# The Foundry Okotoks

> Commercial strata units (commercial condos) for sale at 9 Southbank Crescent in Southbank Business Park, Okotoks, Alberta, Canada, beside Costco. Two precast concrete and steel buildings, 54 units, 65,122 sq ft on 4.48 acres. Units from 1,174 sq ft, pricing from $400 per sq ft. Units are for sale, and every business open there today owns its unit.

## Key facts

- Location: 9 Southbank Crescent, Southbank Business Park, Okotoks, Alberta. Each unit is addressed Unit 101 to 155 (Building 100) or Unit 201 to 251 (Building 200), 9 Southbank Crescent. 200 m from Costco, 50 m from the Best Western, 3 km from Queen Elizabeth II Highway 2, 18 km south of Calgary.
- Status: both buildings are built and businesses are open (October 2026).
- Price: from $400 per sq ft. Contact the developer for current pricing on a specific unit.
- Unit sizes: most units 1,187 sq ft; others 1,174, 1,197, 1,319 or 1,609 sq ft. Combine units side by side or back to back. Six blocks of 7,676 to 14,228 sq ft. Building 100 is 33,748 sq ft, Building 200 is 31,374 sq ft.
- Availability (September 2026, per the listing brokerage): 14 units sold, 4 under contract, 36 available.
- Building: precast concrete and steel, 22 ft high, 19.5 ft clear height. Built by Eagle Builders of Blackfalds, Alberta.
- Each unit is roughed in: 120/208 or 600/347 volt 3-phase power with a data conduit; 100,000 BTU unit heater on thermostat; roof air inlet with a 200 CFM extraction fan; toilet and lavatory rough-ins; one-inch water line; 150 W LED high bay lighting. Storefront choice of a 16 by 12 ft fixed glass front or a 12 by 12 ft glass overhead door.
- Mezzanine: allowed up to 25% of the unit's floor area.
- Build-out: the buyer can finish the space, or the Foundry team can do it.
- Parking: 229 car stalls and 12 bike stalls, shared.
- Zoning: Industrial Business Park (IBP), Town of Okotoks. Permitted uses include retail and service (large), restaurant and café, office, light industrial, arts and crafts, entertainment, recreation and pop-ups. Discretionary uses (Town approval needed) include general retail and service, medical, childcare, education, culture, cannabis retail and medium industrial.
- Businesses that own their units at the Foundry include The Fig (art and ceramics studio with classes, memberships and a community gallery, https://www.thefigstudioarts.com/), Thelma & Thistle (locally owned women's clothing boutique with stores in Okotoks and Lethbridge, https://www.thelmaandthistle.com/) and Sawback Builders (custom framing company founded in 2011, https://sawbackbuilders.com/).
- Investor figures from the developer's February 2025 sales package: predicted lease rates of $28 to $33 per sq ft, predicted cap rate of 6.5 to 7.5%, Okotoks commercial vacancy around 1%.

## Contact

- Dustin Rustebakke, Director: (403) 969-3776, dustin@thefoundryokotoks.ca
- Enquiry form: https://www.thefoundryokotoks.ca/#contact

## Pages and documents

- [Home page with site plan, specs, zoning, FAQ and contact form](https://www.thefoundryokotoks.ca/)
- [Owners: The Fig, Thelma & Thistle and Sawback Builders](https://www.thefoundryokotoks.ca/owners)
- [Sales package, February 2025 (PDF)](https://www.thefoundryokotoks.ca/assets/docs/foundry-okotoks-sales-package.pdf)
- [Okotoks IBP zoning glossary (PDF)](https://www.thefoundryokotoks.ca/assets/docs/okotoks-ibp-zoning-glossary.pdf)