Notre Dame Place
255 17 Avenue Southwest, Calgary, AB, T2S 2T8, CA
4 518 mètres carrés
Description de l'actif
Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) is pleased to present an opportunity to acquire 500 Fifth which is a prominent and distinctive centre core office tower located at 500 – 5th Avenue SW, Calgary, Alberta (the “Property”). The Property comprises of 261,500 square feet (“SF”) of rentable area and is fully built-out to a functional office standard showcasing exceptional condition. The Property is currently vacant, ready for a new identity in the dynamic Calgary market.
The Property offers a rare opportunity to acquire a value-add office asset, or a complete reposition via residential conversion. The Property has an efficient floor plate and offers no tenant risk, should conversion be desired. Alternatively, an investor can take advantage of the rebounding and robust downtown Calgary tenant market and reposition this asset as a plus 15 connected and well located high quality office opportunity for tenants of various sizes.
The Property is being offered to the market on an unpriced basis. For all inquiries, please contact the Advisor.
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Attributs
Superficie du bâtiment nette
24 297 mètres carrés
Nombre d'étages
25
Année de construction
1982
Superficie du terrain brute
1 619 mètres carrés
Places de parking
75
Zonage
CR20-C20/R20 Commercial - Residential Core
Média
Points forts de l'investissement
VALUE-ADD OR CONVERSION OPPORTUNITY
A rare opportunity to acquire a fully vacant building with floors in turnkey condition. Alternatively, it is an ideal office-to-residential conversion candidate with optimal floor plates.
LEASING VELOCITY ACCELERATES
Leasing activity is trickling over to B class buildings as Central Core Trophy assets are stabilizing and there is less availability within the market. Overall availability has stabilized at 25%, its lowest since 2019.
PRIME LOCATION
Situated in a high-traffic area at the intersection of 5 Ave SW and 4 St SW. 500 Fifth is a short walk to the City of Calgary light rail transit line, Prince’s Island Park, Stephen Ave, and a variety of bars and restaurants.
DENSIFYING NODE
New developments and conversions are coming online within a block of the Property as the City of Calgary has incentivized developers and investors with its office-to-residential and demolition incentive programs.
Contactez les courtiers
500 Fifth (0 Propriétés)
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Dernière mise à jour
26 févr. 2025
