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131 22 St N 176,800 SF Industrial Building Lethbridge, AB T1H 3R6 $9,952,158 USD ($56.29 USD/SF)
Investment Highlights
- The property includes extensive freezer infrastructure suitable for cold storage, food processing, and distribution operations.
- Four site access points allow for high-volume circulation and operational efficiency across the site.
- The site is positioned within a major agri-food cluster supported by multinational food processing companies.
- Direct exposure along Highway 3 provides visibility and supports efficient access for regional and cross-border logistics.
- Existing building systems support large-scale industrial operations and reduce near-term capital requirements.
- Civil work has been completed to accommodate future expansion and increased operational capacity.
Executive Summary
This property presents a compelling opportunity to acquire and reposition a large-scale industrial facility with significant existing freezer infrastructure. Featuring up to 28’ ceiling heights and approximately 70,000 sf of freezer space, the building is well-suited for conversion to modern cold storage, freezer logistics, or food processing operations.
With robust servicing and infrastructure already in place, the asset offers an efficient retrofit opportunity for users seeking scale, functionality, and long-term operational value in a supply-constrained market. In addition, civil work has already been completed to support a further 40,000 sf of expansion, providing a clear path for future growth and enhanced operational capacity.
With robust servicing and infrastructure already in place, the asset offers an efficient retrofit opportunity for users seeking scale, functionality, and long-term operational value in a supply-constrained market. In addition, civil work has already been completed to support a further 40,000 sf of expansion, providing a clear path for future growth and enhanced operational capacity.
Property Facts
| Price | $9,952,158 USD | Rentable Building Area | 176,800 SF |
| Price Per SF | $56.29 USD | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1947 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Refrigeration/Cold Storage | Clear Ceiling Height | 28’ |
| Building Class | C | No. Dock-High Doors/Loading | 5 |
| Lot Size | 10.25 AC | No. Drive In / Grade-Level Doors | 7 |
| Zoning | GI - General Industrial | ||
| Price | $9,952,158 USD |
| Price Per SF | $56.29 USD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Refrigeration/Cold Storage |
| Building Class | C |
| Lot Size | 10.25 AC |
| Rentable Building Area | 176,800 SF |
| No. Stories | 2 |
| Year Built | 1947 |
| Tenancy | Single |
| Clear Ceiling Height | 28’ |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | GI - General Industrial |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
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131 22 St N
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