- What An industrial property in Calgary has been put up for sale
- Why The property has three tenants and is 100% leased
- What next Marcus & Millichap have the marketing assignment
An industrial property in Calgary has hit the market hoping to trade for around $35m, Green Street News can reveal.
The 223,000 sq ft industrial property at 1802, 1806 and 1810 Centre Avenue is 100% leased. The price works out to about $157/sq ft.
Marcus & Millichap’s IPA division has the marketing assignment for the 10-acre property on behalf of a large institutional investor.
Tenants include August Electronics, Logistics in Motion and Thermon Canada. The average lease term for the property is 5.3 years. It was refurbished about five years ago.
Near the Deerfoot Trail, the property is in an industrial park 3km east of downtown Calgary and 6km south of Calgary International Airport.
The property is also close to the Mayland Heights residential area.
