For Sale · Office

310, 634 6 Avenue SW, Calgary

310, 634 6 Avenue SW, Calgary, AB T2P0S4

$799,000 total

2,179 SF

Asset Class

Office

Size

2,179 SF

Building class

C

Zoning

CO — Commercial Office

$ / SF

$367

Occupancy

87%

Year Built

2013

About this property

Rare opportunity to acquire one or two commercial office condominium units at 634 – 6 Avenue SW in Calgary’s Downtown Commercial Core. Units 310 and 910 are each offered separately at $799,000 or may be purchased together as a package at a further discounted price. Unit 310 comprises approximately 2,267 square feet and features a functional open-concept office layout. The space includes 12 existing workstations, a spacious kitchen, a large storage area and updated finishes. Its flexible configuration is well suited for businesses requiring collaborative workspace, administrative operations, call-centre functions or a combination of open work areas and meeting spaces. Unit 910 offers a more traditional professional office layout, making it ideal for a law firm, accounting practice, consulting company, financial services business, medical or professional services provider, or other organization requiring private offices, meeting rooms and defined work areas. The units may be purchased separately, allowing a purchaser to select the layout best suited to its operational needs. Alternatively, both units may be acquired together at a discounted package price. The combined acquisition provides a unique opportunity to maintain executive and administrative operations on separate floors, accommodate multiple departments, occupy one unit while leasing the other, or hold both units as a long-term commercial investment. The building offers direct access to Calgary’s Plus 15 pedestrian network and is conveniently located approximately one block from the CTrain. The property is also within close proximity to the Calgary Courts Centre, major downtown office towers, restaurants, cafés, hotels, banking services and other business amenities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$799K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$46K

Annual cash flow

$2K

Cash-on-cash

0.83%

DSCR

1.04

Going-in cap

5.79%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group1,311 SF2031-09
Meridian Health Group400 SF2031-09
Meridian Health Group400 SF2031-09
Meridian Health Group400 SF2031-09

Area demographics

Trade area within 3 miles of the property.

Population

93,912

Households

41,616

Median income

$83,500

Median age

43

Daytime population

121,820

5-yr growth

5.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 310, 634 6 Avenue SW, Calgary.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.