For Sale Investment / Owner-User Opportunity 534 17 AVENUE SW Calgary, Alberta the OFFERING
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For Sale Investment / Owner-User Opportunity 534 17 AVENUE SW Calgary, Alberta THE OFFERING 534 - 17 Avenue SW (the “Property”) represents an excellent opportunity to acquire a mixed-use retail/office property located on the high-profile corner of 17 Avenue SW and 5 Street SW. The 24,486 square foot (“SF”) Property is situated in a high demand urban street front location, with an abundance of retail, entertainment, service and transit offerings on its doorstep. The Property has been recently upgraded, including front façade, common areas and office improvements. Floors two to four offer the opportunity for an owner-user to occupy up to 17,862 SF. An investor could also acquire the Property for conversion of the office space to residential units. The main floor is leased to the Ship & Anchor Pub, an institution in Calgary’s dinning and entertainment scene. Jones Lang LaSalle Real Estate Services, Inc. (the “Advisor”) has been exclusively retained by the Vendor to seek proposals to acquire the Property. Interested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving detailed information about the Property. 2 | PROPERTY SUMMARY ADDRESS 534 - 17 Avenue SW SITE AREA 0.29 acres or 12,476 SF LEASEABLE AREA 24,486 SF NET OPERATING INCOME $261,390 PARKING Surface: 15 Stalls Underground: 26 Stalls Total: 41 Stalls CURRENT ZONING C-COR1 f3.0h23 Commercial - Corridor 1 NUMBER OF STOREYS 4 REALTY TAX (2020) $99,171.31 OCCUPANCY 27% INVESTMENT HIGHLIGHTS • Best-in-class urban street front location • Stable main floor retail tenant • Over 83 feet of retail frontage • Recent capital upgrades including front façade, main floor and fourth floor office • Expansive wall of windows front and rear elevation, allowing for an abundance of natural light • Underground and surface parking available • Historically low pricing for an asset located on 17 Avenue SW 3 | FLOOR PLANS 6 1/2" STRATEGIC GROUP SUITE 400, 630-8TH AVE SW 8 1/2" CALGARY, AB. T2P 1G6 1'-5 1/2" 9'-3 1/2" 6'-7" 9'-9 1/2" 3'-0 1/2" PROPERTY OF STRATEGIC GROUP. 