Status:  Conditional

Address: 607 – 8th Avenue SW

Net Rentable Area: 242,250 SF

Year Built:  2007

Highlights:

• Exceptional opportunity to acquire a competitively located Class “A” downtown office building with a history of high occupancy, at a value that is significantly below replacement cost
  The Property is 98% leased at an average in-place rent of $22.99 PSF and a WALT of 4.3 years
• Plains Midstream is an investment-grade tenant that has been in occupancy since the Property was constructed and has continued to significantly expand in the building, now occupying 81% of the total NRA
• Plains Midstream Plaza is located in the heart of the downtown core with direct plus-15 access to Eighth Avenue Place, one of the most desired office complexes in the downtown core and the Centennial Parkade, a purpose-built parking facility offering 1,007 parking stalls