Foothills North

4649 52 Avenue Southeast, Calgary, AB, T2C, CA

Description

Prime Industrial Investment Opportunity in Calgary's Largest Industrial District

JLL presents Foothills North, an exceptional 618,357 square foot industrial complex strategically positioned in Calgary's premier industrial corridor. This institutionally-developed industrial asset portfolio comprises four Class A industrial buildings on 23.62 acres, offering investors immediate access to Calgary's robust industrial real estate market.

The multi-tenant industrial complex features 98.4% occupancy across 11 diverse tenants with a 3.5-year weighted average lease term (WALT), providing stable cash flow and value-add potential. Located at 4605-4649, 4707-4733, 5003-5025 52 Avenue SE and 5211-5241 52 Street SE, the property benefits from frontage on 52nd Street SE, a major industrial transportation corridor with direct rail access and public transit connectivity.

This Calgary industrial investment represents a rare opportunity to acquire an institutional-quality industrial portfolio in Western Canada's key logistics hub. The complex's scalable platform design and professional management history make it ideal for institutional investors seeking diversified industrial exposure with proven operational excellence and strategic expansion potential in Alberta's industrial market.

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Attributes

Building area net

57,447 sm

Land area gross

2 sm

Buildings

Occupancy

98.4%

Tenants

WALT

3.5 years

Building class

Class A

Year built

1998

Units

Management

Institutionally managed since development

Media

Investment highlights

Industrial Market Strength Calgary's industrial sector demonstrates robust fundamentals driven by Alberta's diversified economy, energy sector recovery, and growing logistics demand. The market benefits from limited new supply, increasing absorption rates, and rising rental growth, positioning Foothills North to capitalize on strengthening industrial real estate fundamentals.

Central Location with Excellent Connectivity Strategically positioned at the edge of Calgary's largest industrial district with frontage on 52nd Street SE, providing exceptional access to major transportation networks, direct rail infrastructure, public transit, and key distribution corridors connecting Western Canada markets.

Ability to Acquire Scale Rare opportunity to secure substantial industrial exposure through a single transaction, with 618,357 square feet across four buildings providing immediate portfolio scale and operational efficiencies typically unavailable in smaller industrial acquisitions.

Below Market Rents Current rental rates present significant value-add potential with rents below prevailing market levels, offering investors immediate upside opportunity through strategic re-leasing and rental optimization as existing leases mature over the 3.5-year average term.

Proven Institutional Management Platform Professionally developed, owned, and managed industrial asset with established operational systems and 98.4% occupancy demonstrates consistent performance, providing investors confidence in continued cash flow generation and asset appreciation potential.