14'-6" RENTABLE AREA TO BE CONFIRMED BY 'BOMA' SURVEY 6'-2" 13'-4 1/2" 1'-4" 24'-4" 8'-9" FREEZER DO NOT SCALE DRAWINGS COOLER 5'-10" 3'-0" 1'-7 1/2" 3'-0" DRY STORAGE 8'-1" 1ST FLOOR 1'-1 1/2" 2'-3" 1'-6" 11'-9 1/2" 5'-6" 1'-6" 6'-3 1/2" 9'-8" 5'-8" 4'-0 1/2" 3'-8 1/2" 3'-0" 18'-11" 4'-8" 5'-8" 3'-0" 1'-6" 6 1/2" STAIR WELL 8 1/2" 8'-8" 8'-1" 8'-8 1/2" 5'-5" 9'-10" 10'-10" 21'-11 1/2" 11'-5" 11'-8 1/2" 7 1/2" 1'-0" 37'-5 1/2" 16'-4" 8'-6 1/2" 5'-7" 5'-4" 3'-8" WOMEN 7'-5 1/2" 1'-0 1/2" 9'-10" 11'-8" 4'-2" 2'-5 1/2" 4'-5 1/2" 3'-10" 1'-10" 13'-3 1/2" 12'-11 1/2" SOUND ROOM 1'-0" 91'-8" 3'-0" 4'-8 1/2" 3'-3 1/2" 3'-0 1/2" 6'-0" 2'-6" 6 1/2" 2'-11 1/2" 10'-2" 8'-0 1/2" 6'-7 1/2" 4'-9" 6'-4" MEN 4'-10 1/2" 3'-1 1/2" 1'-11 1/2" BAR AREA 7" 11'-7 1/2" 2'-1 1/2" 2'-5 1/2" 9'-3" 1'-3" 10'-2" 1'-3" 5'-3" 66'-2 1/2" 19'-6" 17'-11" 15'-2" 16'-7 1/2" BUILDING: 9" 534 CAPITAL CORP 2'-2" 15'-6 1/2" 3'-10 1/2" 6'-5" 36'-9 1/2" 6 1/2" 534, 17TH AVENUE SW 30'-6" CALGARY, ALBERTA T2S 0B1 1'-3" 3'-0" 5'-9" 6'-6" 5'-2" 5'-8 1/2" 5'-4 1/2" PROJECT: 4'-5" 8" 6'-11" 5'-4" 5'-2" ELEVATOR DIMENSIONED 2'-0" 15'-3" 3'-3 1/2" FLOOR PLANS FOYER SHEET TITLE: 5'-4" 5'-9 1/2" 4'-11" 3'-0" 15'-9" 11'-9 1/2" 5'-6" 6'-6 1/2" 9" 13'-2 1/2" 7 1/2" STAIR WELL 7 1/2" 8 1/2" FLOOR 01 9" 1'-9" 3'-7" 4'-2 1/2" 6 1/2" 3'-7 1/2" 3'-7 1/2" 4'-0 1/2" 11'-1" 5'-7 1/2" 5'-2" 7'-11 1/2" 18'-1" 6'-0" 21'-11" 6 1/2" DRAWN/CHECKED: R.K/M.T DATE: 17-05-4 1'-11 1/2" 1'-11 1/2" 1'-11 1/2" 3'-2 1/2" SCALE: AS NOTED PATIO DN FLOOR 01 PLAN SHEET NO.: 1 SCALE:3/32"=1'-0" NORTH N:\Leasing\Restricted\- NEW SYSTEM\Properties\534 Capital Corp\1st Floor\534 Corp - 1st Floor Current.dwg SK1 52'-3" 11'-10 1/2" 7'-9 1/2" 7'-10 1/2" 24'-8 1/2" STRATEGIC GROUP SUITE 400, 630-8TH AVE SW CALGARY, AB. T2P 1G6 PROPERTY OF STRATEGIC GROUP. RENTABLE AREA TO BE CONFIRMED BY 10'-8" 10'-8 1/2" 'BOMA' SURVEY 5'-11" 4'-1 1/2" 14'-9 1/2" 3'-11" 18'-3 1/2" DO NOT SCALE DRAWINGS 5'-7" 25'-0" 24'-11" 3'-0" 24'-1 1/2" 4'-4" 1'-4" 2ND 3'-0" FLOOR 3'-0" 1'-4" 10'-6 1/2" 3'-1" 5'-4" 3'-0" 8'-10 1/2" 2'-10" 7'-3" 