Closing Date: October 2021
Address: 260253 High Plains Way, Rocky View County, Alberta
Net Rentable Area: 403,360 SF
Year Built: 2021
Highlights:
- Rare opportunity to acquire an investment-grade 409,360 SF distribution centre with efficient highway access, strategically-located to serve the Western Canadian region
- The Calgary region’s industrial market has seen 3M of positive absorption in the last two quarters alone, dropping the availability rate to 7.8% as of Q1 2021 and putting upward pressure on market rental rates
- Fully-leased to two tenants with a WALT of 8.2 years, each with contractual rental rate steps of 10% after the initial 5 years of the term. Average in-place rents are $6.39 PSF with market at 7.10% PSF providing mark to market upside of over 11%
Gallery
Contact for more info
Duncan MacLean
Duncan co-leads the CBRE National Investment Team in Calgary alongside his partner, Richie Bhamra.
Duncan MacLean
Executive Vice President
Richie Bhamra
Richie co-leads the CBRE National Investment Team in Calgary alongside his partner, Duncan MacLean.
Richie Bhamra
Executive Vice President
Geoff Mar
Geoff started his commercial real estate career in 1993. He’s a Senior Vice President with the CBRE National Investment Team in Calgary and has been a vital member since the Team’s inception.
Geoff Mar
Senior Vice President
Tyler Allen
Tyler is a Vice President with the CBRE National Investment Team in Calgary with over 13 years of commercial real estate experience.
Tyler Allen
Vice President
Eighth Avenue Place, East Tower
525 8 Avenue SW, Suite 3200
Calgary, AB, Canada
T2P 1G1
525 8 Avenue SW, Suite 3200
Calgary, AB, Canada
T2P 1G1