Queen Street Place – NorthWest Healthcare Properties

Details

FAQ

Medical Offices For Lease In Spruce Grove

Queen Street Place

505 Queen Street, Spruce Grove, Alberta, Canada, T7X 2V2
Spaces For Lease
Tenants
+
Physicians
Square feet

Property Description

Queen Street Place is a two-storey, 77,161 square foot medical office building located a short drive west of Edmonton, in the community of Spruce Grove. The recently-constructed building was designed to suit cross-functional medical use and is tenanted by a diversified mix of medical professionals and healthcare support services including a pharmacy, laboratory, diagnostic imaging, and a wide variety of specialists. Queen Street Place is easily accessed by car or public transit and features an abundance of free surface parking for tenants and visitors.

Additional Details

Features

Accessible,
Elevators,
Tenant Parking,
Pharmacy,
Maintenance,
Cafe,
Public Transit,
X-Ray,

Location

Spruce Grove Medical Offices For Lease

Suite #108A
2,328 sq.ft.

Available:

Immediately

Asking Rent:

$20.00 per sq.ft.

Additional Rent:

$18.53 per sq.ft.

Floorplan:

Suite 108A is a 2,328 square foot medical office space situated on the ground floor and conveniently located just off the building lobby near the main entrance. . This suite includes a reception area, several exam rooms/offices, four in-suite washrooms, and a staff room. Suite 108A is located next to the building’s pharmacy, and has direct access from within the space to the loading doors. Available immediately.
Interior Images
Suite #102
2,466 sq.ft.

Available:

Immediately

Asking Rent:

$21.00 per sq.ft.

Additional Rent:

$18.53 per sq.ft.

Floorplan:

Suite 102 is a 2,466 square foot medical office space with entrances from both the interior and exterior. This suite features a reception area, seven offices/exam rooms, a laundry room, and an in-suite washroom. Suite 102 is conveniently located in a high-visibility area near the main entrance and building lobby.. Available immediately.
Interior Images
Suite #205A
2,677 sq.ft.

Available:

Immediately

Asking Rent:

$19.00 per sq.ft.

Additional Rent:

$18.53 per sq.ft.

Floorplan:

: Suite 205A is a 2,677 square foot medical office space in turnkey condition, conveniently located directly across from the building elevator. This space includes a reception/waiting area, six offices/exam rooms (some with sinks), and three in-suite washrooms. Available immediately.
Interior Images

*Asking rent is negotiable. Additional rent estimate is subject to change.

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Tenant Services

We continually assess current practices and industry trends to improve and enhance your satisfaction.

Why Lease Medical Office Space With NorthWest?

Our commitment to our tenants is simple – to provide quality space and service – at a great value.

Our approach to this commitment is through hands-on and proactive property management.  We boast dedicated teams with years of experience in healthcare real estate operations who are motivated by the challenge of delivering great service day after day to you and your patients.

We're Wired Certified!

The property has recently joined an elite group of buildings by receiving a Wired Certified rating.

Wired Certified guarantees that measures have been taken to reduce the risk of connectivity loss and interruption.  The building can support tenant connectivity needs with confidence.

As a landlord, ensuring that you receive the best possible experience as a tenant is important to us and we are committed to maintaining NorthWest Healthcare Properties’ position as a market leader and pioneer in digital connectivity.

Additional Services Available to You

Space Planning & Design

Our healthcare designers will help you create the perfect office space 

Our Team

Construction Management

A  specialized construction team will bring your vision to reality.

male-electrician-fixing-electric-sign-on-the-ceiling

Building Maintenance

Our maintenance team is on call 24 hours a day, 365 days a year.

Online Work Order System

Simply message our support team to get all your needs addressed.

Additional Services

Space Planning & Design

Our healthcare designers will help you create the perfect office space 

Our Team

Construction Management

A  specialized construction team will bring your vision to reality.

male-electrician-fixing-electric-sign-on-the-ceiling

Building Maintenance

Our maintenance team is on call 24 hours a day, 365 days a year.

Online Work Order System

Simply message our support team to get all your needs addressed.

Building Partners

Our Greatest Asset is the Relationships We Cultivate with Our Tenants.

