131 22 St N - Refrigeration Cold Storage FOR SALE


Lethbridge, AB T1H 3R6
$14,000,000 CAD
587-813-5553
131 22 St N, Lethbridge, AB for Sale
$14,000,000 CAD
Refrigeration Cold Storage - FOR SALE
1/23
null | Request Cap Rate

131 22 St N
Lethbridge, AB T1H 3R6


HIGHLIGHTS

  • The property includes extensive freezer infrastructure suitable for cold storage, food processing, and distribution operations.
  • Direct exposure along Highway 3 provides visibility and supports efficient access for regional and cross-border logistics.
  • Four site access points allow for high-volume circulation and operational efficiency across the site.
  • Existing building systems support large-scale industrial operations and reduce near-term capital requirements.
  • The site is positioned within a major agri-food cluster supported by multinational food processing companies.
  • Civil work has been completed to accommodate future expansion and increased operational capacity.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$14,000,000 CAD

PRICE/SF

$79 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Refrigeration Cold Storage

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

UTILITIES

-

CLEAR CEILING HT

28 Ft

DOCKS

5

DRIVE INS

7

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.25

LAND SF

446,490

ZONING

GI

APN/PARCEL ID

CUSTOM-4016092

ASK ABOUT THIS PROPERTY

Josh MartiAvison YoungMore Info
587-813-5553

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Josh MartiAvison YoungMore Info
587-813-5553

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.