Status: For Sale

Address: 520 5th Avenue SE, 530-550 6th Avenue SE, 525-549 Riverfront Avenue SE, Calgary, AB

Total NRA: 17,627 SF

Year Built: 2015

Occupancy: 91%

Highlights:

Premier Retail Condominiums of Luxury and Institutional Quality Management

The Property exemplifies state-of-the-art condominium standards for retail spaces, featuring spacious layouts and luxurious finishes that enhance the overall customer experience. Each unit is meticulously designed to create an inviting atmosphere, showcasing high-quality materials and contemporary design elements. Since its construction in 2015, the Property has been institutionally managed, ensuring exceptional attention to detail and a steadfast commitment to maintaining the highest standards of service and upkeep. Retail tenants can thrive in an upscale environment that seamlessly combines sophistication with functionality, making it an ideal location for businesses looking to make a lasting impression.

Quality Tenants with Near-Term Income Growth Potential

Evolution East Village offers East Village residents a vibrant and diverse tenant mix, servicing the daily needs and desires with medical services, fitness centers, fashion boutiques, and an array of enticing food and beverage options. The Property features a short-term WALT of 2.7 years and in-place rents currently 4.0% below market, allowing for near-term mark-to-market potential.

Located in The Heart of Calgary’s Trendiest and Fastest Growing-Inner City Neighborhood

Strategically positioned within Calgary’s thriving community of East Village, the Property boasts convenient access to an abundance of amenities. These include celebrated dining establishments, the picturesque Bow River pathways, and the highly anticipated Scotia Place Event Centre. East Village has seen substantial public investment exceeding $400 million over the past several years, driving its remarkable transformation.