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1804 1st St

8,090 SF 100% Leased Retail Building Calgary, AB T2M 2T2 $2,391,585 USD ($296 USD/SF) 5.82% Cap Rate

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Executive Summary

The Kelly Block is located just North of 16th Avenue NW in the central community of Tuxedo Park. The Kelly Block is a two-storey building with 2 main level retail tenants and a mix of 6 professional & personal services tenants on the 2nd level. The rentable square footage is 8,090 SF plus a developed basement with utilities, washrooms, & storage. The property generates $197,351.00 in Net Income per annum with annual rent escalations. The weighted average term balance is 45 months. This property has been well managed. Qualified parties are invited to execute our confidentiality agreement to obtain access to the Data Room, which contains the due diligence materials.

For Sale - Fully Leased Investment Property at 1804-1st Street NW Calgary October 2024