For Lease · Office

200, 1638 10 Avenue SW, Calgary

200, 1638 10 Avenue SW, Calgary, AB T3C3Y5

$10,979 Monthly

5,137 SF

Asset Class

Office

Size

5,137 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$2

Occupancy

89%

Year Built

1980

About this property

Most office space near downtown Calgary comes in pieces: 600 sq ft here, 2,000 there.Suite 200 at 1638 10 Ave SW is different. It’s the whole second floor, about 5,270 sq ft. It’s already built out with 7 private offices, two open areas for team seating, a curved reception off the elevator, a kitchen, a server room and two storage rooms.Step out the front door and Sunalta LRT Station is right across 10 Avenue. Bow Trail and 14 St SW are minutes away, and parking is on-site.If your team is outgrowing its space, you can move into this one without a build-out. Message me to book a walkthrough. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$11K
Down payment30% · $3K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$51

Projected NOI

$548

Annual cash flow

$-60

Cash-on-cash

-1.82%

DSCR

0.90

Going-in cap

5.00%

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
Vector Robotics2,100 SF2031-12
Vector Robotics2,477 SF2031-12

Area demographics

Trade area within 3 miles of the property.

Population

40,771

Households

18,540

Median income

$73,500

Median age

41.2

Daytime population

52,747

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 200, 1638 10 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.