Urban Realty is proud to offer for sale a 100% freehold
interest in a Mixed use office and retail center located at
15 Royal Vista Place NW Calgary AB. The property spans
62,000 square feet of Retail, Medical and Office Tenant’s
and is 100% leased. Sitting on just under 4.26 Acres
the development features a couple free standing buildings
currently leased to a national bank and a dental surgeon
and a 3-storey mixed use office and retail building
containing neighborhood retail and medical Tenant’s.
The investment offers investors a secure long-term hold
with opportunities to increase cash flow on renewals and
build an additional pad site on the property. Most Tenant’s
have been at the location for 5+ years and there is very
little turn over with the Tenant’s. The property is being
offered for sale at $26,000,000.00 which represents a
capitalization rate of 6.5%