Closing Date:  March 2022

Address:  4216 61st Avenue SE, Calgary, Alberta
Net Rentable Area: 257,383 SF

Year Built:  1976, 2019 (Renovated)

Highlights:

• Rare opportunity to acquire a recently renovated, 257,383 SF distribution and warehouse facility situated within Calgary’s Foothills Industrial node with rail spur access and in proximity to major transportation routes
• Fully-leased to five tenants with a weighted average remaining lease term of 6.4 years and an average in-place rent of $6.33 PSF
• The Calgary industrial market has seen 4.1M SF of positive absorption in the last two quarters alone, dropping the vacancy rate to 4.7% as of Q2 2021, the largest two quarter absorption total in over 15 years