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  • For Sale
7015 & 7019 - 8th Avenue NE - #1
7015 & 7019 - 8th Avenue NE - #2
7015 & 7019 - 8th Avenue NE - #3
7015 & 7019 - 8th Avenue NE - #4

Two Building Multi-Tenant Industrial Property

The Colliers Investment Team is pleased to present 7015 & 7019 - 8th Street NE (the “Property”) for sale. Located in the established and desirable area of Deerfoot Business Park in Northeast Calgary, Alberta, the Property is improved with two stand-alone buildings of 14,540 SF and 14,234 SF, respectively, which are fully leased to two established tenants with strong covenants (Honda Canada Inc. & