How industrial condo ownership in Airdrie can bring many financial rewards
Alex Frazer-Harrison, (CALGARY HERALD) — A pair of industrial condo developments in Airdrie offer business owners a cost-effective solution to property ownership.
At two of Beedie’s new and move-in ready industrial developments in Airdrie, businesses can purchase their units and realize the substantial benefit of ownership versus the traditional lease model for this type of real estate.
Summit Business Centre and High North Business Centre, both located on Highland Park Green, just off the QE II Highway, provide a rare opportunity to own state-of-the-art industrial warehouse and office space in one of Alberta’s fastest-growing cities on the coveted Calgary-Edmonton commercial corridor.
“The obvious benefit for buying is the equity component,” says Jorden Dawson, director of industrial development for Beedie, which developed the properties, adding owners can build substantial equity over the life cycle of their business by buying rather than leasing. “And when they install specialized equipment or make improvements, they own those assets.”
Airdrie’s non-existent business tax, strong workforce and easy access to Calgary have attracted many businesses to this city of more than 70,000.
Since moving into High North Business Centre almost three years ago, Darcy Richards’ business, Perfect Surfaces, has thrived, leading him to recently buy a second unit next door.
“We’ve looked at many other locations over the years, but can’t find the same quality construction at the same price.”
“This was a win-win for us,” says the company president. “We’ve looked at many other locations over the years, but can’t find the same quality construction at the same price.”
Perfect Surfaces provides specialty flooring for everything from gyms and schools to veterinary clinics, and Richards says High North’s location close to the highway is perfect as he ships his product coast-to-coast and works with contractors. He also cites Airdrie’s lack of business tax, low traffic and strong employee talent pool as major selling features.
Available units range from just over 6,500 square feet to more than 9,000 square feet, including mezzanine, at Summit. At High North across the street, a few single-level units remain, ranging from 5,626 to 6,258 square feet.
Features common to both buildings include pre-cast concrete construction, efficient 26-foot clear ceilings and ESFR sprinkler systems. Dock and at-grade loading is available and, best of all, with complete and custom layout options available, turnkey possession is possible.
Prices start as low as the $920,000s.
There may not be a better time to buy, Beedie is helping businesses get a head start with its $0 Down Alberta Industrial Ownership Program. Business owners can purchase a new warehouse space at market lending rates and immediately start building equity in the property.
“Groups can see the advantages of ownership without having to make an upfront financial commitment in terms of a big down payment,” says Dawson. “They can take that 30 to 40 per cent down payment and utilize that towards building their business or improvement of the space. It’s an advantageous way to step into ownership.”
Beedie is a respected name in Western Canadian industrial and residential development dating back to 1954.
“A big focus for us is making sure our customers are first and foremost,” says Dawson. “We spend a lot of time with our clients, keeping the purchase process and relationship as amicable as possible. We’ll go out of our way to stand behind our buildings, and we recognize how important our customers are to our success. We build with the end purchaser in mind.”
For more information about Airdrie’s Summit Business Centre and High North Business Centre, call 403-724-4627, or visit beedie.ca/industrial-real-estate/summit-business-centre-for-sale-airdrie.
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