For Lease · Specialty

380, 198 Nolanridge Crescent NW, Calgary

380, 198 Nolanridge Crescent NW, Calgary, AB T3R1W9

$429,900 per sq ft / yr

1,145.65 SF

Asset Class

Specialty

Size

1,145.65 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$375

Occupancy

94%

Year Built

2024

About this property

Starting at only $375.00 per sq ft! Rare opportunity at Nolan Hill Tower, a premier mixed-use commercial condominium unit, located at 198 Nolanridge Crescent NW, Calgary. Only 10 units remain, offering centralized cooling, excellent exposure along Sarcee Trail and the flexibility to accommodate a wide range of professional and commercial uses, including accounting, medical specialties, legal services, mortgage brokerage, insurance, financial advisory, engineering, consulting, real estate, immigration services and more. Available spaces range from approximately 1,146 sq. ft. to a combined 12,000 sq. ft., providing flexible options for businesses of various sizes. Strategically positioned within a high-density, rapidly growing area, the property is surrounded by major shopping centres and the communities of Nolan Hill, Glacier Ridge, Evanston, Sage Hill, Kincora, Symons Valley, Citadel and The Hamptons. An excellent opportunity for owner-users and investors seeking high-exposure commercial space in Calgary’s growing northwest. Multiple configurations and unit sizes are available. Uses are subject to condominium bylaws and municipal approvals. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$430K
Down payment30% · $129K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$23K

Annual cash flow

$-515

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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
Halcyon Wealth Partners1,075 SF2032-10

Area demographics

Trade area within 3 miles of the property.

Population

104,366

Households

40,331

Median income

$123,000

Median age

35.8

Daytime population

136,092

5-yr growth

1.8%

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

Secure deal room

Confidential diligence documents for 380, 198 Nolanridge Crescent NW, 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.