solaire
FOR SALE: DOWNTOWN WEST-END OFFICE CONDO # 509, 888 - 4TH AVENUE SW, CALGARY, AB
SOLAIRE BY LACAILLE
Alexi Olcheski, Principal 403.232.4332 [email protected]
Paul McKay, Vice President 587.293.3365 [email protected]
© 2017 Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.
Eric Demaere, Associate 587.293.3366 [email protected]
Solaire: Downtown Office Condo For Sale
# 509, 888 - 4TH AVENUE SW, CALGARY, AB
Particulars
888 - 4th Avenue SW, Calgary, AB SUITE: 509 LEGAL DESCRIPTION Condominium Plan 1011382, Unit 16 and 107 undivided one ten thousandth shares in the common property excepting thereout all mines and minerals. Condominium Plan 1011382, Unit 183 and 1 undivided one ten thousandth shares in the common property excepting thereout all mines and minerals. GROSS FLOOR AREA
1,736 sf
YEAR BUILT
2010 on-site concierge from 8 am - 8 pm weekdays, 8 am - 4 pm weekends
BUILDING SECURITY
1 underground titled stall included in price
PARKING
Waterfront Condos
*Additional stalls available The Concord
treat as clear title Eau Claire Avenue SW
PROPERTY TAX (2016)
Future Development Site
Q Haute Cuisine
CONDO FEES
Future Development Site
$740.00 Pper month
2 Avenue SW
SALE PRICE
Riverfront Avenue
$11,696.61 per year
P
Daqing
$ 899,000.00 Centennial Place West
Eau Claire Tower
Devon Tower
Centennial Place East
24
3 Avenue SW
Solaire Solaire
888 - 4th Avenue SW
21
Barclay Mall
TITLE
Anthem Properties
36
Future City Centre Phase II
City Centre Phase I
Future Development Site
Future Dev. Site
Future Dev. Site
Energy
24
Five Ten Fifth
639 5th Ave.
634 6th Bradie Bldg. 11
Vogue
36 Condos
505 2nd St.
Future Oxford Tower Centrium Place
Barclay Mall
816 7th Ave.
707 Fifth Street
9 Street SW
Future Development Site
27
University of Calgary Downtown Campus
Watermark Tower
Taylor Bldg.
Plains-Midstream Plaza
First Alberta Place
Alexi Olcheski, Principal 403.232.4332 9 Avenue SW [email protected]
Gibraltar Place
9 Avenue SW Future Development Site
8th Avenue Place West
8th Avenue Place East
Place 10 East
14
10 Avenue SW
10 Avenue SW 17
Future West Tower 14
35
Retail
6TH
10
T
Telu Buildi
Central United Church
Turner Hicks Block
Avenue
M
Eric Demaere, Associate 587.293.3366 [email protected] Penn West Plaza
E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young. Future Residence Inn & Hotel by Marriott
The Bay
49
Paul McKay, Vice President 587.293.3365 [email protected]
Lougheed Building 6
Telus Building
Stephen 40
Future Development Site
Future Development Site
© 2017 Avison Young Real Estate Alberta Inc. All rights reserved.
First Canadian Centre West
TD Square
8 Avenue SW Panarctic Plaza
56
Brookfield Place Calgary
The CORE Shopping Centre
8 Avenue SW
West Tower
Intact Place
Holt Renfrew
718 8th Ave.
Century Westview Park Bldg. Place
Future Development Site
6 Avenue SW
6 Avenue SW
34
24
TransCanada Tower
Leeson & Lineham
berta
715 5th Ave.
30
1 Street SW
Grid 5
2 Street SW
640 5th Ave.
