37 Vic Turner Airport Rd 13,550 SF 100% Leased Office Building Dawson Creek, BC V1G 0G1 $5,200,000 CAD ($383.76 CAD/SF) 7% Cap Rate

Encana/Ovintiv is a leading North American energy producer with a strong and diverse portfolio of natural gas, oil, and natural gas liquids. The company is committed to supporting the communities where it operates by partnering with employees, community organizations, and other businesses. Encana/Ovintiv is dual-listed on both the TSX and NYSE, with a market capitalization exceeding $9 billion and reported revenue of over $5 billion in 2020.
In January 2013, a single-story office building was completed as a built-to-suit project for Encana/Ovintiv under a 10-year lease at a rate of $29.00 per square foot. While the initial lease term ended in January 2023, the company opted to extend it for an additional five years, with the new term running until December 31, 2027. The building also offers an expansion opportunity, as it was designed to accommodate the potential addition of a second floor.