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For Sale High Exposure Retail/Medical Plaza
*Personal Real Estate Corporation
Location1814 33 Street SECalgaryAlberta
ContactJon Buckley*604 630 [email protected]
Curtis Leonhardt*604 638 [email protected]
PRICE
REDUCED
Opportunity
Form Real Estate Advisors Inc. is pleased to announce the sale offering of 1814 33rd Street located in Calgary, AB (the “Subject Property”). The Subject Property features a multi-tenant, single-storey building that is exceptionally located along 17th Avenue SE, one of the major corridors that provides east/west commuting in and out of the City offering high volumes of daily traffic.
For Sale1814 33 Street SE
Calgary, AB
02
Investment Highlights
Freestanding community retail / medical plaza comprised of 8,066 square feet, situated along 17th Avenue SE in Calgary
Excellent exposure and visibility to daytime population along 17th Avenue SE with traffic counts exceeding 42,000 VPD
Located within the recently proposed area plan for the 17th Avenue SE Corridor which, if approved, will support high density mixed-use development with building heights of greater than 10-storeys.
The City of Calgary is in the process of designing and building a transit-way on 17th Avenue SE to reduce travel times and increase reliability for Calgarians commuting from the southeast. There will be a new transit station within 500 metres of the Subject Property.
Area tenants include: Rexall Drugstore, Shoppers Drug Mart, Co-op Grocery Store, Dollarama, Mac’s Conveniences Store, CIBC, TD Bank, and Scotiabank.
Attractive, assumable financing in place.
Municipal Address: 1814 33 Street SE, Calgary, AB
LINC: 0013 290 887
Legal Description: Lot 1; Block 3; Plan 1079HU
Site Size: 22,215 SF (0.51 AC)
Gross Leasable Area: 8,066 SF
Tenants:• Providence Family Medical Centre• Pharmaselect Pharmacy• Hakim Optical
Occupancy: 100%
Parking: Approximately 27 parking stalls (3.35 per 1,000 SF)
Year Built: 1992
Renovations:Building was demised into three CRU’s and extensively renovated in 2004, and new HVAC units installed in 2015.
Zoning: C-COR1 Commercial Corridor
OCP: Southeast 17 Corridor
Environmental:
A Phase II Environmental Site Assessment (ESA) was completed in August 2017. Copies of the latest environmental report will be made available upon execution of the Confidentiality Agreement (“CA”).
Financing:Attractive in-place financing can be assumed or delivered clear title.
Year 1 NOI: $266,833
Asking Price: $3,980,000
Cap Rate: 6.70%
Salient Details
For Sale1814 33 Street SE
Calgary, AB
OCP: Southeast 17 Main Street Area Redevelopment Plan
The City of Calgary is in the planning stage of the Southeast 17 Main Street Area Redevelopment Plan (“ARP”). The Plan Area is approximately 5 kilometres from downtown Calgary along 17th Avenue SE, one of the major corridors that provides east/west commuting in and out of the City. The Southeast 17 Main Street ARP is bounded by Barlow Trail/26th Street SE on the west and the Canadian National Railway line on the east, and includes one full city block on each side of 17th Avenue SE.
