What is the asking price for New Place Park?

The lease rate for space here is Contact for pricing.

What is the total size of New Place Park?

The property has a total square footage of 40,874 SF.

How many parking spaces are available at New Place Park?

Parking information for the property isn't currently listed.

5201 44 Street, Bonnyville, AB 911

For Sale $4,800,000
Property Type Office
Lot Size 2.67 Acre
Date Updated May 21, 2026

Description

New Park Place is a fully leased, multi-tenanted suburban office building. The 40,874 SF building sits on a 2.67-acre site and is occupied by four tenants with staggered lease expiries through 2028–2029. The property generates stable rental income from a strong, diversified tenant base that includes provincial government agencies and a major energy company.

In 2025 New Park Place is projected to deliver gross rents of $1.023M, with base rent $440K and operating cost recoveries $583K. After a 5% vacancy and structural allowance, net operating income (NOI) is $388K, yielding a Cap Rate of 8.09% on the $4.8M asking price.