1804 1st St
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1804 1st St
8,090 SF 100% Leased Retail Building Calgary, AB T2M 2T2 $3,390,000 CAD ($419 CAD/SF) 5.82% Cap Rate
EXECUTIVE SUMMARY
The Kelly Block is located just North of 16th Avenue NW in the central community of Tuxedo Park. The Kelly Block is a two-storey building with 2 main level retail tenants and a mix of 6 professional & personal services tenants on the 2nd level. The rentable square footage is 8,090 SF plus a developed basement with utilities, washrooms, & storage. The property generates $197,351.00 in Net Income per annum with annual rent escalations. The weighted average term balance is 45 months. This property has been well managed. Qualified parties are invited to execute our confidentiality agreement to obtain access to the Data Room, which contains the due diligence materials.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,090 SF
Building Class
C
Year Built
1912
Price
$3,390,000 CAD
Price Per SF
$419 CAD
Cap Rate
5.82%
NOI
$197,351 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.71
Lot Size
0.26 AC
Zoning
DC - DC zoning with C-C1 guidelines in effect.
Parking
8 Spaces (0.99 Spaces per 1,000 SF Leased)
Frontage
90 ft on 1 St
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (95)
NEARBY MAJOR RETAILERS
1 of 12
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1804 1st St
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