03
Southeast 17 Main Street (International Avenue) Area Redevelopment Plan | DRAFT 7
Map 2 | Plan Location
"2
"2
DEERFOOTTR
SE
8 AV SE
26 AV SE
28 ST
SE
44 ST
S E
17 AV SE
36 S T
SE
52 ST
NE
BARL
OW T R
S E
MEMORIAL DR SE
17 AV SE
ALBERTPARK/RADISSON
HEIGHTS
SOUTHVIEW
MAYLAND
FORESTHEIGHTS
DOVER
FOREST LAWNINDUSTRIAL
PENBROOKEMEADOWS
INGLEWOOD
REDCARPET
MERIDIAN
FORESTLAWN
BOW RIVER
WESTERN IRRIGATION DISTRICT CANAL
The City of Calgary
"2 lrt_stations
LRT Alignment
Community Boundary
Study Area Boundary
Subject Property
Southeast 17 Main Street (International Avenue) Area Redevelopment Plan | DRAFT 19
Map 4 | Building Height
"1 "1 "1"1"1
×S
×C
×C
×
28 ST
S E
20 AV SE
RADI
SSON
DR S
E
14 AV SE
11 AV SE
DEERFOOTTR SE
17 AV SE
28 ST
SE
26 ST SE
BAR L
OW TR
SE
33 ST
SE
12 AV SE
44 ST
SE
52 ST
NE
36 ST
SE
23 AV SE
14 AV SE
19 AV SE
16 AV SE
17 AV SE
CN RAILWAY
WR
WESTERN IRRIGATIONDISTRICTCANAL
×C Community Centre
×S School
"1 Rapid Transit Bus Stop
Neighbourhood Low Rise (Max 4 Stories)
Community Mid Rise (Max 6 Stories)
Community Centre (6-10 Stories)
Community High Density (Above 10 Stories)
Employment / Industrial (Max 3 Stories)
Open Space
Future Comprehensive
Active Frontage
Special Area
Plan Location
Building Height
Demographics
Calgary Population (2018)
1,359,777
Households (3 KM)
70,232
Projected Growth Rate (2018 - 2023)
10.9%Average Household Income (3 KM)
$77,402
The Subject Property is located in the Western Gateway Zone which is between Barlow Trail and 26th Street at the west end of 17th Avenue SE and 36th Street SE, and from 15th to 19th Avenue SE. The Western Gateway Zone contains the 28th and 36th Street SE Bus Rapid Transit (“BRT”) Stations, and also includes the Main Street Village which is planned to be recognized as a distinct character area with distinctive building designs and streetscape features. The area features specialty shops, a linear park and a mixture of diverse but compatible land uses and building heights.
Under the Area Redevelopment Plan, the Subject Property is proposed to adhere to the Community High Density land use designation, which if approved will support high density, mixed-use development with building heights greater than 10-storeys.
Subject Property
Subject Property
For Sale1814 33 Street SE
Calgary, AB
DOWNTOWN CALGARY
BLACKFOOT TRAIL SE
DEERFOOT TRAIL
BARLOW TRAIL SE
MEMORIAL DRIVE
17 AVENU
E SE (42,000 VPD)
9TH AVENUE SE
Subject Site
04
Southeast 17 Main Street (International Avenue) Area Redevelopment Plan | DRAFT44
Map 6 | Pedestrian and Cycling Network
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400 m
200 m
200m
200 m200 m
400 m400 m
400 m
14 AV SE
17 AV SE
20 AV SERA
DISS
ONDR
S E
28 ST
SE26 ST SE
33 ST SE
44 ST
SE
52 ST
NE
36 ST
SE
12 AV SE
23 AV SE
14 AV SE
19 AV SE
16 AV SE
17 AV SE
CN RAILWAY
STERN IRRIGATION DISTRICT CANAL
!� Potential Signal Crossing
!� Intersection/Crossing
"1 Rapid Transit Bus Stop
Distance From BRT Stop
!!!!!!!! Regional Pathway
Cycle Route Planned
### ## Cycle Route Existing
!!!!!!!! Major Pedestrian Connection
Study Area
Transit Network
The City of Calgary is in the process of designing and building a transit-way on 17th Avenue to reduce travel times and increase reliability for Calgarians traveling and commuting from the southeast. There will be a new BRT Station within 500 metres of the Subject Property.
The intent of the transit network is to provide safe, accessible and convenient connections to its user’s destinations. BRT Station and Transit only lanes are planned to be integrated in the 17th Avenue corridor.
Subject Property
The 17 Avenue SE BRT is designed to provide:
Service to Major Intersectionsalong the 17th Avenue SE Corridor
A faster, more reliable limited stop
Service to Downtown
Connections to the
C-Train and Wider BRT
All communications and inquiries related to this opportunity, or requests for additional information or requests regarding procedures, must be made to the Form Retail Advisors Inc. agents named on the first page. No personnel of the Vendor or any of its affiliates should be contacted directly under any circumstance.
Disclaimer: None of the Vendor, its affiliates, Form Real Estate Advisors Inc. or any of their respective representatives makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document, and interested parties should conduct their own independent analysis of the information contained or referred to herein. Nothing contained in this document is, or should be relied on as, a promise or representation, whether as to the past or the future. The Vendor, its affiliates, Form Real Estate Advisors Inc. and their respective representatives are under no obligation to accept any offer made by any person or entity regarding this opportunity.
Form Real Estate Advisors1280-333 Seymour StreetVancouver, BC V6B 5A6
T 604 638 2121 F 604 638 2122
