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54th St. Warehouse
Location Calgary, AB
Sq. Ft 177,995 ft²
Type Core Investment
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Well designed and built by Hopewell Developments, a prominent Calgary based developer.
Location Type & Specs
Located in the heart of the Foothills Industrial Area of Calgary’s southeast, this property consists of two, multi-bay industrial buildings, leased to a wide range of high-quality tenants.
Development
This property was bought in early 2009 for a Canadian pension fund and has performed extremely well. It was fully occupied by many national and international tenants at the time of sale in March 2020, early days of the pandemic.
Sold as part of a portfolio of warehouses owned by our client, the property generated an exceptional un-leveraged IRR over the 11 year hold of 9.3%.
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