Status: For Sale

Address: 11520 – 11566 24th Street SE, Calgary, AB

Total Site Size: 12.7 Acres (551,884 SF)

Total NRA: 121,750 SF

Highlights:

Professionally Owned & Managed Community Shopping Centre

• Douglas Square is a 121,750 SF Community Shopping Centre spanning across 13 acres, professionally managed by Royop – one of Calgary’s leading real estate developer and manager

Necessity-Based Tenant Roster Servicing an Established & Growing Residential Node

• 98% leased to a diverse tenancy mix of local and national retailers that services Calgary’s residential communities of Douglasdale and Douglas Glen. Douglas Square offers a stable income stream with meaningful upside, with average in-place rents are 7% below market

Robust Market Fundamentals Further Compressing Retail Availability

• Calgary’s retail market continues to experience strong demand as vacancy continues to compress for the third consecutive half-year period, primarily driven by the continued population growth and high cost of construction limiting new supply to record lows in over a decade

Conveniently Located along Major Thoroughfares & Public Transportation

• Excellent exposure to 24th Street SE, which is the main thoroughfare off Deerfoot Trail and is strategically located within walking distance to the future Douglas Glen LRT Station. There is an additional 459 multifamily units under construction immediately to the east of Douglas Square, addressing the demand for additional housing in the area