Sherwood Park — Lakeland Industrial Park · Heavy Industrial · Strathcona Heartland Adjacent

Lakeland Industrial Sherwood Park Commercial Real Estate

Q: What are heavy industrial cap rates in Strathcona County?

Heavy industrial cap rates in the Lakeland Industrial area range from 6.0–7.0% in 2025, reflecting the strategic petrochemical-adjacent positioning.

Heavy industrial and petrochemical support in Strathcona County's eastern industrial corridor. Lakeland Industrial Park sits adjacent to the Strathcona Industrial Heartland, one of Canada's largest industrial complexes.

Talk to a Broker Back to Sherwood Park

6.0–7.0%Heavy Industrial Cap Rate

~$18.50Mill Rate (per $1,000)

Heavy IndustrialPrimary Profile

HeartlandAdjacent

Property Types

What's Available in Lakeland Industrial

Heavy Industrial

Large sites · Heavy servicing

Petrochemical support · Manufacturing

View Industrial Listings →

Industrial Land

Large parcels

Build-to-suit · Heartland adjacent

View Land Listings →

Industrial Facilities

Existing buildings

Large-format · Specialized

View Facilities →

Heavy Industrial Investment

Cap rate 6.0–7.0%

Long-term NNN · Industrial tenants

View for Sale →

Industrial Land

Development sites

Lakeland area · Large parcels

View Land for Sale →

Lakeland Industrial Submarkets

Key Areas in Lakeland Industrial Park

Lakeland Industrial Park Core

Heavy Industrial · Large Sites

Industrial

Lakeland Industrial Park's heavy industrial core accommodates large-scale manufacturing, petrochemical support and industrial operations requiring heavy electrical servicing, large sites and proximity to the Strathcona Industrial Heartland. One of the Edmonton area's most strategically positioned heavy industrial locations.

6.0–7.0%Heavy Industrial Cap

HeartlandAdjacent

Petrochemical Support

Refinery Services · Upgrader Support

Industrial

Companies providing services, equipment and support to the Strathcona Industrial Heartland's refineries and upgraders. Lakeland Industrial's proximity to the Fort Saskatchewan-Strathcona petrochemical corridor makes it a logical base for oilfield and petrochemical service businesses.

PetrochemicalService Cluster

StrategicPositioning

Heavy Manufacturing

Specialized Production · Large Format

Industrial

Large-format manufacturing operations requiring heavy power, overhead crane capacity and substantial site area. Lakeland Industrial's fully serviced heavy industrial infrastructure supports complex manufacturing operations not viable in lighter industrial parks closer to Edmonton's urban core.

HeavyServiced Sites

Large FormatManufacturing

Industrial Yards & Outdoor Storage

Fenced Sites · Equipment · Marshalling

Industrial

Fenced and serviced industrial yards for petrochemical equipment storage, pipe, materials and vehicle marshalling. Strategic location adjacent to the Heartland industrial complex supports storage and logistics operations serving the region's oil and gas and petrochemical industries.

Outdoor StorageFenced Sites

IndustrialMarshalling

Industrial Land — Development

Greenfield · Serviced Parcels

Industrial

Serviced industrial land parcels for build-to-suit development in Lakeland Industrial Park. Competitive Strathcona County costs and strategic Heartland proximity make these development parcels attractive for industrial users seeking long-term positions in the Edmonton northeast industrial corridor.

Build-to-SuitAvailable

ServicedParcels

Transport & Logistics Access

Highway Network · Industrial Corridor

Industrial

Lakeland Industrial's location in east Strathcona County provides direct road access to the Strathcona Industrial Heartland and onward connections to Highway 16, the Yellowhead Corridor and Fort Saskatchewan. Key logistics position for industrial supply chain operations.

Highway 16Access

NortheastIndustrial Corridor

6.0–7.0%

Heavy Industrial Cap

Strathcona

Heartland Adjacent

~$18.50

Mill Rate per $1,000

Provincial Income Tax

Lakeland Industrial — Market Overview

Lakeland Industrial Park is Strathcona County's heavy industrial designation, positioned adjacent to the Strathcona Industrial Heartland — one of Canada's largest industrial complexes, home to petroleum refining, upgrading and petrochemical operations. Lakeland accommodates heavy industrial uses, large-format manufacturing and petrochemical support businesses that require proximity to the Heartland's infrastructure and supply chain.

Industrial cap rates of 6.0–7.0% reflect the strategic positioning and the heavy industrial profile. Strathcona County's competitive non-residential mill rate of approximately $18.50 per $1,000 provides a structural cost advantage for industrial operators.

Cap Rates & Market Data (2025)

Asset Class	Submarket	Cap Rate	Notes
Heavy Industrial	Lakeland Industrial Park	6.0–7.0%	Large sites, heavy servicing, long-term NNN
Petrochemical Support	Lakeland Corridor	6.0–6.75%	Heartland-adjacent, strategic positioning
Industrial Yards / Outdoor Storage	Lakeland Area	6.5–7.0%	Fenced, serviced sites
Industrial Land	Development Sites	N/A	Build-to-suit, greenfield

Why Choose Lakeland Industrial

Strathcona Industrial Heartland adjacency. Lakeland Industrial sits adjacent to one of Canada's largest industrial complexes, providing unmatched proximity for petrochemical support, industrial services and supply chain businesses.

Competitive Strathcona County costs. At approximately $18.50 per $1,000 non-residential mill rate, Strathcona County offers among the lowest property tax costs of any Edmonton CMA municipality with heavy industrial land.

Full heavy industrial servicing. Lakeland Industrial is designed for heavy industrial use with appropriate power, water, servicing and site capacity for large-scale manufacturing and industrial operations.

Lakeland Industrial — Frequently Asked Questions

What is Lakeland Industrial Park?

Lakeland Industrial Park is a heavy industrial park in east Strathcona County, adjacent to the Strathcona Industrial Heartland. It accommodates petrochemical support, heavy manufacturing and large industrial operations.

What is the Strathcona Industrial Heartland?

The Strathcona Industrial Heartland is one of Canada's largest industrial areas northeast of Edmonton, hosting petroleum upgrading, refining, petrochemical and related heavy industrial operations.

What are heavy industrial cap rates in Strathcona County?

Heavy industrial cap rates in the Lakeland area range from 6.0–7.0% in 2025, reflecting the strategic petrochemical-adjacent positioning and long-term industrial tenancy profile.

How do I find industrial space in Lakeland?

Contact Canada's Home Commercial via our contact form, or call 780-545-5955 for Lakeland Industrial land, facilities and investment properties.

Interested in Lakeland Industrial?

Our advisors cover Strathcona County heavy industrial — Lakeland facilities, land and investment properties.

Talk to a Broker

Your local Canada's Home Commercial team: Sherwood Park →