1912, 1920 â 10th Ave SW
FO OR
OFFICE BUILDING ON 10TH AVE SW
1912, 1920 – 10th Ave SW Calgary, Alberta
BUY VS. LEASE ANALYSIS COST TO BUY
COST TO LEASE*
$29.56/sf per year
$31.90/sf per year
* Similar property. For complete Buy vs. Lease Analysis see the last page of this brochure.
• Great signage visibility from 10th Avenue SW. • Convenient parking in front of the property. • Character office space • High end finishings • DIRTT wall systems • Common lunch room and boardroom • Signage available • Quick access to Downtown Core • Close to new Sunalta LRT Station
PROPERTY INFORMATION MUNICIPAL ADDRESS:
PARKING: 5 stalls at $150 per
1912/1920 10th Ave SW Calgary, AB
stall, monthly. Additional parking available close by.
ZONING:
NET RENT: Market rates
Direct Control
OP. COSTS: $9.60 per sq ft. (est.)
LANDLORD:
PRICE: $3,200,000
The 1912 Building Corp. BUILDINGS RENTABLE AREAS:
6,057 sq. ft. – 920 10th Ave SW 2,335 sq. ft. – 912 10th Ave SW TOTAL: 8,392 sq. ft. SITE SIZE: 9,964 sq. ft.
FOR MORE INFORMATION OR TO VIEW, PLEASE CONTACT:
LOCAL EXPERTISE
MATTERS
Dan Harmsen • [email protected] Jace Jonsson • [email protected] p: 403.290.0178 f: 403.262.1314 Suite 200, 407 - 8th Avenue SW . Calgary, Alberta T2P 1E5
www.barclaystreet.com
SUNALTA
1920 10TH AVENUE SW
1912 10TH AVENUE SW
6,057 SQ.FT. (RENTABLE)
2,335 SQ.FT. (RENTABLE)
COMMON AREAS
N Office
Office
Office
14' X 10'
Office
10' X 11'
Office
14' X 10'
Office
Office
13' X 11'
Office
SERVER AREA
Office
10' X 11'
O
Office
10' X 11'
Office
FILES / COPY / LAYOUT
WOMEN'S W/C
COURIER
M
LAYOUT & STORAGE
Office
M
HOT WATER TANK MEN'S W/C
O
10' X 11'
A
Office
N
I.T. & BASE BUILDING ELECTRICAL ROOM
Office
10' X 11'
Office
WATER FEATURE
13' X 11'
C
SHOWER Office
KITCHEN
10' X 11'
Office
R
STORAGE Workstation
E A
Office
10' X 11'
145 CONFERENCE
Office
Office
10' X 11'
Office
Workstation
Workstation
Parking
LAYOUT & STORAGE
10' X 11' Workstation
RECEPTION & WAITING
WATER / MECH
Office
10' X 11'
Office
10' X 14'
Office
Office
Office
10' X 12'
10' X 14'
12' X 10'
1 0
T H
A V E N U E
Dan Harmsen • [email protected] Jace Jonsson • [email protected]
S W p:
403.290.0178
COMMON AREAS
Common area – kitchen/lunchroom
1912 10TH AVENUE SW
Common area – boardroom
1920 10TH AVENUE SW
Offices
Reception
Offices. Workstation.
Waiting area
Offices
Hallway
Dan Harmsen • [email protected] Jace Jonsson • [email protected]
p:
403.290.0178
The following analysis is based on the cost of leasing a property and the resulting dollar value one could afford to buy based on the monthly costs.
BUY VS. LEASE ANALYSIS COST TO BUY
COST TO LEASE CAPITAL COST
INTEREST RATE
ANNUAL COST
Purchase Price
$3,200,000
New First Mortgage*
$2,240,000
@ 3.50%
$191,719.80
$960,000
@ 6.00%
$57,600.00
Cash to Close ** Operating Cost
$80,563.00
Total Annual Real Estate Costs
$329,883.00
Total cost per sq. ft. excluding annual principal repayment
$39.31
Total annual real estate costs less first year principle repayment of $81,817.38 Total Cost to Buy (per sq. ft.) Principal Repayment on First Mortgage over five years
$248,065.62
Taxes & Op. Costs: $14.83
Lease
Base Rent: $16.00
Parking
Number of Rate per stall: stalls: 5 $150/ month
TOTAL (per sq. ft.)
ANNUAL COST
$30.83
$258,725.36
Total Annual Real Estate Costs
$267,725.36
Total Cost to Lease (per sq. ft.)
$31.90
$29.56 * 70% financing, 25-year amortization, 3.5% interest rate **Assumed that cash to close could earn 6% in another investment
$439,011.45
N
Bow
Trail S
W SUBJECT
SUNALTA
SUBJECT
10th Avenue SW
17 St SW
18 St SW
10th Avenue SW
The information contained herein has been gathered from sources deemed reliable, but is not warranted as such and does not form any part of any future contract. This offering may be altered or withdrawn at any time without notice.
