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
Richie Bhamra
Richie leads the CBRE National Investment Team in Calgary.
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 Senior Vice President with the CBRE National Investment Team in Calgary with over 15 years of commercial real estate experience.
Tyler Allen
Senior 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