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116 5 SE Av 11,500 SF 100% Leased Retail Building Calgary, AB T2G 0E3 $3,650,000 CAD ($317.39 CAD/SF) 6.99% Cap Rate
Investment Highlights
- Fifth Ave Stand Alone building, 7000sf lot
- adjacent, equal size lot also available
- Commercial zoned, no height restriction
Executive Summary
Calgary Downtown Stand alone commercial investment, better than multi family, no RTA hassles. 9,100sf land, rentable 11500sf. NOI $260,000, 7% cap. 3 tenants, solid leases. Turn-key investment. Right in the heart of DT, across from Bow Tower on 5th Ave. 14 parking at the back. Access from 5th Ave. No building height restriction. The adjacent lot is also available, 7000sf, for a total of 16,100sf of footprint and 115ft of 5th Ave linear exposure.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,500 SF
Year Built
1960
Price
$3,650,000 CAD
Price Per SF
$317.39 CAD
Cap Rate
6.99%
NOI
$255,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.65
Lot Size
0.16 AC
Zoning
CR20-C20 - CR20-C20
Frontage
50’ on Fifth Avenue
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
1 of 5
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116 5 SE Av
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