2810 Bremner Ave

On behalf of the Vendor, the Colliers Investment Sales Team is pleased to present the opportunity to acquire 2810 Bremner Avenue, a fully occupied flex retail, office and medical building, centrally located in Red Deer, Alberta. The Property is a 37,058 SF multi-tenant building situated on Bremner Avenue, adjacent to Bower Place, Red Deer’s largest mall, and also Gaetz Avenue (Highway 2A). The property is fully occupied by six tenants and provides strong and stable net operating income and cash flow. The tenants provide average in-place rents of $21.77 PSF and a weighted average remaining lease term of 6.35 years. The offering provides the opportunity for an investor to purchase a stable, income producing property in a desirable, high profile and highly accessible Red Deer Location. 2810 Bremner Avenue is situated in a highly amenitized area and provides tenants with an unmatched selection of restaurants, shopping and professional services. One block south is Bower Place, Red Deer’s largest and busiest shopping centre, featuring over 120 retail outlets and drawing a great deal of traffic into the area on a daily basis. The property is also 4 minutes directly south of the Downtown Core via Gaetz Avenue (Highway 2A), Red Deer’s main thoroughfare. The property underwent a full repositioning in 2018, where it received a new mechanical systems, exterior upgrades and the west portion of the building was expanded. Following these capital upgrades, the entire property was leased to six retail, office and medical tenants, each of who remain in occupancy today.