Closing Date:  June 2022

Address:  1628 48th Avenue SW, Calgary, Alberta
Site Area: 30,893 SF (0.71 Acres)

Year Built:  2018

Highlights:

  • Nearby Amenities & Services: Located walking distance of multiple amenities including the Altadore Shopping Centre, Sandy Beach Park, Glenmore Athletic Park, and numerous schools
  • Unique Suite Offering: The luxurious and spacious townhomes attract a wide range of tenant types including young professionals and families that are seeking large layouts with high-end finishes combined with outdoor living space
  • Income Upside: In-place rents are below market, providing NOI growth upon current lease expiries supported by a demographic that has an avg. household income of $295,893
  • Limited Competitive Product: Limited supply of comparable, modern and stylish townhome rentals provides investors the opportunity to acquire an asset that offers stable cash flow from an established tenant base
  • Attractive In-Place Financing: The property has attractive in-place financing that produces desirable levered returns

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
Drew Redekopp

Drew is a Sales Associate with the CBRE National Investment Team-Calgary and joined the Team in 2016. He has over 10 years of commercial real estate experience.

Drew Redekopp
Sales Associate