For Sale · Office

830, 396 11th Avenue SW, Calgary

830, 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

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$660K
Down payment30% · $198K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

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.

Rent roll (estimated)

TenantAreaExpiry
Cascade Foods Inc.1,018 SF2030-09
Cascade Foods Inc.449 SF2030-09
Aurora Legal LLP400 SF2030-10
Cascade Foods Inc.400 SF2030-09

Area demographics

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.

Secure deal room

Confidential diligence documents for 830, 396 11th 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.