
















1/18830, 396 11th Avenue SW, Calgary, AB T2R0C5
$659,900 total
2,183 SF
Asset Class
Office
Size
2,183 SF
Building class
B
Zoning
CO — Commercial Office
$ / SF
$302
Occupancy
83%
Year Built
2008
Exceptional opportunity to own a high-end, corner office unit in the heart of downtown Calgary, offering a professional and highly functional layout with extensive quality build-out throughout. The space features a welcoming reception area, multiple private offices, boardroom, open work areas, kitchenette, abundant natural light and impressive downtown skyline views. As a corner unit, the office benefits from excellent exposure to natural light and expansive windows. A titled underground parking stall located directly beside the elevator provides exceptional convenience for the owner. The property is surrounded by an outstanding range of downtown amenities, including restaurants, cafés, shopping, hotels, fitness facilities, LRT and major business services, all within easy walking distance. Adding further value, seller rents one office that currently generates approximately $630/month in rental income, providing an attractive supplemental revenue stream. (id:66811)
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Monthly debt service
$3K
Projected NOI
$29K
Annual cash flow
$-7K
Cash-on-cash
-3.74%
DSCR
0.80
Going-in cap
4.42%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Cascade Foods Inc. | 1,018 SF | 2030-09 |
| Cascade Foods Inc. | 449 SF | 2030-09 |
| Aurora Legal LLP | 400 SF | 2030-10 |
| Cascade Foods Inc. | 400 SF | 2030-09 |
Trade area within 3 miles of the property.
Population
58,220
Households
26,856
Median income
$117,500
Median age
35.5
Daytime population
97,229
5-yr growth
6.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 830, 396 11th Avenue SW, Calgary.
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.