A new industrial building just outside of Calgary’s southeast is being built to target a market that is in short supply but high demand.
Resland Development Group is building a 12,335-square-foot industrial facility on 2.5 acres in the Fulton Industrial Park, located in Rocky View County near Indus.
The building, which will be available by December, is being listed for sale at $3.99 million or for a net lease rate of $16.50 per square foot.
“There are single-use facilities always available in the market but most of the time they’re older buildings with dysfunctional loading or small door sizes or challenged yards,” said Jon Mook, executive vice-president, specializing in industrial leasing and sales with Barclay Street Real Estate, which is marketing the property.
“This building is meeting all the needs of users today, especially those that require a larger yard. We’ve positioned the building so you can maximize the yard and have more than one access point so you can flow in and out while still maximizing storage area and having large enough doors that can accommodate, in our experience, almost any service company and their equipment or vehicles and ceiling heights that can also address the need for a crane.”
Mook said that a building like this is very hard to find because it has all the attributes of newer construction that older buildings lack.
Fulton Industrial Park is located on Highway 22x, just eight minutes east of the Stoney Trail Ring Road. It has quick and easy access to main roadways in Calgary such as Glenmore Trail and Deerfoot Trail.
The development features 11.5-metre wide paved internal roads with concrete curb and gutter design (no roadside ditches). Lots are rough graded with electricity, gas and fibre optic communication along all internal roads. Storm water discharge is permitted from lots into an underground collection trunk in the roadway.
Because Fulton is located in Rocky View County, there are no business taxes and significantly lower property taxes compared to the City of Calgary as well as no municipal franchise fees added to utilities. Resland Development Group says businesses can save over 50 per cent on operating costs versus a comparable facility in the City of Calgary.
“We set out to offer a functional industrial property of a calibre that you would see in the City, but offer value that could not be replicated in the City,” said Brad Chorley, a partner in Resland. “We spent a lot of time at the front end working with our industrial brokers, designers and directly with a number of owners of industrial businesses to come up with a design that would be highly functional and meet the needs of a wide variety of industrial users.
“A big advantage of the property compared to what you might find in the City is the oversized yard relative to the building. This allows for significant outdoor storage, processes and/or equipment parking. The drive-through bays and dual access points to the yard also offer something unique. There is excellent maneuverability for large vehicles or equipment around the entire property.”
Chorley said the fibre optic connection to the building can meet the data requirements of any business and is a competitive advantage compared to other locations.
“We tried to walk the line of building a product that hit an accessible price point while ensuring the property is of a quality that we would be happy to own and lease it for the long term,” he said.
“The bay lengths were stretched to 116 feet so that large trucks and/or equipment can be parked in tandem in each bay, effectively doubling the amount of equipment that can be kept indoors at one time in these bays.”