investment / owner-user opportunity 534 17 avenue sw
TRANSCRIPT
534 17 AVENUE SW
For Sale
Calgary, Alberta
Investment / Owner-User Opportunity
534 - 17 Avenue SW (the “Property”) represents an excellent opportunity to acquire a mixed-use retail/office property located on the high-profile corner of 17 Avenue SW and 5 Street SW. The 24,486 square foot (“SF”) Property is situated in a high demand urban street front location, with an abundance of retail, entertainment, service and transit offerings on its doorstep. The Property has been recently upgraded, including front façade, common areas and office improvements. Floors two to four offer the opportunity for an owner-user to occupy up to 17,862 SF. An investor could also acquire the Property for conversion of the office space to residential units. The main floor is leased to the Ship & Anchor Pub, an institution in Calgary’s dinning and entertainment scene.
Jones Lang LaSalle Real Estate Services, Inc. (the “Advisor”) has been exclusively retained by the Vendor to seek proposals to acquire the Property. Interested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving detailed information about the Property. The Property is being marketed with a list price of $5,950,000 with offers being addressed as they are received.
THE OFFERING
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ADDRESS 534 - 17 Avenue SW
SITE AREA 0.29 acres or 12,476 SF
LEASEABLE AREA 24,486 SF
NET OPERATING INCOME $261,390
PARKING Surface: 15 StallsUnderground: 26 Stalls
Total: 41 Stalls
CURRENT ZONING C-COR1 f3.0h23 Commercial - Corridor 1
NUMBER OF STOREYS 4
REALTY TAX (2020) $99,171.31
OCCUPANCY 27%
INVESTMENT HIGHLIGHTS
PROPERTY SUMMARY
• Best-in-class urban street front location
• Stable main floor retail tenant
• Over 83 feet of retail frontage
• Recent capital upgrades including front façade, main floor and fourth floor office
• Expansive wall of windows front and rear elevation, allowing for an abundance of natural light
• Underground and surface parking available
• Historically low pricing for an asset located on 17 Avenue SW
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FLOOR PLANS
1ST FLOOR
2ND FLOOR
MEN
WO
MEN
FREEZER
CO
OLER
DR
Y STOR
AGE
STAIR W
ELL
SOU
ND
RO
OM
STAIR W
ELL
