LASI HOMES

“Over 500 retail boutiques offer an untold variety of goods and services. Each retail store is individually owned, making New Horizon Mall the most diverse shopping destination in Southern Alberta.”

Unless you have been hiding under a rock for the past few months, you’ve probably already heard about the newly established New Horizon Mall just across from Cross Iron Mills. Indeed, whether you are a mall enthusiast or not, it cannot be denied that this mall is special.

For starters, this mall is HUGE. It is hard not to be impressed by its sheer sized. Developed by Torgan Group and MPI Property Group, New Horizon Mall is a $200 million international shopping mall development. It is Canada’s second-largest mall, accessible to over 1.5 million people within a one-hour drive!

Secondly, most of the stores and restaurants are not the typical big-box store names. Instead, this mall has a multicultural focus, making it more like a modern Asian-style bazaar instead of a traditional North American mall. This means patrons will be able to access a diverse selection of goods and services from all over the world. Given Alberta’s ethnically diverse population, it is likely that this mall has something for every type of consumer.

In addition to the unique shopping opportunities, the mall’s multicultural shopping experience will be matched by entertainment just as diverse, as a main stage will provide a venue for cultural events, holiday celebrations, and fashion shows.

Another great point is that New Horizon Mall will also employ approximately 1,400 people within various positions such as sales, security, and maintenance. This will, of course, benefit Albertans and the overall economy.

In addition, this mall offers great opportunities for small business owners and aspiring entrepreneurs alike. Unlike other nearby major malls, buying or leasing space in this mall is realistic for many people. See below for information about great leasing opportunities!

• Single retail units- rent starting at $799 (only 1 at this price);
• Double size units - rent starting at $1499 (only 1 at this price);
• Triple size units - rent starting at $2499 (only 1 at this price);

* ALL SHOPS SITUATED IN PRIME SPOTS! *

 Tenant benefits for signing with us?

• 4 months FREE rent
• Landlord may provide water connection and upgraded electricity (60 amp service) for uses (ex., hair salon, ice cream parlor, etc.)
• Food court units - rent starting at $5000

 *** with 3 months FREE rent for period of renovations***

Retail Shop sizes:

145 sqft, 210 sqft, 260 sqft, 290 sqft, 435 sqft *special size (138) sqft

Note: 2+ units can be combined to create a special size for you.

Want to be right by the entrance? Need a unit in the main corridor or by the entertainment area? Don’t care about the location but need something super cheap? We have it all!

Need something in the food court? We have that too.

Let’s get together and discuss your options.

Food Court sizes:

89 sqft (leased), 120 square feet (leased), 260 sqft (1 left), 380 sqft (1 left), 440 sqft (2 left)

If you are a landlord looking to rent your unit, call us today to discuss the available options!

Umair Lasi

403-667-5901

umair@umairlasi.com

Many investors and brokers share in the view that commercial properties tend to offer investors greater financial rewards as compared to residential properties. However, while many people daydream about investing in commercial real estate, most are reluctant to take that step due to inaccurate assumptions about this type of financial venture. Below, three commonly held myths about investing in commercial real estate are debunked in hopes that this information may light a fire under an existing investment desire.

 Myth #1: It is hard to find good deals

Truth be told, there are almost always good investment prospects in the commercial realestate market. It is only a matter of finding them and putting in the effort to capitalize on them. Sometimes an amazing opportunity may not be outwardly obvious at first, which is where a good real estate broker can provide invaluable advice. Worth noting, some of the best opportunities tend to surface in times when the market it down, which is why now is a great time to take a chance on the right property.

 Myth #2: It is too risky to invest in commercial property

The reality is that investing in commercial real estate is like investing in anything else; your level of risk depends on what you are willing to take on. While there are a wide range of factors that impact the degree of risk associated with any given property, some property types are considered riskier than others. For example, triple net lease properties, wherein the tenant agrees to pay all real estate property’s taxes, building insurance, and maintenance in addition to any normal fees that are expected under the agreement (rent, utilities, etc.), are considered substantially less risky as compared to office properties. Keep in mind that in many cases, greater risk translates into greater reward. An effective real estate broker can help you balance your risk and rewards based on your capabilities, needs, and ambitions.

 Myth #3: All commercial income properties are publicly advertised

Relative to the number of commercial investment properties available on the market, it is fair to assert that very few are publicly advertised. This makes it incredibly difficult to comprehensively consider your options on your own. This is exactly where a good real estate broker with lots of good relationships with other investors and brokers can come in handy. After all, it is only when we consider all our options can we make an informed decision.

Hopefully, you found this short article informative, and perhaps even motivating. If you have any questions about investing in commercial real estate, I would love to talk them out with you at your convenience. Feel free to call me at 403-667-5901 or email umair@umairlasi.com.

You can also visit my webpage for more information at www.umairlasi.com!