5 Avenue SW
435 4th
3 Street SW
622 5th
4 Street SW
15
Future Development Site
5 Street SW
Plus
6 Street SW
5 West Building
7 Street SW
8 Street SW
4 Avenue SW Enmax Electrical Substation
150 - 9 Avenue SW
Solaire: Downtown Office Condo For Sale
# 509, 888 - 4TH AVENUE SW, CALGARY, AB
SOLAIRE BY LACAILLE
Suite 509 Floor Plan 1,736 sf Office Office
Kitchen
Office Reception
Office Office
4 AVENUE SW
Alexi Olcheski, Principal 403.232.4332 [email protected]
Paul McKay, Vice President 587.293.3365 [email protected]
© 2017 Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.
Eric Demaere, Associate 587.293.3366 [email protected]
Solaire: Downtown Office Condo For Sale
# 509, 888 - 4TH AVENUE SW, CALGARY, AB
Investment Opportunity: Buy vs Lease Buy Analysis
Lease Analysis CAPITAL COST
INTEREST RATE
ANNUAL COST
BASE RENT
TAXES & OPERATING COSTS
TOTAL PSF
ANNUAL COST
Comparable “A” Class Downtown Property
$18.00
$21.00
$39.00
$67,704
$8,880
Parking
1 stall
$400/month
Property Tax
$11,696
$72,504
Parking Costs
Nil
Total Annual Real Estate Costs Total Lease Cost (Per Square Foot)
$41.76
Purchase Price
$899,000
New First Mortgage *
$674,250
@ 4.50%
$51,012
Cash to Close **
$224,750
@ 4.50%
$10,113.75
Condo Feees
$740/Month
Total Annual Real Estate Costs
$81,701
Total Annual Real Estate Costs Less First Year Principal Repayment of $21,378.82
$60,323
Total Costs (per sq. ft.)
$34.74
Principal Repaymnent on First Mortgage over five years
PROPERTY
$4,800
* 75% financing, 20-year amortization, 4.5% interest rate ** Assumed that cash to close may earn 5% through investment
$117,076
Alexi Olcheski, Principal 403.232.4332 [email protected]
Paul McKay, Vice President 587.293.3365 [email protected]
© 2017 Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.
Eric Demaere, Associate 587.293.3366 [email protected]
SOLAIRE BY LACAILLE
Alexi Olcheski, Principal 403.232.4332 [email protected]
Paul McKay, Vice President 587.293.3365 [email protected]
© 2017 Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.
Eric Demaere, Associate 587.293.3366 [email protected]
Solaire: Downtown Office Condo For Sale
# 509, 888 - 4TH AVENUE SW, CALGARY, AB
Particulars
888 - 4th Avenue SW, Calgary, AB SUITE: 509 LEGAL DESCRIPTION Condominium Plan 1011382, Unit 16 and 107 undivided one ten thousandth shares in the common property excepting thereout all mines and minerals. Condominium Plan 1011382, Unit 183 and 1 undivided one ten thousandth shares in the common property excepting thereout all mines and minerals. GROSS FLOOR AREA
1,736 sf
YEAR BUILT
2010 on-site concierge from 8 am - 8 pm weekdays, 8 am - 4 pm weekends
BUILDING SECURITY
1 underground titled stall included in price
PARKING
Waterfront Condos
*Additional stalls available The Concord
treat as clear title Eau Claire Avenue SW
PROPERTY TAX (2016)
Future Development Site
Q Haute Cuisine
CONDO FEES
Future Development Site
$740.00 Pper month
2 Avenue SW
SALE PRICE
Riverfront Avenue
$11,696.61 per year
P
Daqing
$ 899,000.00 Centennial Place West
Eau Claire Tower
Devon Tower
Centennial Place East
24
3 Avenue SW
Solaire Solaire
888 - 4th Avenue SW
21
Barclay Mall
TITLE
Anthem Properties
36
Future City Centre Phase II
City Centre Phase I
Future Development Site
Future Dev. Site
Future Dev. Site
Energy
24
Five Ten Fifth
639 5th Ave.
634 6th Bradie Bldg. 11
Vogue
36 Condos
505 2nd St.