ELEVATOR
FOYER
PATIODN
BAR AR
EA
36'-9
1/2"
6 1/2"
13'-3
1/2"
1'-0"
9'-10
"
6 1/2"
24'-4
"6 1
/2"7 1
/2"3'-
7 1/2"
6 1/2"
1'-11 1/2"21'-11"
3'-2 1/2"
6'-0"18'-1"7'-11 1/2"
1'-11 1/2"
5'-2"5'-7 1/2"11'-1"1'-11 1/2"
6 1/2" 3'-7"
7 1/2"
30'-6
"1'-
3"10
'-2"
1'-0"
9'-10
"7 1
/2"8'-
1"
11'-9 1/2" 5'-6"
9'-3" 10'-2"11
'-7 1/
2"
4'-5 1/2" 2'-5 1
/2"
5'-4"
4'-8 1
/2"
5'-7"8'-6 1/2"
6'-6"
15'-2
"
4'-10 1/2"
91'-8
"
6'-0"
4'-2"
1'-11 1
/2"
3'-10"
3'-1 1
/2"7"
2'-6"
3'-0 1
/2"
11'-8
"8'-
8 1/2"
1'-10"
5'-5"
7'-5 1
/2"
19'-6
"6 1
/2"5'-
8 1/2"
3'-0"
3'-8"
11'-5" 11'-8 1/2"
8'-0 1/2" 6'-7 1/2" 4'-9"
66'-2
1/2"
9'-3 1/2" 6'-7" 9'-9 1/2"1'-5 1/2" 3'-0 1/2"
8 1/2"
3'-3 1
/2"6'-
6 1/2"
4'-0 1
/2"
5'-9 1
/2"4'-
2 1/2"
5'-2"
3'-0"1'-
3"
15'-6 1/2" 3'-10 1/2" 6'-5" 9"
5'-9"
13'-2
1/2"
5'-4 1
/2"
6'-11"
5'-2"
15'-3
"3'-
7 1/2"1'-9"
8 1/2"
16'-4"
10'-1
0"
37'-5 1/2"
1'-0 1/2"
12'-11 1/2"
2'-11
1/2"
2'-5 1
/2"
2'-1 1
/2"
17'-1
1"
6'-4"
21'-1
1 1/2"
3'-3 1/2"
3'-8 1/2"4'-8"1'-6"4'-0 1/2"
8'-8"
4'-11" 3'-0" 15'-9"
1'-4"
11'-9
1/2"
14'-6
"3'-
0"1'-
1 1/2"
6'-2" 13'-4 1/2"
5'-8"
5'-6"
1'-6" 3'-
0"2'-
3"
5'-10
"5'-
8"1'-6"
3'-0"
1'-7 1
/2"
6'-3 1/2" 9'-8"18'-11"
8'-1"
3'-0"
8 1/2"
8'-9"
5'-4" 4'-5"
5'-4"
2'-2"
5'-3"
1'-3"
16'-7
1/2"
9"
2'-0"
9"
8"
FLOOR 01
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STRATEGIC GROUPSUITE 400, 630-8TH AVE SW
CALGARY, AB. T2P 1G6
PROPERTY OF STRATEGIC GROUP.RENTABLE AREA TO BE CONFIRMED BY
'BOMA' SURVEY
DO NOT SCALE DRAWINGS
BUILDING:
534 CAPITAL CORP534, 17TH AVENUE SWCALGARY, ALBERTAT2S 0B1
PROJECT:
DIMENSIONEDFLOOR PLANSSHEET TITLE:
DRAWN/CHECKED: R.K/M.T
SCALE: AS NOTED
SHEET NO.:
DATE: 17-05-4
1 FLOOR 01 PLANSCALE:3/32"=1'-0"
NORTH
11'-10 1/2" 7'-9 1/2" 7'-10 1/2" 24'-8 1/2"
10'-8
1/2"
10'-6
1/2"
3'-8"
5'-11"
10'-8
"
4'-1 1/2"
11'-9 1/2" 12'-0" 9'-2 1/2" 8'-7" 4'-4" 8'-4" 28'-8"
8'-1"
8'-3"
1'-0"
8'-2"
9'-5 1
/2"8'-
10 1/
2"10
'-1 1/
2"11
'-9 1/
2"
7'-0"
2'-0"
1'-2" 1'-7 1/2"10'-7
"
4'-0"
7'-11"5'-6
1/2" 6'-
2"5'-
3 1/2"
3'-0"
1'-1 1
/2"3'-
0"5'-
10 1/
2"4'-
9 1/2"
3'-0"
1'-2 1
/2"3'-
10"
11 1/
2"3'-
0" 4"
11'-10"
6'-0"1'-1 1/2"
3'-0"2'-3 1/2"
4'-7 1/2"
8'-8 1/2"1'-10 1/2"
12'-7
"1'-3 1/2
"4'-6"
7'-10 1/2" 3'-0"1'-9"
7'-10" 5'-1 1/2" 3'-0"2'-6 1/2"
3'-0" 7'-10"
11'-5
1/2"
8'-5 1
/2"
10'-7"12'-6 1/2"5'-2 1/2"3'-0"
