tenants. As the company’s 28th project in Alberta, this property is poised to take advantage of the strong demand for industrial space in Edmonton’s competitive market.
Situated in the desirable Davies Industrial West neighborhood, the property offers excellent connectivity through major roads such as 91 and 75 Streets. The area has recently seen significant infrastructure investments, including the newly constructed Davies Station, part of the $1.8 billion Valley Line expansion. These enhancements add to the neighborhood’s appeal, making it a prime location for industrial tenants and investors alike.
Edmonton, Canada’s fifth-largest municipality, is experiencing rapid population growth, with over 100,000 new residents since 2022. This growth, combined with the city’s strategic location and robust economic prospects, makes Edmonton an ideal location for industrial real estate investment. With a low city-wide industrial vacancy rate of 4% and leading GDP growth among Canadian cities in 2023, Edmonton’s market offers significant long-term growth potential.
With only 91 units available for investment in this offering, now is the perfect time to secure your stake in this promising economy. Take advantage of the chance to invest in a tax-advantaged commercial property positioned for growth. Your gateway to investing in real estate without the hassles of being a landlord begins with Millennium III.
8136 Davies Rd NW, Edmonton, AB
PROPERTY HIGHLIGHTS
- Busy mixed use industrial neighbourhood
- Convenient access
- Desirable grade level bays
- High demand area
INVESTMENT HIGHLIGHTS
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$24,700 Investment per unit
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$12,430 Initial write-off
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15 Year anticipated mortgage payout
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$5,000 Targeted net rental revenue after debt repayment
The Millennium III Advantage
The Alberta Advantage
The province of Alberta has had a solid economic recovery post pandemic and has remained near the top of the provincial leaderboard in terms of real GDP growth since 2021. The recovery has been primarily carried by strength in global energy consumption and prices as WTI crude oil prices begin to normalize between $70-80 USD per barrel.
Oil output is on pace to record its strongest year since 2018 as the Trans Mountain Pipeline expansion project will increase the system’s capacity from 300k to 890k barrels per day.
In contrast, Alberta is also at the forefront of renewable energy within the country and accounted for more than 92% of Canada’s overall growth in renewable energy and storage capacity in 2023 with projects such as the Buffalo Plains Wind Farm and the Travers Solar Project.
The Millennium III Group of Companies continues to strategically invest in the dynamic province of Alberta due to its unique strengths, diverse economy, and strong growth prospects. The province’s robust resources offer significant opportunities making it a promising area for industrial real estate investment and potential long-term growth.
Explore how you can capitalize on Alberta’s growth potential with Davies Industrial Centre. Contact us today to learn more about our investment opportunities in this thriving province.
Best regards,
Jerald Tekatch
Vice President, Sales and Marketing