Future Oxford Tower Centrium Place
Barclay Mall
816 7th Ave.
707 Fifth Street
9 Street SW
Future Development Site
27
University of Calgary Downtown Campus
Watermark Tower
Taylor Bldg.
Plains-Midstream Plaza
First Alberta Place
Alexi Olcheski, Principal 403.232.4332 9 Avenue SW [email protected]
Gibraltar Place
9 Avenue SW Future Development Site
8th Avenue Place West
8th Avenue Place East
Place 10 East
14
10 Avenue SW
10 Avenue SW 17
Future West Tower 14
35
Retail
6TH
10
T
Telu Buildi
Central United Church
Turner Hicks Block
Avenue
M
Eric Demaere, Associate 587.293.3366 [email protected] Penn West Plaza
E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young. Future Residence Inn & Hotel by Marriott
The Bay
49
Paul McKay, Vice President 587.293.3365 [email protected]
Lougheed Building 6
Telus Building
Stephen 40
Future Development Site
Future Development Site
© 2017 Avison Young Real Estate Alberta Inc. All rights reserved.
First Canadian Centre West
TD Square
8 Avenue SW Panarctic Plaza
56
Brookfield Place Calgary
The CORE Shopping Centre
8 Avenue SW
West Tower
Intact Place
Holt Renfrew
718 8th Ave.
Century Westview Park Bldg. Place
Future Development Site
6 Avenue SW
6 Avenue SW
34
24
TransCanada Tower
Leeson & Lineham
berta
715 5th Ave.
30
1 Street SW
Grid 5
2 Street SW
640 5th Ave.
5 Avenue SW
435 4th
3 Street SW
622 5th
4 Street SW
15
Future Development Site
5 Street SW
Plus
6 Street SW
5 West Building
7 Street SW
8 Street SW
4 Avenue SW Enmax Electrical Substation
150 - 9 Avenue SW
Solaire: Downtown Office Condo For Sale
# 509, 888 - 4TH AVENUE SW, CALGARY, AB
SOLAIRE BY LACAILLE
Suite 509 Floor Plan 1,736 sf Office Office
Kitchen
Office Reception
Office Office
4 AVENUE SW
Alexi Olcheski, Principal 403.232.4332 [email protected]
Paul McKay, Vice President 587.293.3365 [email protected]
© 2017 Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.
Eric Demaere, Associate 587.293.3366 [email protected]
Solaire: Downtown Office Condo For Sale
# 509, 888 - 4TH AVENUE SW, CALGARY, AB
Investment Opportunity: Buy vs Lease Buy Analysis
Lease Analysis CAPITAL COST
INTEREST RATE
ANNUAL COST
BASE RENT
TAXES & OPERATING COSTS
TOTAL PSF
ANNUAL COST
Comparable “A” Class Downtown Property
$18.00
$21.00
$39.00
$67,704
$8,880
Parking
1 stall
$400/month
Property Tax
$11,696
$72,504
Parking Costs
Nil
Total Annual Real Estate Costs Total Lease Cost (Per Square Foot)
$41.76
Purchase Price
$899,000
New First Mortgage *
$674,250
@ 4.50%
$51,012
Cash to Close **
$224,750
@ 4.50%
$10,113.75
Condo Feees
$740/Month
Total Annual Real Estate Costs
$81,701
Total Annual Real Estate Costs Less First Year Principal Repayment of $21,378.82
$60,323
Total Costs (per sq. ft.)
$34.74
Principal Repaymnent on First Mortgage over five years
PROPERTY
$4,800
* 75% financing, 20-year amortization, 4.5% interest rate ** Assumed that cash to close may earn 5% through investment
$117,076
Alexi Olcheski, Principal 403.232.4332 [email protected]
Paul McKay, Vice President 587.293.3365 [email protected]
© 2017 Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.
Eric Demaere, Associate 587.293.3366 [email protected]
