Prime Group Holdings has acquired its first Canadian property in the Edmonton suburb of Sherwood Park, Alberta. The acquisition was made through the firm’s third flagship fund, Prime Storage Fund III.
The recently constructed single-story building, located at 70 Broadview Road in Sherwood Park, is comprised of more than 54,600 rentable square feet, a combined 472 indoor climate-controlled and drive-up units, and 22 parking spaces. Located east of Edmonton, the Sherwood Park community offers a suburban lifestyle for families and professionals living and working in Edmonton and includes a mix of suburban residential neighborhoods as well as shopping centers, restaurants and the Sherwood Park Mall. Already nearly 90 percent occupied, the property is easily accessible via car and public transportation.
“We are thrilled to bring our deep self-storage sector expertise and institutional property management platform to the Canadian market as we continue to expand our busin