16'-1 1/2" 9'-6" 9'-2" 3'-8" 17'-8" 3'-7" 2'-3" 3'-0" 8'-1" 2'-3" 7'-8 1/2" 3'-6 1/2" 5'-0" 12'-10 1/2" 11'-3" 3'-11" 5'-7" 4" 3'-0" 3'-0" 4'-6 1/2" 1'-2" 8'-3" 1'-8" 3'-10" 1'-0" 9'-5" 14'-0" 13'-1" 11 1/2" 1'-1 1/2" 19'-9" 9'-0 1/2" 7'-1 1/2" 7'-11 1/2" 3'-0" 91'-7" 1'-2 1/2" 8'-2" 3'-0" 5'-2 1/2" 12'-6 1/2" 10'-7" 4'-9 1/2" 4'-8 1/2" 1'-4" 5'-2" 35'-3 1/2" 5'-10 1/2" 9'-1" 9'-5 1/2" 8'-5 1/2" 3'-0" 65'-8 1/2" 26'-3 1/2" 7'-10" 5'-1 1/2" 3'-0" 3'-0" 7'-10" BUILDING: 3'-0" 2'-6 1/2" 1'-1 1/2" 534 CAPITAL CORP 3'-11" 1'-10 1/2" 1'-9" 8'-10 1/2" 11'-10" 534, 17TH AVENUE SW 11'-5 1/2" 5'-3 1/2" 8'-8 1/2" 7'-10 1/2" 3'-0" 7'-1" CALGARY, ALBERTA 6'-7" 4'-6 1/2" 23'-11 1/2" T2S 0B1 6'-2" PROJECT: 3'-0" 3'-0" 3'-0" 3'-0" 1'-1 1/2" 2'-3 1/2" 9 1/2" 2'-4" DIMENSIONED 10'-1 1/2" 5'-6 1/2" 6'-0" 3'-0" 4'-7 1/2" 7'-11" FLOOR PLANS 4'-0" SHEET TITLE: 4'-6" 19'-3" 10'-0 1/2" FLOOR 02 1'-3 1/2" 19'-3 1/2" 17'-0 1/2" 10'-7" 1'-2" 1'-7 1/2" 12'-7" 7'-0" 11'-9 1/2" 3'-0" 1'-8 1/2" FLOOR 02 PLAN 5'-0 1/2" DRAWN/CHECKED: R.K/M.T 2'-0" 1 SCALE:3/32"=1'-0" NORTH DATE: 17-05-04 11'-9 1/2" 12'-0" 9'-2 1/2" 8'-7" 4'-4" 8'-4" 28'-8" SCALE: AS NOTED 82'-11" SHEET NO.: N:\Leasing\Restricted\- NEW SYSTEM\Properties\534 Capital Corp\2nd Floor\534 Corp - 2nd Floor Current.dwg SK2 4 | 4TH 3RD FLOOR FLOOR N:\Leasing\Restricted\- NEW SYSTEM\Properties\534 Capital Corp\3rd Floor\534 Capital Corp - 3rd Floor - Current.dwg N:\Leasing\Restricted\- NEW SYSTEM\Properties\534 Capital Corp\4th Floor\534 Capital Corp - 4th Floor - Current.dwg 65'-3" 65'-3" 9 1/2" 8 1/2" 7 1/2" 8 1/2" 7 1/2" 15'-5" 2'-6" 2'-8" 9'-1" 9'-10" 7'-11" 7'-11" 7'-9 1/2" 12'-7" 5'-4" 2'-8" 5'-2 1/2" 14'-3" 8'-2" 7'-11" 7'-9 1/2" 11" 8'-1" 10'-8" 12'-5" 12'-10 1/2" 13'-9 1/2" 11'-10 1/2" 3'-0" 12'-0" 10'-1" 12'-0" 12'-1 1/2" 4'-9 1/2" 15'-11" 16'-1" 3'-0" 7" 7'-11" 1'-4" 8'-0" 4'-1" 3'-3" 4'-0" 3'-11" 5'-1" 3'-0" 5'-5" 3'-0" 3'-8" 10" 24'-6" 6" 6'-0" 15'-5 1/2" 4'-2" 2'-8" 4'-1" 2'-8" 4'-11" 4'-9 1/2" 2'-0" 6'-5" 9'-7" 3'-0" 3'-0" 10'-6" 4'-10" 2'-8" 2'-8" 10'-1" 13'-5 1/2" 3'-0" 1'-2" 4'-9" 1'-2" 1'-1" 2'-10" 3'-0" 9'-1" 4'-6" 7'-6" 5'-0" 12'-6" 1'-1" 5'-4" 