Calgary Portfolio of properties for Sale - Southwest
Exceptional opportunity to acquire a rare portfolio of four retail properties situated in desirable SW and NW areas of Calgary, each with considerable value-add upside
Avison Young Commercial Real Estate Services, LP (“Avison Young” or the “Advisor”) is pleased to offer a 100% freehold interest in a value-add retail portfolio comprised of four properties located across Calgary, Alberta (collectively, the “Portfolio”, “Property”, “Properties” or the “Offering”). Comprised of over 65,000 square feet of net rentable area (“NRA”), this unique opportunity provides prospective investors with stable and secure cash flow with immediate value-add potential through redevelopment and achieving market rents through strategic leasing and renewal initiatives. The Properties are being offered to the market unpriced and are being made available on a portfolio, sub-portfolio, or individual property basis. The Vendor reserves the right to call for offers at a future date. Please contact the Advisor for further information.
Exceptional management and leasing practices have secured Hawkwood Village in attracting a diverse range of tenants, including medical, professional services, and daily needs based businesses resulting in a long-standing tenant roster with defensive holding income. The Property is currently 100% leased with the ability for an investor to drive significant near-term income upside through a successful leasing program of the upcoming vacancies as the weighted average net rental rate is currently $24.26* psf, approximately 21% below current market rates. Hawkwood Village offers investors the coveted opportunity to acquire a neighbourhood shopping centre that is immediately adjacent to a 7-Eleven c-store and Petro Canada gas bar user and benefits from its proximity to a number of single and multi-family developments that rely on the Property’s largely service-based tenants.
Located along the high traffic east/west corridor of 17th Avenue SW, the Property presents investors an excellent opportunity to generate holding income from the longstanding tenant roster with excellent redevelopment potential in the future. Auto Village has held a remarkable 34-year track record of 100% occupancy which speaks to the commitment of the tenants and the success of their businesses. The strength of the Property lies in its complementary tenant mix that provides an ideal blend of auto-service oriented repair, parts, and wash services. Located in the community of Glendale and surrounded by multiple other family-oriented communities such as Killarney, Glengarry, Rosscarrock and Shaganappi, Auto Village truly offers consumers the “one-stop” shopping destination for automotive retail and service. The Property also offers an investor the option of a large scale future redevelopment site with a density potential of 197,525 buildable square feet at a 5.0 FAR.
Located along the busy arterial road of 17th Avenue SW, the Property has consistently been occupied by Midas for approximately 53 years, demonstrating the property’s long-term commitment to the location and stability of the investment. Predictable rental income, no landlord responsibilities, and minimal financial exposure represent a relatively care-free investment. Substantially below-market rental rates present a valuable opportunity to increase NOI upon lease renewal.
Tarjan Block, with its prime location and impressive frontage on Kensington Road NW, presents an enticing opportunity for investors looking to join Calgary’s bustling urban village. The area boasts a range of amenities and a vibrant community spirit, making Kensington highly desirable for both residents and businesses alike. This dynamic neighbourhood boasts over 250 shops, restaurants, and services, making it one of Calgary’s premier destinations for shopping and dining. The area is serviced by the Sunnyside C-Train station, providing convenient access to downtown and other parts of the city. Recent renovations have helped add to the Property’s appeal, signaling a commitment to modernization and increasing longevity.
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