825-425-5923
500 5th Ave SW, Calgary, AB for Sale
Office/Residential - FOR SALE
1/4
null | Request Cap Rate


OVERVIEW

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) is pleased to present an opportunity to acquire 500 Fifth which is a prominent and distinctive centre core office tower located at 500 – 5th Avenue SW, Calgary, Alberta (the “Property”). The Property comprises of 261,500 square feet (“SF”) of rentable area and is fully built-out to a functional office standard showcasing exceptional condition. The Property is currently vacant, ready for a new identity in the dynamic Calgary market. The Property offers a rare opportunity to acquire a value-add office asset, or a complete reposition via residential conversion. The Property has an efficient floor plate and offers no tenant risk, should conversion be desired. Alternatively, an investor can take advantage of the rebounding and robust downtown Calgary tenant market and reposition this asset as a plus 15 connected and well located high quality office opportunity for tenants of various sizes. The Property is being offered to the market on an unpriced basis.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Chevron Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

25

BUILDING CLASS

A

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

CR20-C20/R

APN/PARCEL ID

067024802

ASK ABOUT THIS PROPERTY

Ryan MurphyJLLMore Info
825-425-5923

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

Ryan MurphyJLLMore Info
825-425-5923

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