Wajax Building – Fort St. John

Fort St. John, British Columbia

WAJAX FORT ST. JOHN

About the Property

Property Details

Location
10135 Finning Front
Fort St. John, British Columbia

Acquired: 2021

21,140 total sq/ft

4.62 acres of land

Located in the heart of British Columbia’s booming energy capital, this 21,140 square foot, concrete block industrial building is situated on 4.62 acres and fully leased to Wajax, one of Canada’s longest standing and most diversified industrial products and services providers. The building features seven grade-level overhead doors, including two 18-foot by 18-foot doors, two 5-ton cranes and one 1.5-ton crane. It also has a two-story modern office component, a secure storage yard and freestanding yard storage structures.

In 2021 and 2022, significant improvements were completed throughout the property, with an emphasis on upgrades that support Imperial’s focus on ESG. These included installations of LED lighting, upgrades to exterior wall cover panels for better insulation, and new TPO roof replacement. The interior office was upgraded with new flooring and lighting. Extensive work was also completed to improve the 3 acre secured storage yard.

Fort St. John is the energy centre of British Columbia with extensive energy related activity, growing capital investment and strong economic projections. The combination of a strong tenant and an attractive market made the purchase an ideal entry into British Columbia for the Company.

Tenant(s)

Tundra Process Solutions Ltd.

Tundra Process Solutions is a Western Canadian distributor of diverse industrial process equipment for industries such as Oil & Gas, Petrochemical, Mining, Forestry, Municipalities and many others.  A wholly owned subsidiary of Wajax, Tundra Process Solutions represents industry-leading manufacturers in motors and drives, boilers and water treatment, panels and buildings, valves and actuation, measurement and analytical, and service and support.  Tundra also offers a full range of prefabricated panels, buildings, equipment and truck offloading systems.

Tundra Process Solutions’ parent company Wajax, is listed on the Toronto Stock Exchange under the symbol WJX.

Phone
(250) 263-9786