5315 50 Avenue Legal, Alberta 57220 RR231 Sturgeon County, Alberta SUBJECT PROPERTY The Offering (Langley) Ltd. and are pleased to exclusively offer for sale, the Facility, located in Legal, Alberta. The Offering includes two separate properties which ideally would be purchased together, however, the Seller will sell separately under the right conditions. N
Location # 1 Self Storage Location 5315 50 th Avenue, Legal, Alberta Offered Exclusively: $1,250,000 Legal is a town in central Alberta, Canada within Sturgeon County. Legal is located 2.4 km (1.5 mi) east of Highway 2 on Highway 651, approximately 42 km (26 mi) north of Edmonton. In the 2016 Census of Population conducted by Statistics Canada, the town of Legal recorded a population of 1,345 living in 448 of its 465 total private dwellings, a 9.8% change from its 2011 population of 1,225. With a land area of 3.18 km 2 (1.23 sq mi), it had a population density of 423.0/km 2 (1,095.5/ sq mi) in 2016. While the Town of Legal is situated in a rural setting, with a large city centre just minutes away there is ample opportunity to embrace an urban lifestyle at the same time. The Legal business sector continues to expand to meet the demands of a growing population. Coupled with highly affordable housing opportunities in the area, the French Mural Capital of Canada targets a wide variety of audiences. Here you will find the perfect balance between a desire for quiet country living and the amenities of city life. Community activities including the famous 'Fête au Village' every summer draw unusually large volumes of visitors and have given the town a very high profile in Sturgeon County and surrounding area, including Edmonton. Not only is Legal an ideal place to reside with the charm of country living on the doorstep of city amenities, it also boasts economic development opportunities, many as yet untapped. The past few years have witnessed continual residential growth and the strong business environment is well supported through many local activities hosted by the Legal Chamber of Commerce. Legal offers local fishing in their Day Park, an RV park, soccer fields, baseball diamonds, a skatepark, as well as landscapes that allow room for recreational activities such as picnicking, cycling and walking. With restaurants, pubs, a local grocery store, a Servus Credit Union, Dodge dealership, welding shop and many other amenities, Legal offers the same essentials as an urban community, but also provides the peacefulness of living within a small knit community. The Property Legal Description: Area: Zoning: Buildings: Rentable Units: Occupancy: Gross Building Area: Net Rentable: Office: Construction: PLAN 5471NY LOT A EXCEPTING THEREOUT ALL MINES AND MINERALS Tax Roll #: 26300 2.35 Acres M1 - Industrial Zoning 2 Storage Warehouses Self-Storage 91 10 x 10 Office 1 RV Parking Spaces 75 Total 166 85% Storage Units 96% RV Parking ±12,000 SF ±11,900 SF 1 100 SF Steel Frame, Steel Clad, Steel Roof
Future Revenue Potential Lease vacant Spaces Eliminate Variance on Rental Rates Add mobile storage units on vacant Land Add additional Square Feet of Building
FOR SALE
Location # 2 RV Storage & Land 57220 RR231, Sturgeon County, Alberta Offered Exclusively: $799,000 The Property The Property boasts 2,000 feet of frontage on Highway 28, with over 6,000 vehicles passing daily. This excellent exposure is all the advertising this Business requires. Legal Description: Area: Zoning: Buildings: Rentable Units: Occupancy: 77% ALL THAT PORTION OF THE NORTH EAST QUARTER OF SEC 14 TOWNSHIP 57, RANGE 23, WEST OF THE FOURTH MERIDIAN WHICH LIES TO THE SOUTH EAST OF THE EASTERLY LIMIT OF THE ROAD, AS SHOWN ON ROAD PLAN 1769JY Tax Roll #: 1446002 33.27 Acres Discretionary Agricultural - with Auto Renew Business Permit Double-Wide Mobile Home Tenanted 240 RV/Boat Parking Spaces Future Revenue Potential Lease vacant Spaces Farm or Lease Vacant Land Rezoning Potential
Hwy 28 Lot NE14-57-23-4 Detailed financial package will be provided to qualified Purchasers, upon receipt of executed Non-Disclosure Agreement. *Information provided by Owner No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.
CONFIDENTIALITY AGREEMENT TO: The undersigned Potential Purchaser has expressed interest in making an Offer to Purchase that property and or business located at 5315 50 Avenue, Legal, Alberta &/or 57220 RR231 Sturgeon County, Alberta (hereinafter referred to as the Property ). As a result, (hereinafter referred to as the Agent ), is providing to the undersigned certain information about the Property which is non-public, confidential, or proprietary in nature on behalf of the owner. All such information and copies thereof together with any analyses, compilations, studies, or other documents prepared by the undersigned or agents, representative or employees of the undersigned which contain or otherwise reflect such information, together with information which is delivered verbally and is identified as confidential, is referred to herein collectively as the Confidential Information. As a condition and in consideration of your agreement to make the Confidential Information available, the undersigned covenants, acknowledges and agrees as follows: 1. That it will keep the Confidential Information confidential and will: (a) not use the Confidential Information in any way detrimental to the Owner or its tenants; (b) not use the Confidential Information in any way other than in connection with the undersigned s evaluation of the Purchase; (c) not reveal the Confidential Information to its agents, representatives, and employees except to such of the aforesaid who agree to be bound by the terms of this agreement and who need the Confidential Information to evaluate the Purchase. The undersigned acknowledges that it is responsible for any breach of this agreement by its agents, representatives and employees. 2. That it may not assign or delegate any of its obligations pursuant to this agreement without the prior written consent of the Owner. 3. That it will keep record of the Confidential Information furnished and of its location. Confidential Information, except that portion consisting of analyses, compilation and studies, remains the property of the Agent and will be returned to it immediately upon request, together with all copies of the Confidential Information made by the undersigned. ConfidentialityAgreement Legal-NAI.docx 1
4. That it will provide the Agent with prompt written notice of the circumstances surrounding any disclosure by it of Confidential Information, whether under compulsion of law or otherwise, in order that the Agent may seek a protective order or other appropriate remedy or waive compliance with the agreement, the undersigned will release only such Confidential Information as it is advised by written opinion of counsel is required and will use its best efforts to ensure that the Confidential Information is given confidential treatment. 5. That is hereby indemnifies and saves harmless the Agent their successors and assigns from any and all claims, losses, costs, or damages suffered or incurred by or against the Agent or owner by reason of the Agent releasing Confidential Information to the undersigned. Acknowledged and accepted this day of, Telephone Number: Company Name Signature Signed by (Name) Email: Position of Signator ConfidentialityAgreement Legal-NAI.docx 2