Character brick and beam office/retail property located along Macleod Trail, in Calgary’s Beltline community Receivership Sale
Louise Block
© 2020 Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.
Location Overview
W
Louise Block is located in Calgary’s inner-city Beltline S
e v
community on the doorstep of the Downtown Core. The i r Beltline is currently undergoing immense redevelopment D w o N b due to its transit-friendly and amenity rich qualities. The l subject property is within close proximity to the 17th E Avenue Retail & Entertainment District, Repsol Sport 4 Street SW Centre and Stampede Park containing the Saddledome Beltline and future BMO Centre expansion. Additionally, the property boasts strong transit options being within close 2 Street SW proximity to the Victoria Park/Stampede LRT Station and Future Green Line LRT. Mission
Elbow River Lindsay The Park Park Condominium Park Point
Earlton
Avenue Retail and Entertainment District th
17 Stampede Centre Street S Park LRT Line Future Green LRT Line: Centre Street S Station
1 Street SE
Victoria Park/Stampede Macleod Trail S LRT Station SUBJECT PROPERTY
Olympic Way SE Victoria Park Property Overview
Address 1018 Macleod Trail SE, Calgary, AB
10 Avenue SE Total Building N 23,259 sf Area SUBJECT PROPERTY Site Size 13,003 sf (0.30 acre)
LRT Line (underground) CC-X Land Use (Centre City Mixed Use District)
Year of 1910 Construction
Street parking available 11 Avenue SE Parking surrounding property
Short Legal Future Green Line LRT SA;72;37-40 Enoch Description Park Macleod Trail S (23,000 VPD) Macleod Trail Assessment (2020) $3,030,000
Property Highlights • Character brick and beam office/retail property located in Calgary’s Beltline community on the doorstep of the Downtown Core • Strong exposure along Macleod Trail and within walking distance to the LRT Line, Stampede Grounds, BMO Centre expansion and Saddledome • Current tenant roster has a strong weighted average remaining lease term of 4.22 years • Income in-place covers the negative carry for the vacant space • Unique opportunity to acquire a provincially protected building with value-add potential and immediate availability Photo Summary - Exterior Photo Summary - Venue 308
Source: www.venue308.com Tenant Summary
Potential Place
Potential Place is a non-profit that assists individuals with chronic mental illness through personal development, participation and individual empowerment. Potential Place’ services revolve around support, mentorship and personal growth and their values of acceptance, empowerment and egalitarianism. Potential Place helps members by providing them with tools to overcome mental illness and helps them find employment opportunities through its Employment Program. Potential Place also owns two apartment buildings in which they house 25 members. (Occupies 27.82% of leasable area)
Website: www.potentialplace.org
Venue 308 Venue 308 is a character event space utilized for corporate parties, weddings, fashion shows, cocktail parties, conventions, local maker markets and photography sessions. Venue 308 offers a unique space with “sunlight dappled walls, original brick pillars and art deco styling.” The space “is a place to feel inspired by the original character of the building and ahead-of-trend design while also being customizable to the visions of its clients.” (Occupies 21.31% of leasable area) Website: www.venue308.com Offering Interest
Avison Young has been retained by MNP Ltd., in its capacity as court-appointed Receiver of the Property, and not in its personal capacity and without personal liability on an exclusive basis to arrange for the offering and sale of a 100% freehold interest in the subject property. The subject property is being offered for sale without a formal list price. Please contact the listing agents below for information and for details on the offering process.
Municipal 1018 Macleod Trail SE, Address Calgary, AB
Short Legal SA;72;37-40 Description
For more information, please contact:
Walsh Mannas, Principal Kevin Morgans, CCIM, Principal Data Room 403.232.4381 403.232.4318 [email protected] [email protected] Detailed information has been assembled by Avison Young and is available to prospective purchasers. Access to additional Ryan Swelin, Principal Nathan Drury, Senior Associate information will be available in a secure online data room 587.293.3368 587.293.3372 upon receipt of an executed Confidentiality Agreement, and [email protected] [email protected] is provided to prospective entities/interested parties to assist in evaluating the offering.
Click to download Confidentiality Agreement © 2020 Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.