303, 3750 46 Avenue SE, Calgary303, 3750 46 Avenue SE, Calgary — photo 2303, 3750 46 Avenue SE, Calgary — photo 3303, 3750 46 Avenue SE, Calgary — photo 4303, 3750 46 Avenue SE, Calgary — photo 5303, 3750 46 Avenue SE, Calgary — photo 6303, 3750 46 Avenue SE, Calgary — photo 7303, 3750 46 Avenue SE, Calgary — photo 8303, 3750 46 Avenue SE, Calgary — photo 9303, 3750 46 Avenue SE, Calgary — photo 10
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For Sale · Industrial

303, 3750 46 Avenue SE, Calgary

303, 3750 46 Avenue SE, Calgary, AB T2B0L1

$1.2M total

4,855 SF

Asset Class

Industrial

Size

4,855 SF

Building class

A

Zoning

IB — Industrial Business

$ / SF

$247

Occupancy

99%

Year Built

2007

Clear height

28 ft

Loading docks

3

About this property

RARE SOUTHWEST CORNER OFFICE/WAREHOUSE CONDO BAY FOR SALE. Located in the Central SE location of Piegan Crossing, it has easy access to Piegan Trail, Deerfoot Trail and the Ring Road. This unit is 4855 SF over 2 floors with a 3,188 SF footprint on the main floor and a completely separate unit above. The second-level unit is tenant-occupied on a month-to-month term and is available with 90 days' notice. The second level has a vestibule walk up entrance allowing the space to be rented by a third party tenant. The second floor is an open-concept space with a kitchen and bathroom. The Main Floor Unit includes reception, an open boardroom, two offices, a kitchen, warehouse space, an overhead drive-in door, a lab and two bathrooms (one with a shower). This property offers many options: the main and second levels can be occupied by a single tenant or one tenant on the main floor with a second tenant upstairs. • Abundance of natural light. This is an end unit with windows on the west and south sides. • Ample unreserved parking stalls. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$63K

Annual cash flow

$-3K

Cash-on-cash

-0.93%

DSCR

0.95

Going-in cap

5.26%

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
Blue Harbour Design2,997 SF2034-10
Blue Harbour Design1,137 SF2034-10
Blue Harbour Design425 SF2034-10
Blue Harbour Design400 SF2034-10

Area demographics

Trade area within 3 miles of the property.

Population

136,718

Households

50,348

Median income

$108,000

Median age

34

Daytime population

208,100

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 303, 3750 46 Avenue 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.