The Salvation Army Divisional Headquarters

The Salvation Army

Redevelopment Opportunity

9629 102 Avenue , AB PRESENTING THE ASSET

The Salvation Cushman & Wakefield Edmonton has been retained by The Salvation Army to Army market the sale of The Salvation Army Divisional Headquarters (“the Property”) and associated parking lot, municipally described as 9616 – 9632 101A Avenue, Edmonton, .

The Salvation Army Divisional Headquarters presents an excellent owner-user opportunity to acquire 32,448 square feet of developed office/warehouse space in one of Edmonton’s fastest up-and-coming development areas. The Property consists of a two-storey office/warehouse property situated on 0.46 acres of land plus an additional parking lot consisting of 0.19 acres of land located in the Heritage Quarters area of Edmonton, Alberta

The Salvation Army Divisional Headquarters provides a rare opportunity for an owner-user to acquire a great office/warehouse building, located in a prominent downtown location and with long term redevelopment opportunities.

2 PROPERTY OVERVIEW Originally constructed in 1984, the Property is comprised of a 32,448 square foot two storey commercial office/warehouse building situated on a 20,170 square foot parcel of land. In addition, the associated parking lot consists of two separately titled vacant parcels totaling 8,069 square feet of land. In total, the Property site area consists of 28,239 square feet of DC1 – Direct Development Control – Heritage Quarter (Area 2) zoned land.

Vehicular access and egress is excellent with two dual directional entrances into the property from and 97th Street. There is abundant parking at the Property provided by 39 lined parking stalls

ValleyLRT Line The Salvation Army Divisional Headquarters offers an attractive location for your business.

3 KEY FEATURES 9616 101A Avenue (The Office Building)

Property Type Office/Warehouse

Legal Description Plan ND, Block 3, Lot 42 - 48

Building Size 32,448 SF

Site Size 20,170 SF (0.46 Acres)

Site properties Rectangular in shape, two story office/warehouse

Loading Doors (1) Grade (2) Dock

Parking Stalls 13 (north of building)

Zoning Direct Development Control (DC1 (18635))

Overlays Mature neighborhood overlay Main streets overlay Medium scale residential infill overlay Power Service TBD

4 Property Type Vacant land/parking lot KEY FEATURES Legal Description Plan ND, Block 3, Lot 42 & 43 9611/29 102 Avenue The Centre of Hope Site properties Rectangular in shape, paved parking lot

Site Size 8,069 SF (0.19 Acres)

Parking Stalls 26

Zoning Direct Development Control (DC1 (18635))*

Overlays Mature neighbourhood overlay Medium scale residential infill overlay Water & Sewage Full municipal standard

5 The Chinatown Strategy has been developed through an integrated economic development approach REDEVELOPMENT supported by placemaking and with actionable community led programming components. The Strategy is founded in economic development pillars that direct actions, all of which contribute collectively to guide Edmonton’s Chinatown into the future. Together the actions capture the expressed needs of the community that embrace multiple and diverse aspects essential for a vibrant, economically sustainable place. Community led programming elements will enhance the effort to strengthen and activate Chinatown to ensure its resiliency for generations.*Source: City of Edmonton

The Salvation Army properties are included in the Cultural Chinatown South overlay in the current City of Edmonton – Chinatown Strategy Project.

The intent of this community driven project is to develop an economic plan and programming for Chinatown, create an urban interface plan and use these to develop an overall Chinatown Strategy.

