Investment Overview Highlights Property Summary

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Transcript of Investment Overview Highlights Property Summary

630 – 8 Avenue SW (the “Property”) represents an excellent opportunity to acquire a mixed-use office/ retail property located in the heart of Calgary’s downtown core – on 8 Avenue SW. The 52,231 square foot (“SF”) Property is a unique building that retains mid-century architectural details, with numerous modern upgrades.
The location benefits from the abundance of retail, entertainment, service and transit offerings in its immediate vicinity. Within one block of the Property is the CORE shopping centre, home to over 160 shops and services, and Stephen Avenue, downtown’s iconic main street. East and west bound LRT Stations are within a block north of the Property, providing exceptional access into and out of the downtown core.
Jones Lang LaSalle Real Estate Services, Inc. (the “Advisor”) has been exclusively retained by Vendor to seek proposals to acquire the Property. Interested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving detailed information about the Property. The Property is being marketed with a list price of $9,000,000 with offers being addressed as they are received. The Vendor will consider a proposal inclusive of a sale lease-back for up to 28,088 square feet of the GLA.
• Central downtown location
• Modern, open floor plans with exposed brick and beams
• Superior access into and out of the core
• Diversified tenant mix
Parking 3 Covered Stalls
Number of Storeys 6
Year of Construction 1950
In Place Income $311,936
Floor Plans Fourth Floor
29'-0 1/2"12'-0"12'-1"12'-0"14'-3"7'-10"
20 '-9
1/ 2"
10 '-1
1" 11
9 1 /2"
5'-4 1/2"13'-5 1/2" 3'-7" 3'-3 1/2" 2'-3" 4'-3" 1'-10" 43'-3 1/2" 9'-7 1/2" 28'-11" 3'-8"
13 '-2
/2"
2'-7" 5'-9" 6'-3 1/2" 5'-11" 6'-11" 13'-8" 13'-8" 13'-8" 5'-3 1/2"
4'-6" 15'-0 1/2" 14'-6" 13'-3"
6'-8"
4'-10"6'-2 "
47'-11"
17'-9 1/2"
CALGARY, AB. T2P 1G6
PROPERTY OF STRATEGIC GROUP. RENTABLE AREA TO BE CONFIRMED BY
'BOMA' SURVEY
PROJECT:
DRAWN/CHECKED: RK
120'-9 1/2"
73 '-9
1/ 2"
18'-6 1/2" 16'-0 1/2" 6'-4" 9'-1 1/2" 11'-7" 16'-5 1/2" 42'-8"
12 '-0
1 1 /2"
7'-6" 6'-2 1/2" 5'-0 1/2" 17'-1" 7'-0 1/2" 8'-5" 8'-0" 21'-6 1/2" 28'-1 1/2"
6'- 5 1
"
18'-3" 7'-4 1/2" 2'-9 1/2" 4'-9" 29'-1" 2'-11 1/2" 6'-8 1/2" 4'-0 1/2" 3'-2" 11'-11" 1'-4 1/2" 18'-3" 8'-8"
9'- 4"
4'- 4"
9'- 3"
5'- 4"
4'- 4"
3'- 10
1/ 2"
6'- 1"
2'-6 1/2"
11 '-5
1'-6" 14'-9" 9'-5 1/2"
CALGARY, AB. T2P 1G6
PROPERTY OF STRATEGIC GROUP. RENTABLE AREA TO BE CONFIRMED BY
'BOMA' SURVEY
PROJECT:
DRAWN/CHECKED: RK
STAIR 1
108'-5"7'-6"
13'-6" 3'-4" 2'-0" 4'-5" 2'-3" 2'-5" 6'-2"
4'-8" 6'-2" 13'-4 1/2" 15'-3 1/2" 7'-2" 7'-11 1/2" 9'-1" 6'-4 1/2" 26'-3"17 '-9
" 7'-
18 '-6
1/ 2"
4'- 6"
19 '-1
1" 11
10 '-1
CALGARY, AB. T2P 1G6
PROPERTY OF STRATEGIC GROUP. RENTABLE AREA TO BE CONFIRMED BY
'BOMA' SURVEY
PROJECT:
DRAWN/CHECKED: RK
Top Tenant (Ranked by Area) Occupied Area (SF) % of GLA
Strategic Realty Management Corporation 7,870 15%
Common Bond 7,631 15%
Meshi 1,200 2%
TOTALS 52,231
Offering Process Jones Lang LaSalle Real Estate Services Inc. (the “Advisor”) has been exclusively retained by the Vendor to seek proposals to acquire the Property. Prospective purchasers should also be aware that an online data room (Box account) is setup to facilitate access to key property-related documents. Please contact the undersigned to arrange access to this website. Interested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving detailed information about the Property.
Area Amenities 1 Sandman Hotel
2 Century Gardens
6 Globe Cinema
15 Stephan Avenue Walk
www.jll.ca DISCLAIMER
© 2020 Jones Lang LaSalle IP, Inc. All rights reserved. Information set out herein (the “Information”) has not been verified by Jones Lang LaSalle Real Estate Services, Inc., Brokerage and any and all of its real estate agents/staff, and to all other divisions of the company (col-lectively “JLL”). JLL does not represent, warrant or guarantee the accuracy, correctness and complete ness of the Information. Given the limitations of the investigations, inquiries and verification that JLL have undertaken, the reliability of this Information must be treated with a suitable degree of caution and neither JLL or any of their affiliates accept any liability or responsibility for the accuracy or completeness of the information contained herein and no reliance should be placed on the information contained in this document. JLL does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from JLL.shown to any third party without the prior written authorization of JLL. All information contained herein is from sources
deemed reliable; however, no representation or warranty is made as to the accuracy thereof.
Ryan Murphy Senior Sales Associate
+1 403 456 5582 [email protected]
Ken Westhaver Senior Vice President
+1 403 456 2209 [email protected]