Contacts
REMAX Commercial Excel
REMAX Commercial Excel
Property Details
- Property Type Office
- Lot Size 2.67 Acre
- Date Updated May 14, 2026
New Park Place is a fully leased, multi-tenanted suburban office building. The 40,874 SF building sits on a 2.67-acre site and is occupied by four tenants with staggered lease expiries through 2028–2029. The property generates stable rental income from a strong, diversified tenant base that includes provincial government agencies and a major energy company.
In 2025 New Park Place is projected to deliver gross rents of $1.023M, with base rent $440K and operating cost recoveries $583K. After a 5% vacancy and structural allowance, net operating income (NOI) is $388K, yielding a Cap Rate of 8.09% on the $4.8M asking price.
Reach out to the broker for more info on lease terms and amenities
Getting around
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62/100
Walk Score ®
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53/100
Bike Score ®
Location
- City Bonnyville, AB
- Neighborhood Bonnyville
- Postal Code 911
Points of Interest
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Wholesale Club
0.23 miles
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Fas Gas
0.31 miles
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Esso
0.32 miles
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7-Eleven
0.50 miles
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Petro-Canada
0.55 miles
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Co-op
1.89 miles
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Co-op Cardlock
1.89 miles
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Shell
2.31 miles
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Holiday Inn Express & Suites
0.09 miles
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Best Western
0.16 miles
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Microtel Inn & Suites
0.22 miles
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Bonnyville Manor
0.23 miles
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Comfort Inn & Suites
0.33 miles
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Bonnyville Hotel
0.65 miles
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Midtown Inn
0.94 miles
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Bethel Aspen B&B
1.02 miles
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Centre Suite Inns
1.08 miles
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Southview Motel
1.11 miles
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Wholesale Club
0.16 miles
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Sobeys
0.20 miles
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Lakeland Co-Op Home Centre
0.40 miles
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The Executive Centre
0.43 miles
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Brosseau's Department Store
0.64 miles