Closing Date:  February 2023

Address: 4605 – 4649 52nd Avenue SE, 4707 – 4733 52nd Avenue SE, 5003 – 5052 52nd Avenue SE & 5211 – 5241 52nd Street SE

Net Rentable Area: 617,821 SF

Year Built: 1998

Highlights:

• Comprising a total net rentable area of 617,821 SF across a mix of mid to large-bay product, the Portfolio provides investors the opportunity for a significant entry point into the Calgary market or enhance an existing portfolio base with flexibility of various bay sizes
• The Portfolio offers near-term mark-to-market upside with current average contractual rents nearly 26% below market. Featuring a weighted average remaining lease term of 3.3 years, the Portfolio provides investors with the opportunity capitalize on Calgary’s strong rental rate growth environment
• The Portfolio provides tenants with excellent exposure to 52nd Street SE (Calgary’s heavy haul route) and offers immediate access to transportation thoroughfares including Glenmore Trail, Deerfoot Trail and the Stoney Trail Ring Road. Furthermore, the Portfolio offers tenants access to an active rail spur
• The Calgary industrial market experienced another 2.0 million SF of net positive absorption in the second quarter of 2022, bringing the total year-to-date absorption to approximately 3.9 million SF. This has resulted in the overall vacancy rate dropping by more than 70 bps to 2.5% – the lowest point in nearly 14 years. Of the total net absorption this year, the southeast market accounted for roughly 35% of it, making it one of the most highly desired industrial nodes in the city