Tag Archive for: Red Deer

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InvestPlus Acquires Another 25,000 SF

InvestPlus REIT is excited to announce the addition of a 25,650 sq ft commercial building to its portfolio for $4,800,000 at an existing cap rate 7.1%. Clearview239 is located in Clearview Industrial Park, a newer development on the south side of Red Deer with easy access to Red Deer, Gasoline Alley and QEII Highway. The acquisition was closed on December 2nd 2021 and marks another milestone within the InvestPlus portfolio — bringing the overall commercial space under management to more than 275,000 sq ft bringing the Assets Under Management (AUM) to $70 Million. We continue to further our footprint in the Industrial Space and adding assets with strong tenant covenants. The tenant is a manufacture of gas manifolds for the natural gas market in north eastern BC. The tenant has signed a 7-year lease with step rents. A great tenant with a strong covenant and business.

We have also been successful in having one of the Chartered Banks, National Bank, provide us financing for this great building. We have been able to secure financing with NB for a five-year term at a rate of 3.5%. These rates and terms from a Chartered Bank allow InvestPlus REIT to provide their unitholders with the security of having a long-term fixed mortgage, providing predictable revenue to the Trust. Furthermore, having National Bank as our lender further confirms the steps we are taking as a trust to grow and acquire accretive properties like Clearview239 is a step in the right direction. We are excited to work with National Bank and look forward to furthering our relationship with them in the future.

The Clearview239 building is projected to be accretive by an average of more than $140,000/year after unit-holder distribution for the term of the lease. This accretiveness will help sustain our distributions and help push our unit value up. The acquisition of this building also pushes our overall assets under management to $70M bringing our growth for 2021 up by 40% since December 2020.

We will continue to target strong-tenanted buildings in Western Canada that will not only provide us the performance and returns we are looking to achieve for our unit-holders but also assets and tenants that can and are weathering the storm in these tumultuous times. Please look forward to our next acquisition announcement, coming to you soon.

InvestPlus Real Estate Investment Trust (IP REIT) is a private real estate investment fund, based in Calgary, Alberta. IP REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership and management of commercial and residential properties in primary and secondary markets in western Canada. Management has transacted more than $150,000,000 in buildings in the provinces of BC, Alberta and Saskatchewan. The current portfolio is appraised at more than $70,000,000 and comprised of 101 rental units and more than 275,000 square feet of rentable area.

With more than 50% of our unitholders using their RRSP to invest in our Trust, find out more about our up and coming webinars where we will discuss how you too can use your registered funds or cash to invest in private commercial and residential real estate in western Canada.

Schedule a discovery call with InvestPlus REIT today.

Click HERE to find out more about InvestPlus REIT’s Current Offering Memorandum.

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Gaetz Professional Sublease

Gaetz Professional Sublease. InvestPlus Reit has an amazing property listed in their Commercial Portfolio.

The Gaetz Professional, situated at 5018 45th Street, Red Deer, Alberta, is part of a Medical Retail Centre: (12,870.00 Sq-Ft) and is the perfect location for the following Businesses.

  • Medical Practitioners

 

  • Pharmacy Owners

 

  • Medi-Spa Business

 

  • Massage Therapist

 

  • Chiropractors

 

  • Wellness Centers
Gaetz Professional Sublease

5018 45th Street, Red Deer, AB Purchased January 2020 Medical Retail Centre: 12,870.00 Sq-Ft

 

The property is a turnkey retail and medical opportunity for the right business.

With aggressive market rates and affordable operating cost’s. This property is offered on a 5-to-10-year lease and it also has ample surface parking. This property is well located on Gaetz avenue, with great exposure to high traffic areas and a top Pylon signage position, which will ensure high visibility.

InvestPlus? Learn more about the InvestPlus Reit.

InvestPlus Real Estate Investment Trust (IP REIT) is a private real estate investment fund, based in Calgary, Alberta. The REIT provides an opportunity to invest in a diversified portfolio of multi-unit residential apartment and commercial buildings in western Canada.

Their mandate is to provide investors with the most attractive, well structured, and ethical real estate investment in Canada. Their track record proves their method. Management has transacted over $100,000,000 in buildings comprising of 23 commercial and multifamily buildings.

Why InvestPlus?

It starts with economic fundamentals. Economic fundamentals tell us if jobs are being created in a specific market. By knowing where GDP growth is, which begins with investment dollars invested by companies or government, there is a good chance that jobs will be created.

As jobs are created, population growth increases in that geographical area which increases demand for rentals/housing. The increase in rental values increases building values.

The same applies to commercial assets. New businesses migrate to those areas and existing business are flourishing because of the increased demand.

  • Find a Deal that adds value to our company
  • Manage it efficiently
  • Reap its added value to pass along our unitholders

Combine this knowledge and timing with the ability to buy apartment and commercial properties. Now have a recipe that will see the value of those assets increase due to both the management’s value creation and market upswing.

While a simple concept, it is a learned skill from experience in transacting over $100 million in assets over 16 years and riding through three economic cycle, both up and down.

Let us be clear – we do not buy “western Canadian” real estate!

We buy assets in specific geographical locations that are in western Canada that shows signs of a growing economy, job growth and growing population.

We trust you found this article about “Gaetz Professional Sublease” intriguing and if you want to learn more about our Portfolio, this property, or this amazing opportunity in Red Deer, then reach out to.

JENNIFER CLARK – LEASING AND PROPERTY MANAGER

Click HERE!

C: (403) 200 – 9264

E: jclark@invest-plus-properties.wp41.staging-site.io

W: www.investplusproperties.com

Corporate Strategy | Our Portfolio | Current Offering

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