A new industrial condo centre in Campbell Business Park is slated ‘one of the best buildings ever built in St. Albert,’ said Matthew Best with commercial realtor Colliers International, and a perfect fit for businesses that want to be owners.
Carleton Business Centre, located at 190 Carleton Drive (beside the new Canada Post distribution centre) offers 14 by 16 grade loading doors, fenced outside storage and six-inch concrete pour that allows for bridge cranes in each bay.
“Just esthetically it’s a well designed building. Not to mention that there aren’t any bays in the city of St. Albert of 3,500 square feet that are for purchase that offer all of these features,” Best said.
The centre offers industrial condo bays for purchase. Sizes vary from about 3,200 to 4,000 square feet in size and cost between $578,000 and $705,000.
Best said six bays have already sold with businesses expected to move in early September. Local company Access Plumbing & Heating bought one property, while another bay is expected to house a major car rental agency. Most of the businesses will be construction related but Best said there will also be one selling electrical supplies.
“The majority of the building will be owners. That being said we do have some investors that purchased some bays and then they are using them for investment reasons,” Best said. “They have tenants going in there.”
The 49,600 square foot building also comes with more parking space than other buildings in the area. Best said industrial buildings are often designed with a lower parking ratio. If the business decides to expand new employees are often forced to park on the street.
As a result, Best said that Colliers discussed advanced parking options with the developer previous to construction starting.
“We identified that Campbell Business Park has a great opportunity to build something there that’s not available,” he said. “And we were fortunate enough that this developer and group of investors shared the same belief and confidence in the St. Albert market as we did.”