9'-1"5'-
2"
19'-3
1/2"
4'-6 1/2" 23'-11 1/2"6'-7"
3'-0"2'-4"
3'-0"3'-0"9 1/2"
10'-0
1/2"
5'-0 1
/2"3'-0"
1'-8 1
/2"
19'-3
"26
'-3 1/
2"9'-
5"5'-
7"3'-
0"3'-
7"
1'-4"
4'-8 1
/2"
14'-0
"3'-
11"
2'-3"
9'-2"
18'-3
1/2"
12'-10 1/2"3'-6 1/2"5'-0"
13'-1
"
3'-0"
1'-1 1
/2"9'-
0 1/2"1'-8
"
4'-6 1
/2"7'-
11 1/
2"
3'-1"1'-4"
5'-4"
5'-7"
3'-11"
7'-3"
2'-3"
3'-0"
9'-6"
4'-4"
1'-4"3'-0"
3'-0" 8'-10 1/2"
3'-0"
14'-9
1/2"
2'-10"
1'-2"
19'-9"
11'-3
"
7'-1 1/2"
16'-1 1/2"
24'-1
1/2"
25'-0
"
52'-3"
65'-8
1/2"
82'-11"
17'-0
1/2"
24'-1
1"
91'-7
"3'-
0"35
'-3 1/
2"
7'-8 1
/2"
17'-8"
3'-11
"7'-
1"
FLOOR 02
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STRATEGIC GROUPSUITE 400, 630-8TH AVE SW
CALGARY, AB. T2P 1G6
PROPERTY OF STRATEGIC GROUP.RENTABLE AREA TO BE CONFIRMED BY
'BOMA' SURVEY
DO NOT SCALE DRAWINGS
BUILDING:
534 CAPITAL CORP534, 17TH AVENUE SWCALGARY, ALBERTAT2S 0B1
PROJECT:
DIMENSIONEDFLOOR PLANSSHEET TITLE:
DRAWN/CHECKED: R.K/M.T
SCALE: AS NOTED
SHEET NO.:
DATE: 17-05-041 FLOOR 02 PLAN
SCALE:3/32"=1'-0"NORTH
4 |
3RD FLOOR
4TH FLOOR
2'-8"
10'-5
"
6'-11 1/2"
11'-1 1/2"1'-1
0"
4'-9 1
/2"
4'-9"
2'-1 1/2"
30'-8 1/2"
24'-6
"
51'-0"16'-10" 3'-5 1/2"
2'-6 1/2"3'-0" 39'-7 1/2" 3'-5"2'-5"
24'-9
"2'-
4"6'-
0"12
'-7 1/
2"19
'-1 1/
2"
2'-7"
7'-8"
3'-4"
18'-0 1/2"
90'-5
"
10'-9
"9'-
9"1'-
3 1/2"
10'-9
"12
'-6"
2'-8"
2'-2"
15'-1
"1'-
0"24
'-5 1/
2"
12'-2
1/2"
7'-10
"1'-
1 1/2"
3'-0"
5'-6"
3'-1" 3'-0"3'-6"
15'-11 1/2" 11'-9"
7'-9 1
/2"3'-
0"11
1/2"
3'-0"
11'-1
1"
11'-1"8"
8'-1"
15'-5
"
65'-3
"
82'-8 1/2"8'-0" 8'-0" 8'-1" 8'-5" 4'-10" 7'-11 1/2" 16'-4" 11'-6"
2'-6"
2'-8"
9'-1"
9'-10
"7'-
11"
8 1/2" 7'-
11"
7'-9 1
/2"
11'-1
0 1/2"
3'-0"
7"3'-0" 3'-3"
2'-0"
10"4'-1" 3'-7"
5'-1"
3'-11
"4'-
0"3'-
0"5'-
5"3'-
0"3'-
8"
11"
10'-8"
12'-0"6'-
0"6"
15'-5
1/2"
6'-8 1
/2"
8'-9"4'-1"
3'-9"
11'-1
0 1/2"
3'-0"
6" 8"
1'-6"
16'-6" 7'-10 1/2"
5'-7"
4'-2"
4'-11
"3'-
0"1'-
8"4'-
11"
4'-0"
15'-0
1/2"
5'-10"8'-0"
3'-0"
1'-9"
6'-0"
4'-2"
2'-8"
1'-2"
4'-1" 1'-
1"2'-
8"
9 1/2"
7 1/2"
3'-0"
4'-9 1
/2"
3'-8"
18'-8
1/2"
15'-3"
15'-1
1"
4'-3" 8'-11 1/2"
1'-5"
4'-0"
4'-1 1
/2" FLOOR 03
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3rd F
loor -
Cur
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dwg
STRATEGIC GROUPSUITE 400, 630-8TH AVE SW
CALGARY, AB. T2P 1G6
