Oldcastle Industrial

3815 72 Avenue Southeast, Calgary, AB, T2C 2K3, 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 3815 - 72 Avenue SE, Calgary, Alberta (the “Offering”, or the “Property”). The Property is an industrial warehouse and manufacturing plant totaling 84,188 square feet ("SF"), situated on a 5.03-acre site within core Foothills Industrial Park.

The Property is currently 100% leased to a strong tenant financial covenant being Oldcastle Building Envelope which is North America's leading vertically integrated manufacturer, fabricator, and distributor of architectural glass, glazing systems, and hardware and supplies with over 80 locations across the U.S. and Canada. The weighted average remaining lease term (“W.A.L.T.”) is four 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 commercial areas.

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Attributes

Year built

1984

Land area gross

2.04 ha

Building area net

7,821 m²

Office Area

3,368 SF

Warehouse/Shop

80,820 SF

Occupancy

100%

Zoning

IG Industrial General

Parking spaces

Media

Investment Highlights

100% leased to Oldcastle, a $3.45 billion market leader in architectural building products
Prominent exposure site within Foothills Industrial Park, one of Calgary's premier commercial district
Functional dock loading area with drive-in loading on all four sides of the building, maximizing building access
Superior light manufacturing infrastructure featuring exceptional power capacity, overhead crane systems, and comprehensive dock and drive-in loading facilities
Secure 4-year W.A.L.T. ensures stable income flow
Under-market rents provide 20% upside potential