A mixed-use commercial building in Calgary has sold for $11.6 million, NAI Advent tells Western Investor.
The two-storey building was constructed in 1982 and is presently 95 per cent occupied by 10 office and four warehouse tenants. The building has a high capitalization rate of 7.83 per cent and has been institutionally managed since its completion. The building underwent recent capital improvements.
The property is located at 7260 12 St. SE, Calgary.
Breakdown:
Price: $11,600,000
Lot Size: 86,000 SF
Property Type: Office / Industrial
City: Calgary
Province: Alberta
Name of Buyer’s Brokerage: NAI Advent
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