3'-0" 4'-1" 6'-8 1/2" 2'-6 1/2" 4'-2" 8'-0" 7'-2 1/2" 3'-0" 4'-1" 15'-0 1/2" 4'-0" 2'-7" 11'-4 1/2" 4'-1" 4'-6" 4'-9 1/2" 3'-7" 3'-10 1/2" 11'-1 1/2" 6" 2'-5" 16'-6" 3'-0" 10'-9 1/2" 16'-1" 13'-7" 16'-7" 11'-0 1/2" 12'-3 1/2" 3'-9" 6'-0" 19'-1 1/2" 12'-7 1/2" 6'-0" 24'-9" 3'-9" 8'-1" 10'-3" 10'-4 1/2" 3'-6" 9'-10" 11'-10 1/2" 3'-0" 8'-9" 2'-4" 30'-8 1/2" 3'-10" 1'-6" 8" 1'-6" 2'-5" 1'-2 1/2" 1'-3" 9'-1 1/2" 3'-0" 10'-6 1/2" 15'-7 1/2" 15'-5 1/2" 9'-8" 3'-0" 7'-6" 3'-0" 8'-1 1/2" 3'-0" 3'-0" 7'-10 1/2" 7'-7 1/2" 4'-4" 8'-1 1/2" 5'-7" 8'-0" 7'-9 1/2" 5'-5 1/2" 3'-0" 3'-0" 5'-7 1/2" 5'-10" 3'-0"10" 4'-6" 8'-5" 8'-4 1/2" 3'-1" 8'-9" 3'-0" 82'-8 1/2" 4'-3" 51'-0" 82'-8 1/2" 51'-4 1/2" 2'-1 1/2" 2'-1 39'-7 1/2" 1'-7 1/2" 3'-0" 4'-10" 16'-0 1/2" 5'-10" 3'-7 1/2" 1'-9" 5'-9 1/2" 8'-11 1/2" 6'-2 1/2" 8'-9" 9'-1 1/2" 9'-2 1/2" 5'-10" 3'-0" 3'-0" 7'-1" 6'-0" 11'-11 1/2" 7'-11 1/2" 12'-3 1/2" 4'-11" 3'-0" 4'-11" 4'-2" 6'-7 1/2" 4'-11" 3'-0" 4'-11" 13'-7" 8'-2 1/2" 10'-5 1/2" 1'-8" 4'-0" 1'-1 1/2" 5'-6" 3'-0" 7'-10" 12'-2 1/2" 16'-10" 1'-7 1/2" 4'-10 1/2" 3'-0" 4'-7 1/2" 14'-6" 3'-6" 3'-8" 14'-2" 12'-0 1/2" 13'-3" 2'-5" 1'-7 1/2" 12'-7" 5'-3 1/2" 2'-0 1/2" 4'-1 1/2" 2'-0 1/2" 1'-9" 15'-3" 1'-5 1/2" 3'-1" 12'-4 1/2" 18'-8 1/2" 15'-11 1/2" 16'-4" 12'-1" 11'-2 1/2" 15'-3" 9'-8 1/2" 3'-0" 3'-3" 1'-5" 3'-0" 3'-5 1/2" 2'-8" 3'-4" 7'-8" 3'-5" 4'-5 1/2" 3'-2" 13'-3" 5'-3 1/2" 15'-5 1/2" 3'-0" 3'-4" 11 1/2" 10'-5" 4'-8" 3'-1" 9'-3 1/2" 6'-2 1/2" 3'-0" 3'-0" 6'-5 1/2" 27'-10" 2'-0" 11'-11" 3'-0" 3'-0" 7'-9 1/2" 1'-10" 6'-11 1/2" 6'-11 4'-3" 3'-0" 18'-0 1/2" 1'-7 1/2" 11'-1" 11'-6" 15'-11" 11'-9" 14'-11" 15'-3" 6'-0" 3'-5" 11'-1 1/2" 11'-5 1/2" 8" 15'-1" 12'-6" 10'-9" 9'-9" 10'-9" 24'-5 1/2" 1'-0" 2'-2" 2'-8" 1'-3 1/2" 13'-7" 3'-8" 2'-8" 3'-5" 10'-1" 9'-9" 9'-7 1/2" 10'-10 1/2" 24'-5 1/2" 90'-5" 1'-3 1/2" 1'-0" 90'-5" 1 FLOOR 03PLAN 1 FLOOR 04PLAN SCALE:3/32"=1'-0" SCALE:3/32"=1'-0" NORTH NORTH 5 | RENTABLE AREATOBECONFIRMEDBY FLOOR 03 FLOOR PLANS DIMENSIONED PROJECT: DATE: DRAWN/CHECKED: BUILDING: 534 CAPITALCORP CALGARY, ALBERTA SHEET NO.: SCALE: SHEET TITLE: 534 17THAVENUESW T2S 0B1 PROPERTY OFSTRATEGICGROUP.