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Aitec Building
2008 Property Performance
Acquired: September 2001
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Location
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2507 - 84 Avenue Edmonton, Alberta
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Situated on a four-acre site, this building had an existing single tenant and
a custom-constructed industrial building measuring approximately 33,500
square feet. The building contains two concrete bunkers with 36-inch concrete
walls and door which allow the company to do non-destructive testing on-site.
The specialty building is the only one of
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its kind in the Pacific Northwest, and the cost to construct a similar building
would be about $5 million. Given the highly specialized features of the
building and the presence of a stable, long-term tenant, the Company has
enjoyed steady returns on the property and has steadily achieved a growing
equity position.
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Meet the Tenant:
Aitec (Western) Inc. This North American company provides a full-range of non-destructive testing services to industries which include: oil and gas, pipeline, fabrication, civil, construction, steel, petrochemical and pulp and paper.
Phone (780) 417-7777.
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Updated: March 17, 2008
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