FOR SALEIndustrial Investment
10347 & 10357 – 276 Street
Acheson Industrial Area · Parkland County, AB
Unpriced
Offers reviewed as received
Rentable Area
20,236 SF
Buildings
3
Occupancy
100% leased
Lease Type
NNN
Overview
Industrial Investment
Three-building industrial complex, 100% leased to Hibon Inc. (Ingersoll Rand) on an absolutely net lease to 2031.
Highlights
Property Highlights
- National-calibre tenant: Hibon Inc., a division of Ingersoll Rand (NYSE: IR), operating its Western Canada rotating equipment service centre
- Secure income to 2031: absolutely net lease through Oct 31, 2031 with contracted ~2.3% annual rent escalations
- New capital recovered: $168k make-up air system (2026) fully reimbursed by the tenant at $2,005/mo additional rent
- Zero landlord leakage: tenant pays taxes, operating costs, utilities and insurance
- Year 1 NOI of $398,116, growing to approximately $434,000 by year 5
- Secure, fenced and graveled site with drive-in doors and yard access
Details
Property Details
| Building A | 14,636 SF main shop & two-storey office, drive-in doors, new make-up air system (2026) |
| Building B | 4,000 SF standalone shop, oversized overhead door, man doors and yard access |
| Building C | 1,600 SF secondary shop / warehouse |
| Tenant | Hibon Inc. — division of Ingersoll Rand |
| Lease Expiry | October 31, 2031 |
| Escalations | ~2.3% annually |
| Year 1 NOI | $398,116 |
| Indicative Value | $7.96M – $9.95M (4.0% – 5.0% cap) |
Location
Location & Market
Acheson is Parkland County’s economic hub, immediately west of Edmonton on the CANAMEX corridor: 10,000 acres of industrial land, 200+ businesses, direct access to Highways 16, 16A, 60 and 628, CN main line rail service, and 30 km to Edmonton International Airport. Edmonton regional industrial vacancy sits at 5.7% with 578,586 SF of positive net absorption in Q3 2025.
Interested in this property?
Contact Greg Condon for a tour, financials, or to make an offer.