403-299-7111
2535 3rd Ave SE, Calgary, AB for Sale
Office - FOR SALE
1/9
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2535 3rd Ave SE
Calgary, AB T2A 7W5
Suburban North


HIGHLIGHTS

  • Outstanding location, just 5 minutes from Downtown Calgary
  • High exposure location at the convergence of Deerfoot Trail, Barlow Trail & Memorial Drive in Southeast Calgary
  • Stunning views of Downtown Calgary, the Bow River & the Rocky Mountains to the west
  • Exceptionally designed & constructed in 2008 achieving BOMA Best, LEED Gold & Energy Star certification
  • Institutionally managed to the highest standards, with $3.4 million spent on upgrades in the past two years
  • Exceptional tenant amenities, including a fitness centre, tenant lounge and conference centre

OVERVIEW

RBC Capital Markets Real Estate Group (the “Advisor”) has been retained on an exclusive basis by institutional owners (the “Vendors”), to arrange the sale of a 100% interest in Wood Centre (the “Property”) in Calgary, Alberta. Completed in 2008, Wood Centre is an 8-storey, 91% leased, Class A office building with underground parking encompassing 221,290 square feet that enjoys a prominent location at the convergence of Deerfoot Trail, Barlow Trail and Memorial Drive in Southeast Calgary. The Property offers sweeping views of the Bow River, the Rocky Mountains and Downtown Calgary. This outstanding location receives unparalleled exposure to two of Calgary’s busiest thoroughfares, Barlow Trail and Memorial Drive, and is just a 5 minute drive to Downtown Calgary and a 15 minute drive to the Calgary International Airport. The Property is also a brief, 10 minute walk to both the Franklin LRT Station to the east and the Max Bell LRT Station to the west, providing an ideal central suburban office location for quick and efficient access throughout the City of Calgary. Beautifully designed and constructed, along with $3.4 million in recent ground floor lobby renovations, fitness centre, tenant lounge and conference centre upgrades, the building has achieved BOMA Best Gold, LEED Gold and Energy Star certifications, underscoring its incredible build quality and operational efficiencies. The Property provides a very desirable 7.1 year weighted average lease term to maturity and is anchored by the 92,177 square foot Wood Canada Engineering to November 2033. Other notable tenants include the City of Calgary (27,267 sf to June 2032), SURECALL (14,500 sf to May 2032), Emerson Electric (12,646 sf to April 2029) and Silvera for Seniors (11,075 sf to August 2035). The offering represents an outstanding opportunity to acquire a high-quality office building at an extremely attractive yield at a fraction of replacement cost, as the Calgary office market continues to rebound.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wood Centre

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

A

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

595

LAND DETAILS

LAND ACRES

2.74 AC

LAND SF

119,354 SF

ZONING

I-B

APN/PARCEL ID

071134506

ASK ABOUT THIS PROPERTY

Jason CottleRBC Capital MarketsMore Info
403-299-7111

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Jason CottleRBC Capital MarketsMore Info
403-299-7111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.