FOR MORE INFORMATION OR TO VIEW, PLEASE CONTACT:
LOCAL EXPERTISE
MATTERS
$9,000
Dan Harmsen • [email protected] Jace Jonsson • [email protected] p: 403.290.0178 f: 403.262.1314 Suite 200, 407 - 8th Avenue SW . Calgary, Alberta T2P 1E5
www.barclaystreet.com
OFFICE BUILDING ON 10TH AVE SW
1912, 1920 – 10th Ave SW Calgary, Alberta
BUY VS. LEASE ANALYSIS COST TO BUY
COST TO LEASE*
$29.56/sf per year
$31.90/sf per year
* Similar property. For complete Buy vs. Lease Analysis see the last page of this brochure.
• Great signage visibility from 10th Avenue SW. • Convenient parking in front of the property. • Character office space • High end finishings • DIRTT wall systems • Common lunch room and boardroom • Signage available • Quick access to Downtown Core • Close to new Sunalta LRT Station
PROPERTY INFORMATION MUNICIPAL ADDRESS:
PARKING: 5 stalls at $150 per
1912/1920 10th Ave SW Calgary, AB
stall, monthly. Additional parking available close by.
ZONING:
NET RENT: Market rates
Direct Control
OP. COSTS: $9.60 per sq ft. (est.)
LANDLORD:
PRICE: $3,200,000
The 1912 Building Corp. BUILDINGS RENTABLE AREAS:
6,057 sq. ft. – 920 10th Ave SW 2,335 sq. ft. – 912 10th Ave SW TOTAL: 8,392 sq. ft. SITE SIZE: 9,964 sq. ft.
FOR MORE INFORMATION OR TO VIEW, PLEASE CONTACT:
LOCAL EXPERTISE
MATTERS
Dan Harmsen • [email protected] Jace Jonsson • [email protected] p: 403.290.0178 f: 403.262.1314 Suite 200, 407 - 8th Avenue SW . Calgary, Alberta T2P 1E5
www.barclaystreet.com
SUNALTA
1920 10TH AVENUE SW
1912 10TH AVENUE SW
6,057 SQ.FT. (RENTABLE)
2,335 SQ.FT. (RENTABLE)
COMMON AREAS
N Office
Office
Office
14' X 10'
Office
10' X 11'
Office
14' X 10'
Office
Office
13' X 11'
Office
SERVER AREA
Office
10' X 11'
O
Office
10' X 11'
Office
FILES / COPY / LAYOUT
WOMEN'S W/C
COURIER
M
LAYOUT & STORAGE
Office
M
HOT WATER TANK MEN'S W/C
O
10' X 11'
A
Office
N
I.T. & BASE BUILDING ELECTRICAL ROOM
Office
10' X 11'
Office
WATER FEATURE
13' X 11'
C
SHOWER Office
KITCHEN
10' X 11'
Office
R
STORAGE Workstation
E A
Office
10' X 11'
145 CONFERENCE
Office
Office
10' X 11'
Office
Workstation
Workstation
Parking
LAYOUT & STORAGE
10' X 11' Workstation
RECEPTION & WAITING
WATER / MECH
Office
10' X 11'
Office
10' X 14'
Office
Office
Office
10' X 12'
10' X 14'
12' X 10'
1 0
T H
A V E N U E
Dan Harmsen • [email protected] Jace Jonsson • [email protected]
S W p:
403.290.0178
COMMON AREAS
Common area – kitchen/lunchroom
1912 10TH AVENUE SW
Common area – boardroom
1920 10TH AVENUE SW
Offices
Reception
Offices. Workstation.
Waiting area
Offices
Hallway
Dan Harmsen • [email protected] Jace Jonsson • [email protected]
p:
403.290.0178
The following analysis is based on the cost of leasing a property and the resulting dollar value one could afford to buy based on the monthly costs.
BUY VS. LEASE ANALYSIS COST TO BUY
COST TO LEASE CAPITAL COST
INTEREST RATE
ANNUAL COST
Purchase Price
$3,200,000
New First Mortgage*
$2,240,000
@ 3.50%
$191,719.80
$960,000
@ 6.00%
$57,600.00
Cash to Close ** Operating Cost
$80,563.00
Total Annual Real Estate Costs
$329,883.00
Total cost per sq. ft. excluding annual principal repayment
$39.31
Total annual real estate costs less first year principle repayment of $81,817.38 Total Cost to Buy (per sq. ft.) Principal Repayment on First Mortgage over five years
$248,065.62
Taxes & Op. Costs: $14.83
Lease
Base Rent: $16.00
Parking
Number of Rate per stall: stalls: 5 $150/ month
TOTAL (per sq. ft.)
ANNUAL COST
$30.83
$258,725.36
Total Annual Real Estate Costs
$267,725.36
Total Cost to Lease (per sq. ft.)
$31.90
$29.56 * 70% financing, 25-year amortization, 3.5% interest rate **Assumed that cash to close could earn 6% in another investment
$439,011.45
N
Bow
Trail S
W SUBJECT
SUNALTA
SUBJECT
10th Avenue SW
17 St SW
18 St SW
10th Avenue SW
The information contained herein has been gathered from sources deemed reliable, but is not warranted as such and does not form any part of any future contract. This offering may be altered or withdrawn at any time without notice.
FOR MORE INFORMATION OR TO VIEW, PLEASE CONTACT:
LOCAL EXPERTISE
MATTERS
$9,000
Dan Harmsen • [email protected] Jace Jonsson • [email protected] p: 403.290.0178 f: 403.262.1314 Suite 200, 407 - 8th Avenue SW . Calgary, Alberta T2P 1E5
www.barclaystreet.com
