Last Updated: April 2026Investor Login
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FOR LEASE

412 Liberty Avenue

Gasoline Alley West — Red Deer County, AB

Prominent freestanding industrial building in Gasoline Alley West — ideal for warehousing, logistics, or industrial operations.

144,515 SF
Total Facility
$12.00 PSF
Lease Rate
18'–21'
Ceiling Height
Immediate
Possession
Exciting Update

Flex Industrial Transformation Underway

The south-facing facade is being upgraded with modern flex industrial storefronts, enhancing visibility and curb appeal for tenants and their customers.

Flex Industrial Transformation — elevation drawing
Property Overview

Property Overview & Details

Located adjacent to Costco in one of Central Alberta's most active commercial corridors, this is a rare opportunity to lease functional, high-exposure industrial and office space in Gasoline Alley West.

A 144,515 square foot standalone industrial facility spanning 6.99 acres is currently offered exclusively for lease. Situated on a highly visible, fully paved corner site, it provides superior connectivity to major routes including the QEII Highway, Leva Avenue, Highway 2A, and McKenzie Road.

The facility features dock-high loading bays, a shared common yard area, and generous on-site parking. With C2 General Commercial District zoning, it accommodates a broad range of commercial and industrial activities.

412 Liberty Avenue exterior

Property Specifications

LocationGasoline Alley West
Legal DescriptionPlan 0420838, Block 3, Lot 6
ZoningC2 — General Commercial District
Unit Sizes4,199 SF – 62,025 SF
Lease Rate$12.00 PSF
Additional Rent$4.00 PSF (est.) — Utilities included
Ceiling Height18' – 21' Clear
LightingFluorescent
HVACMake-up Air
SprinkleredYes
LoadingDrive-in Doors (sizes to be confirmed)
PossessionImmediate
Available Units

Flexible Unit Configurations

The available portion consists of flexible open warehouse space, easily adaptable and prepared for subdivision into smaller tenancies.

Main Floor Industrial Bays

PROPOSED LAYOUTS

Unit 104
Available as of July 1, 2026
11,711 SF
Unit 107
Includes a loading dock & garage door
16,707 SF
Unit 108
16,707 SF
Unit 110
11,679 SF
Unit 112
Includes a loading dock and grade level door
16,933 SF

Second Floor Office Space

Unit 203
4,199 SF

Total Facility

Total Area
144,515 SF
Site Area
6.99 Acres
Total Units
6 Units
Zoning
C2 Commercial
Floor Plan

Potential Demising Plan

Flexible demising available for multi-tenant use. Units range from 4,199 SF to 62,025 SF across the main and second floor.

Potential Demising Plan — flexible multi-tenant floor plan

Conceptual floor plan — flexible demising available for multi-tenant configurations

Interior Views

Flexible Warehouse & Office Spaces

Conceptual rendering of proposed south-side renovations

Conceptual rendering — proposed south-side flex industrial storefront

Dock-High Loading

Multiple dock-high loading bays for efficient logistics operations

Ample Parking

Generous on-site parking with fully paved corner site

Sprinklered

Fully sprinklered facility for enhanced safety and insurance compliance

Make-up Air HVAC

Industrial make-up air system for climate control in warehouse spaces

Prime Location

Prime Location in Gasoline Alley West

Adjacent to Costco and major highways, this highly visible corner site provides superior connectivity to QEII Highway, Leva Avenue, Highway 2A, and McKenzie Road — perfectly suited for warehousing, distribution, and logistics operations.

Nearby Amenities & Access

Costco Wholesale
Cineplex
Staples
Toyota Dealership
UFA Farm & Ranch
Shell / McDonald's
QEII Highway
Highway 2A

412 Liberty Avenue

Gasoline Alley West, Red Deer County

Get In Touch

Schedule a Tour or Request Information

Interested in leasing space at 412 Liberty Avenue? Contact our leasing team to schedule a property tour or receive our full brochure with detailed floor plans.

Jennifer Clark
InvestPlus Real Estate Investment Trust

Inquire About This Property

Fill out the form below and our leasing team will be in touch shortly.

Disclaimer: This communication is meant to help you learn about industrial real estate, the philosophy InvestPlus REIT uses to acquire buildings, and the criteria we apply when evaluating opportunities. It is for information purposes only and is not, and under no circumstances should be construed as, an invitation to make an investment in InvestPlus REIT. A few things you should know: investing in InvestPlus REIT Units involves risk. There is currently no secondary market through which the Units may be sold, and no assurance one will develop. A return on an investment in REIT Units is not comparable to a return on a fixed-income security. The recovery of an initial investment is at risk, and any anticipated return is based on a number of performance assumptions. While InvestPlus REIT intends to make regular distributions of available cash to Unit holders, those distributions may be reduced or suspended. For more information about InvestPlus REIT, please review our Offering Memorandum.