The Economic Development Pillars and Actions include:

Improve sense of safety and security CHINA Focused economic development Governance and community leadership and networking

Celebrate Chinatown as a TOWN destination Enhance built forms and landmarks

6 Civic Quarter Heritage Quarter 96 St Corridor McCauley Quarter Five Corners • Extension of • Builds on historic • Central Focus • Extensions of the Quarter Downtown character • Parks fronting residential neighborhood • Collection of • Could accommodate • Inward focus around mixed-use Buildings to the north activities with major expansion of civic interior courtyards • North/South • Smaller scale buildings opportunities and provincial connections • Higher density and institutions taller buildings • Large scale buildings

The Quarters is a 40-hectare (100 acre) area that extends from 97 Street to 92 Street, and from 103A Avenue to the top of the Valley. Over the next 20 years, The Quarters Downtown will be transformed into a vibrant, diverse, and inclusive community, taking advantage of its connectivity to the central business district, cultural districts, and river valley. The subject properties are located in the Heritage Quarter Area 2. The planning for this area is focused on preserving and enhancing the historic character of the area. Intent is to have the Heritage Quarter include mixed use commercial and residential development The Heritage Quarter does include active retail frontage along 97 Street and Jasper Avenue. The Area Plan calls for a Floor Area Ratio of 3.0 to 6.0 and a height range of 3 storeys to 15 storeys.

7 QUARTERSSUITE 4800 LRT STOP 65,590 sq. ft.

The City of Edmonton is currently constructing the Valley LRT Line extension which will have an LRT stop just North of the subject property (The Quarters Stop).

This stop which will be at grade level is located between 96 and 97 street on 102 Avenue and is immediately North of the Salvation Army’s Center of Hope.

Having an LRT stop just North of the subject property will create tremendous redevelopment potential for all the lands surrounding the stop including the subject property, and provides business owners a competitive advantage offering convenient and quick transportation for staff and customers to the door step of this property.

The City is actively seeking to redevelop a number of properties in The Quarters into mixed-use residential and commercial developments. The Valley LRT Line will help serve as a catalyst for The Quarters redevelopment providing greater transit accessibility for residents and visitors, as well as opportunities for future transit-oriented development in this district.

8 • • AREA • EDMONTON CITY HALL & • SERVICE CANADA CENTRE CHURCHILL SQUARE • CONVENTION CENTRE AMENITIES • • THE HAT APARTMENT BUILDING • • DOUBLE TREE HOTEL • WINSPEAR CENTRE • QUARTERS LRT STOP (102 AVENUE) • COURT HOUSE (CITY LOT WILL BE FUTURE ACCESS TO LRT)

QUARTERS LRT STOP

9 DEVELOPMENT AREA

1. ROYAL ALBERTA MUSEUM ($375M) 8. HAT APARTMENT BUILDING ($80M) 14. SHAW CONFERENCE CENTRE DEVELOPMENT 2. CITY HALL PLAZA UPGRADES ($417.4M) 9. BRIGHTON BLOCK ($5.5M) SOLAR PANELS ($6M) 3. 96 STREET INVESTMENTS ($99M) 10. PENDENNIS HOTEL ($10M) 15. WINSPEAR CENTRE IN THE AREA 4. 102 AVE LRT 11. EDMONTON COMPLETION PROJECT ($65M) 5. KINISTINAW PARK PROJECT ($6M) RENOVATION ($15M) A ALLDRITT TOWER ($200M) 6. MILNER LIBRARY ($85M) 12. YMCA WELCOME VILLAGE ($30M) B MIRAMA MALL SITE 7. DOUBLE TREE ($60M) 13. 9521 103A AHS ($10M)

10 PRICING & OFFERING PROCESS

The Property is being offered for sale through a traditional tender process. Upon the execution of the Vendor’s form of Confidentiality Agreement (“CA”), qualified prospective purchasers will be provided with access to additional detailed information. The Vendor reserves the right to deal with Offers received on a first submission basis and encourages all interested purchasing parties to submit their formal interest upon review of the confidential information.

The Property is being offered for a sale at an asking price of $3,953,000 ($121.83 per SF; building) Building size (SF) 32,448 Total Land Size 28,239

All inquiries regarding the Property or Offers submitted for the acquisition of the Property should be directed to Cushman & Wakefield Edmonton as the Exclusive Agent for the Vendor.

11 Raphael Yau Chris Sieben Senior Associate Partner 780 917 8326 780 720 0227 [email protected] [email protected]

Kyle Barton Kennedy Munro Senior Associate Associate 780 733 6409 780 670 3042 [email protected] [email protected]