2345 Alyth Road SE

2345 Alyth Road Southeast, Calgary, AB, T2G 3R4, CA

Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”, the “Advisor”) is pleased to present the opportunity to acquire a 100% freehold interest in a single-tenant industrial building located at 2345 Alyth Road SE, Calgary, Alberta (the “Offering”, or the “Property”). The Property is an industrial production and engineering office with service, storage , and repair facility totaling 52,518 square feet (“SF”), on a 6.28-acre site within Central Calgary, which is undergoing a multi-million dollar renovation to accommodate a new long term single-tenant occupancy.

The Property is 100% leased to Pacesetter Drilling Services Ltd. (“Pacesetter”), a wholly-owned division of Schlumberger Limited (NYSE: SLB), which is a publicly traded company with a current market capitalization in excess of US$70 Billion. Pacesetter specializes in providing advanced directional drilling services, custom-modified rotary steerable systems, and performance-driven measurement drilling technologies for the oil and gas industry. Pacesetter’s lease commenced March 1, 2026 for term of 10 years.

The Property represents a rare opportunity to capitalize on strong market fundamentals in Calgary’s tightly held industrial real estate market in one of Calgary’s key transportation corridors, while simultaneously securing a long-term potential redevelopment site in a gentrifying neighbourhood.

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Attributes

Land area gross

2.54 ha

Building area gross

4,697 m²

Occupancy

100%

Zoning

I-G (Industrial General)

Media

Investment Highlights

Prime Location & Accessibility: Direct access and exposure to Blackfoot Trail, a major Central Market thoroughfare. Located in Inglewood, which is full of many great amenities including restaurants and essential service.

Full Renovation: Currently undergoing multi-million dollar renovation managed by Govan Brown, with financial contribution by both Landlord and Tenant. New office, plumbing, heating, electrical, bridge cranes, HVAC, and lighting, among other upgrades.

Exceptional Tenant Covenant: Pacesetter drilled over 2.1 milllion meters across 1,076 runs in Canada in 2025, generating revenues that are estimated to exceed US$140 Million.

Long Term Lease: Pacesetter is creating a campus style facility for their long-term home. Initial 10 year lease term can be extended by tenant’s option for one period of five years.