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FOR SALE<br />
PROPERTY ADDRESS:<br />
6601 - <strong>48</strong> Avenue<br />
Camrose, Alberta<br />
PROPERTY HIGHLIGHTS:<br />
• ±129,745 square foot enclosed mall<br />
• Prominently located at junction of<br />
Highway 13 and Camrose Ring<br />
Road<br />
• Population of 17,236 (2011) and<br />
trading area of 140,000<br />
• Anchored by Smith Clinic and new<br />
Canadian Tire location<br />
6601 - <strong>48</strong> AVENUE<br />
CAMROSE, ALBERTA<br />
$5,925,000<br />
For more information, please call:<br />
Jeff McCammon<br />
Partner, Investment<br />
780.429.9352<br />
jeff .mccammon@cwedm.com<br />
INVESTMENT<br />
Tom Charlton<br />
Vice President, Investment<br />
403-261-1117<br />
tom.charlton@ca.cushwake.com<br />
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors,<br />
omissions, change of price, rental or other conditions, withdrawal without notice, and to any specifi c listing condition, imposed by our principals.
FOR SALE<br />
PROPERTY DETAILS:<br />
GENERAL INFORMATION:<br />
Address: 6601 - <strong>48</strong>th Avenue<br />
Camrose,Alberta<br />
Legal Description: Condominium Plan 0620467, Unit 2<br />
6601 - <strong>48</strong> AVENUE<br />
CAMROSE, ALBERTA<br />
Building Size: ±129,745 square feet. (Does not include separately owned Smith Clinic<br />
and Canadian Tire)<br />
Site Area : ±12.24 Acres - ±16.17 Acres - overall<br />
Parking Stalls: ±862 surface stalls - overall Cross Access & Parking Agreement<br />
STRUCTURAL:<br />
Roof: Built up asphalt and gravel on steel deck, supported by metal truss system.<br />
Foundation: Poured concrete footings<br />
Framing: Structural steel and concrete block<br />
Flooring: Poured concrete slab on compacted gravel base<br />
MECHANICAL:<br />
Heating: Roof -mounted heating and air conditioning units, unit heaters, and make-up air units.<br />
Electrical: To be determined prior to sale<br />
Hot Water: Electric and gas fi red hot water heaters<br />
Lightings: Primarily fl uorescent lighting fi xtures throughout<br />
Miscellaneous: Emergency lighting system, sprinkler system, alarm system, background music system<br />
INTERIOR CONSTRUCTION:<br />
Floor: Combination of ceramic tile, vinyl fl ooring and carpet<br />
Walls: Generally drywall partitions<br />
Ceiling: Primarily suspended acoustic tile<br />
ASKING PRICE: $5,925,000
DUGGAN MALL:<br />
OVERVIEW:<br />
Duggan Mall is the primary feature of a high profi le retail block that contains a Canadian Tire store, Smith Clinic, McDonald’s<br />
and the Norseman Inn. It is the only enclosed shopping environment in the region and as such caters to the medical, fashion and<br />
specialty retail tenants that require this type of environment. Canadian Tire has recently purchased the Zeller’s Building and will be<br />
renovating the space for its newer concept marketing programs.<br />
LOCATION:<br />
Camrose, Alberta is located approximately 80 kilometers southeast of the City of Edmonton on Highway 13. Population of<br />
Camrose is approximate 17,236 and is considered “ The Regional Centre” for east central Alberta. Camrose is a member of the<br />
Battle River Alliance for Economic Development. Duggan Mall is located at the west end of the City of Camrose in the prime retail<br />
district. This retail node serves a trade area of approximately 140,000.<br />
DESCRIPTION:<br />
An opportunity to purchase a ±129,745 square foot (±97,692 square foot net leasable area) single-level enclosed regional shopping<br />
centre anchored by Canadian Tire, The Smith Clinic (Canadian Tire and The Smith Clinic are separately titled from remainder of<br />
development), Sports Mart and a very strong independent theatre - the Magic Lantern.<br />
INCOME:<br />
Redevelopment opportunity with many tenants on fl exible leases. Existing income of ±$440,138 after deduction of costs on<br />
vacancy. Detailed information available to qualifi ed applicants upon request.<br />
FLOOR PLAN:<br />
Canadian Tire<br />
(Separate (Separate<br />
Ownership) Ownership)<br />
Smith Smith Clinic Clinic<br />
(Separate (Separate<br />
Ownership) Ownership)<br />
Subject Property<br />
Sports Sports<br />
Mart Mart<br />
Magic Magic<br />
Lantern Lantern
FOR SALE<br />
CITY OF CAMROSE<br />
ROAD MAP:<br />
80 Km. to<br />
Edmonton<br />
Subject<br />
PH: 780 420 - 1177<br />
FAX: 780 424 - 9780<br />
Suite 2300, Sun Life Place<br />
10123 - 99 Street<br />
Edmonton, AB T5J 3H1<br />
www.cwedm.com<br />
6601 - <strong>48</strong> AVENUE<br />
CAMROSE, ALBERTA<br />
For more information, please call:<br />
Jeff McCammon<br />
Partner, Investment<br />
780.429.9352<br />
jeff .mccammon@cwedm.com<br />
INVESTMENT<br />
Tom Charlton<br />
Vice President, Investment<br />
403-261-1117<br />
tom.charlton@ca.cushwake.com<br />
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors,<br />
omissions, change of price, rental or other conditions, withdrawal without notice, and to any specifi c listing condition, imposed by our principals.
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