For Lease · Specialty

222, 40 Sunpark Plaza SE, Calgary

222, 40 Sunpark Plaza SE, Calgary, AB T2X3X7

$1.5M per sq ft / yr

2,185.59 SF

Asset Class

Specialty

Size

2,185.59 SF

Building class

B

Zoning

US — Urban Services

$ / SF

$682

Occupancy

88%

Year Built

2004

About this property

Rare opportunity to acquire a tenanted medical condominium in Sunpark Plaza, a prominent Class A outpatient medical building in Calgary’s established southeast healthcare corridor. This 3,025 SF unit is secured by a national healthcare company with approximately six years remaining on the lease, offering investors dependable income within a highly desirable medical environment. The premises feature an efficient professional layout with multiple offices or treatment rooms, a spacious reception and waiting area, staff facilities, a private washroom, and access to an expansive patio. Two titled parking stalls are also included.Sunpark Plaza is a three-storey, 67,470 SF steel-and-concrete development offering a strong mix of complementary healthcare services, including family medicine, diagnostic imaging, medical specialists, pharmacy services, and daycare. The building features an impressive open-concept lobby, underground tenant parking, and ample free surface parking for patients and visitors.Ideally positioned near the South Calgary Health Centre, the property benefits from excellent visibility, strong surrounding demographics, and convenient access to Macleod Trail, Stoney Trail, and major southeast Calgary communities. An attractive opportunity to acquire income-producing medical real estate in a proven healthcare destination. Possession is subject to legal process. Contact the listing agent for lease details, financial information, and due diligence materials. This property may be acquired individually or as part of a three-property Alberta medical real estate portfolio comprising approximately 11,382 SF. The portfolio includes two Calgary medical condominiums and one freestanding medical building in Didsbury. Contact the listing agent for portfolio pricing and due diligence materials. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.49M
Down payment30% · $447K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$73K

Annual cash flow

$-9K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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 Group1,023 SF2029-10
Meridian Health Group477 SF2029-10
Meridian Health Group400 SF2029-10
Meridian Health Group400 SF2029-10

Area demographics

Trade area within 3 miles of the property.

Population

41,961

Households

16,135

Median income

$98,500

Median age

42.2

Daytime population

38,537

5-yr growth

4.1%

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

Secure deal room

Confidential diligence documents for 222, 40 Sunpark Plaza SE, 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.