PROPERTY OF STRATEGIC GROUP.RENTABLE AREA TO BE CONFIRMED BY
'BOMA' SURVEY
DO NOT SCALE DRAWINGS
BUILDING:
534 CAPITAL CORP534 17TH AVENUE SWCALGARY, ALBERTAT2S 0B1
PROJECT:
DIMENSIONEDFLOOR PLANSSHEET TITLE:
DRAWN/CHECKED: R.K/M.T
SCALE: AS NOTED
SHEET NO.:
DATE: 17-05-041 FLOOR 03 PLAN
SCALE:3/32"=1'-0"NORTH
11'-4 1/2"
13'-5
1/2"
51'-4 1/2"
10'-1
"
15'-7 1/2" 12'-3 1/2" 12'-1"
9'-10
"3'-
6"
15'-5 1/2" 11'-11 1/2"8'-1 1/2"
3'-0" 3'-0" 10'-5 1/2"
3'-10"
2'-0 1/2"9'-8 1/2"
4'-2" 11'-0 1/2"
16'-0 1/2" 3'-0" 2'-5"
3'-0"
5'-10
"5'-
7 1/2"
3'-0"
3'-0"
5'-5 1
/2"
1'-7 1
/2"
10'-9
1/2"
9'-2 1
/2"9'-
1 1/2"
8'-9"
11'-2
1/2"
10"
4'-6"3'-0"
1'-2 1
/2"
3'-0"
8'-1 1
/2"3'-
0"7'-
6"3'-
0"9'-
8"
10'-4
1/2"
10'-3
"
2'-5"
4'-9 1
/2"
3'-0" 3'-0"
10'-6 1/2"
13'-7" 7'-7 1/2"
3'-1"4'-4"
2'-10
"3'-0
"9'-
1"4'-
6"7'-
6"5'-
0"12
'-6"
9'-7"
3'-0"
1'-4"
3'-0"
10'-6
"4'-
10"
2'-8"
1'-2"
4'-1" 1'-
1"2'-
8"
12'-1
0 1/2"
13'-9
1/2"
65'-3
"
7'-9 1
/2"8'-
2"8 1
/2" 7'-11
"7 1
/2"14
'-3"
5'-2 1
/2"2'-
8"5'-
4"12
'-7"
12'-5
"
15'-11" 16'-7"
16'-1"82'-8 1/2"
16'-1"1'-6"
8'-4 1/2" 6'-2 1/2" 27'-10"
7'-11"
10'-1"
7'-2 1
/2"
6'-5"
4'-6"
4'-1" 12'-3 1/2" 9'-1 1
/2"
7'-9 1
/2"1'-3"3'-10 1/2"3'-9"
11'-1 1/2"
3'-0"
5'-9 1
/2"
14'-2"6'-0"3'-7 1/2"
14'-6
"
8'-2 1
/2"
12'-0 1/2"
15'-3"
90'-5
"
10'-1
0 1/2"
9'-7 1
/2"24
'-5 1/
2"1'-
3 1/2"
9'-9"
10'-1
"3'-
5"2'-
8"3'-
8"13
'-7"
1'-0"
3'-0"
3'-2"5'-4"
3'-0"
13'-3"
9'-3 1
/2"6'-
2 1/2"
3'-0"
1'-7 1
/2"
3'-0"
6'-5 1
/2"15
'-5 1/
2"3'-
0"3'-
4"
14'-11"
3'-0" 11'-5 1/2"
4'-3"
3'-5"
6'-0"
1'-9"
3'-3"
2'-0 1/2"
3'-1"
4'-8"
2'-0"
5'-3 1
/2"13
'-3"
5'-3 1
/2"12
'-7"
1'-7 1
/2"
12'-4
1/2"
1'-5 1/2"
4'-5 1/2" 15'-3"
7'-1"
4'-7 1
/2"
4'-11
"
6'-7 1/2"
3'-0"
1'-7 1
/2"4'-
11"
5'-10"
4'-10
1/2"
8'-9"
13'-7
"
4'-11"
12'-0"
12'-1 1/2"
FLOOR 04
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STRATEGIC GROUPSUITE 400, 630-8TH AVE SW
CALGARY, AB. T2P 1G6
PROPERTY OF STRATEGIC GROUP.RENTABLE AREA TO BE CONFIRMED BY
'BOMA' SURVEY
DO NOT SCALE DRAWINGS
BUILDING:
534 CAPITAL CORP534 17TH AVENUE SWCALGARY, ALBERTAT2S 0B1
PROJECT:
DIMENSIONEDFLOOR PLANSHEET TITLE:
DRAWN/CHECKED: R.K/M.T
SCALE: AS NOTED
SHEET NO.:
DATE: 17-05-04
1 FLOOR 04 PLANSCALE:3/32"=1'-0"
NORTH
5 |
AREA HIGHLIGHTS
95WALK SCORE
13 MinWALK TO
CTRAIN STATION
