The Yellowhead Warehouses consist of two 35 year old buildings with 33,200 square feet of total leasable space, well-located along the Yellowhead Trail, one of Edmonton's busiest thoroughfares and a major commercial artery. Upon purchase, this property required aggressive upgrading and marketing. It was vacant upon acquisition, but aggressive efforts saw the property fully leased by the beginning of 2002 and it remains fully occupied.

Along with a great exposure, the property backs on to a rail spur that has become a valuable property feature that is in big demand. In Edmonton, buildings with rail access have become scarce resulting in higher than average rental rates. The property continues to perform well and stands as one of the Company's best investments with market value estimated to be more than 4 times the book value.