automotive investment offering 2730-23 street ne 23 street ne_property sum… · highly desirable...
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A u t o m o t i v e I n v e s t m e n t O f f e r i n g
CALGARY, ALBERTA
2 7 3 0 - 2 3 S T R E E T N E
2 3 S T R E E T N E
B A R L O W T R A I L N E
2 7 A v e n u e N E
2730 - 23 STREET NE, CALGARY, ALBERTAAUTOMOTIVE INVESTMENT OFFERING
VISTA HEIGHTS
SOUTH AIRWAYS
MAYLAND
RENFREW
MARLBOROUGH
MAYLAND HEIGHTS
MERIDIAN
BRIDGELAND/RIVERSIDE
FRANKLIN
SUNRIDGE
RUNDLE
16 Avenue NETrans-Canada Hwy
52 Street NE
Memorial Drive E
32 Avenue NE
Barlo
w T
rail
NE
Dee
rfoot
Tra
il
36 S
treet
NE
Sunridge Mall
Real CanadianSuperstore
Marlborough Mall
SUNRIDGE MALL
SUBJECT PROPERTY
THE OPPORTUNITY
Jones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”) is pleased to offer for sale a 100% freehold interest in an automotive investment property located at 2730 – 23 Street NE, Calgary, AB (the “Property”). Available is a freestanding automotive property leased to two tenants at the primary intersection of 27 Avenue NE and Barlow Trail NE.
The Property is fully leased to Barlow Motors and TJ Motors. The Property offers quality tenancies, providing complementary service lines. Further, the low site coverage allows for ample parking, providing the automotive retailer significant parking capacity. Long-term, the Property represents having the potential for redevelopment to a higher level of commercial density.
The Property provides prospective investors with an attractive opportunity to capitalize on a premium quality automotive asset within a primary automotive retail corridor. The Property is being offered for sale at a price of $6,200,000.
INVESTMENT HIGHLIGHTS
▪ Highly desirable location at the corner of 27 Avenue NE and Barlow Trail NE
▪ Low site coverage ▪ Stable income and attractive return ▪ Competitive automotive dealers in the immediate vicinity
7.8 KM toDowntown Calgary
2.7 KM to Rundle C-Train Station
13.2 KM to Calgary International Airport
Wide variety of retail in close proximately
1.8 KM to Sunridge Mall
92 M to #19 and #182 Bus Stop
PROPERTY SUMMARY
ADDRESS 2730 - 23 Street NE, Calgary, Alberta
COMMUNITY South Airways
SITE AREA 1.31 acres
BUILDING SIZE 8,640 s.f.
YEAR BUILT 1989
SHORT LEGAL 9912856;1;5
LAND USE DESIGNATION C-COR3 f1.0h12
PARKING RATIO 9.84 per 1,000
CURRENT OCCUPANCY 100%
WALT 4.33
1A
1
2
201
1A
8
1
CALGARY INTERNATIONAL
AIRPORT
CALGARY CORE DOWNTOWN
JLL CAPITAL MARKETSjll.ca I 403-456-2233Suite 500 - 301 8th Ave SW Calgary, AB T2P 1C5
CHRIS SAUNDERSJLL Industrial, CalgarySenior Vice President(403) [email protected]
RYAN MURPHY JLL Capital Markets, Calgary Senior Sales Associate (403) 456-5582 [email protected]
All inquiries regarding the Property should be directed to:
DISCLAIMER© 2019 Jones Lang LaSalle IP, Inc. All rights reserved. Information set out herein (the “Information”) has not been verified by Jones Lang LaSalle Real Estate Services, Inc., Brokerage and any and all of its real estate agents/staff, and to all other divisions of the company (collectively “JLL”). JLL does not represent, warrant or guarantee the accuracy, correctness and complete ness of the Information. Given the limitations of the investigations, inquiries and verification that JLL have undertaken, the reliability of this Information must be treated with a suitable degree of caution and neither JLL or any of their affiliates accept any liability or responsibility for the accuracy or completeness of the information contained herein and no reliance should be placed on the information contained in this document. JLL does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from JLL.
OFFERING PROCESS
Jones Lang LaSalle Real Estate Services Inc. (the “Advisor”) has been exclusively retained by the Vendor to seek proposals to acquire the Property. The Property is offered for sale at $6,200,000. Interested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving detailed information about the Property.
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