Bike LanesALONG 14, 15, & 19 AVENUE SW &
8 STREET SW
10 MinDRIVE TO
DEERFOOT TRAIL
01 Tomkins Park
02 Safeway
03 Analog Coffee
04 Lougheed House
05 Una Pizza
06 Shell
07 Sheldon M. Chumir Health Centre
08 TPH The Printing House
09 Central Memorial Park
10 Canada Post
11 The UPS Store
12 Circle K
Ship & Anchor534 17 Ave SW
7 9
6531
10
8
12
11
4
2
17 AVE SW
4 ST SW
5 ST SW
6 |
TENANT OVERVIEW The iconic Ship & Anchor Pub has occupied the main floor of the Property since 1990. Known for its inclusive vibe, live music, kitschy interior and superior patio, this timeless Calgary pub will be sure to occupy the main floor of the Property for many years to come.
Tenant (SF occupied) % of GLA
Ship & Anchor 6,624 27%
OWNER-USER POTENTIAL QUALITY OFFICE SPACE
7 |
DISCLAIMER© 2020 Jones Lang LaSalle IP, Inc. All rights reserved. Information set out herein (the “Information”) has not been verified by Jones Lang LaSalle Real Estate Services, Inc., Brokerage and any and all of its real estate agents/staff, and to all other divisions of the company (collectively “JLL”). JLL does not represent, warrant or guarantee the accuracy, correctness and complete ness of the Information. Given the limitations of the investigations, inquiries and verification that JLL have undertaken, the reliability of this Information must be treated with a suitable degree of caution and neither JLL or any of their affiliates accept any liability or responsibility for the accuracy or completeness of the information contained herein and no reliance should be placed on the information contained in this document. JLL does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from JLL.
OFFERING PROCESSJones Lang LaSalle Real Estate Services Inc. (the “Advisor”) has been exclusively retained by the Vendor to seek proposals to acquire the Property. Prospective purchasers should also be aware that a online data room (Box account) is setup to facilitate access to key property-related documents. Please contact either of the undersigned to arrange access to this website. Interested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving detailed information about the Property.
Contact information
Ryan MurphySenior Sales Associate JLL Capital Markets+1 403 456 [email protected]