Main Tenants at Queen Street Place

Our properties are typically full-service medical office buildings, thoughtfully curated with a mix of high quality professional, medical, clinical, laboratory, diagnostic, and pharmaceutical space.

Your Support Team

NorthWest employs a unique team-based approach that combines real estate expertise with specific knowledge of leasing medical office space to meet the specialized needs of our healthcare tenants.

What Our Tenants Have To Say

Our Greatest Asset is the Relationships We Cultivate with Our Tenants

Frequently Asked Questions..

We Have Your Answers

We know that leasing medical office space is a big undertaking.  There’s a lot of questions that need to be answered.  We’re here to help you each step of the way.

The amount of space you require will vary depending on the nature of your business and the efficient use of space you select. We suggest that you meet with a medical space planning specialist to help you get accurate numbers.

In addition to your net rental rate, most commercial leases are structured such that you also pay additional rent, which covers the landlord’s operating and common area maintenance costs. These costs include, but are not limited to, insurance, building and grounds maintenance, property taxes, janitorial services, utilities, etc.

In most cases tenants are personally responsible for telecommunications expenses (phone and internet), cable, electronic medical records services, premises insurance, and maintenance/repairs for equipment, furnishings, and finishes within their premises.

During a typical lease negotiation, leasing proposals are used as a tool to determine terms and conditions acceptable to both landlord and tenant. This will precede an offer to lease outlining the final position of both parties followed by the formal lease agreement. It is typically accompanied by a leasing deposit, generally equivalent to two months’ gross rent, representing first month’s rent as well as a security deposit.

The tenant and/or landlord may not be legally bound to commit to the premises until the various conditions are satisfied. 

Most commercial leases allow the tenant to sublease the premise or assign their lease, with approval by the landlord. Typically, the lessor is unable to unreasonably withhold consent to a transfer request. A prudent lessor will consider the strength of the contract being offered by the incoming tenant and will decline to accept a transfer that could potentially compromise their financial position or security.

A tenant inducement is any incentive or consideration offered to the tenant to sign or renew a lease. This may include a financial contribution to build out the space (either in the form of a tenant allowance or landlord’s work), early occupancy, free rent, etc.this expense.

Tenant improvement allowances are expressed in square feet, so a T.I. allowance of $50 / sq ft for a 1,000 sq ft office would result in a payment of $50,000. T.I. allowances are larger for longer leases, as the landlord has longer to recoup this expense.  The size of the allowance differs with the quality of the building project, the condition in which the space is delivered for construction (i.e., Is HVAC ductwork in place? Has the ceiling been “dropped”?)

Rentable square feet equalS the basis for your rent. Usable square feet equals the actual square footage of your office. The difference between usable and rentable square feet is a pro rata share of the building’s common area — like public hallways, the lobby, public restrooms, etc.

Gross rent is the rent calculated inclusive of all building costs, whereas net rent is rent calculated excluding building costs. Face rent is the quoted rental rate before taking into account inducements or increases, whereas effective rent is the rental rate averaged out over the term of the lease, including inducements.

Both a construction allowance and landlord’s work are types of tenant inducements provided to the tenant to make improvements made to the space. A construction allowance is an amount paid from the landlord to the tenant to cover some or all of the costs of the renovation/build-out, wherein the tenant is responsible for coordinating the work. Landlord’s work is an agreement for the landlord to pay for and coordinate the renovation/build-out of the premises according to approved plans.

Contact Us

NorthWest Healthcare Properties is here to provide you with information, answer any questions you may have and help you find the right medical office for lease for your individual needs.

We strive to provide the best service possible with every contact!

We operate in an industry built on trust.  This can only be achieved through communication and experienced support – from your first contact to your lease anniversary. 

PROPERTY ADDRESS:

505 Queen Street, Spruce Grove, Alberta, Canada, T7X 2V2

HEAD OFFICE ADDRESS:

180 Dundas Street West, Suite #1100, Toronto, ON, M5G 1Z8

PHONE:

416-366-2000

EMAIL

leasing@nwhreit.com

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The more we know, the more we can help you find the right space.