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Edmonton retail centre sells for $540 per square foot

Property in growing neighbourhood is fully leased to long-term tenants
2304-2366-23-avenue-nw-edmonton
Mill Creek Centre in Edmonton, a seven-unit retail centre, sold Nov. 1 for $24.25 million.

DEAL | Mill Creek Centre, a Class A shopping centre at 2304-2366 23 Avenue NW, Edmonton, sold Nov. 1 for $24.25 million. The fully tenanted property consists of seven one-story buildings totaling 44,932 square feet of leasable space on 6.5 acres. Situated in the rapidly growing neighbourhood of Silver Berry, the property is shadow-anchored by Save-On-Foods and minutes from the state-of-the-art Meadows Recreational Centre.

PRICE | $24,250,000

FROM | Dale James and Humaira Naikyar, Re/Max Excellence Commercial