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555 4th Ave SW
Calgary, AB T2P 3E7
Selkirk House · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Conference Centre in the Property
- Efficient LRT Access
- Fitness Centre
EXECUTIVE SUMMARY
This price is well below the current replacement cost! Selkirk House’s Per Square Foot Price is only $85.46, and it comes with freehold land of 0.4 acres (17,582 sf). This price is well below the current replacement cost of constructing a 23-Story concrete building with a leasable area of 219,985 square feet in downtown Calgary. The price, the location, the size, the convenience, and the connectivity, all make it a great property for conversions, namely, to convert this elegant office building to a residential tower or a hotel or university campus with an incentive grant provided by the City of Calgary potentially.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
223,401 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1979/1990
Price
$18,800,000 CAD
Price Per SF
$84.15 CAD
Percent Leased
61%
Tenancy
Multiple
Building Height
23 Stories
Typical Floor Size
11,149 SF
Slab To Slab
10’
Building FAR
12.82
Lot Size
0.40 AC
Zoning
CR20-C20/R - Commercial Residential
Parking
66 Spaces (0.3 Spaces per 1,000 SF Leased)
AMENITIES
- Fitness Center
- Plus 15
- Air Conditioning
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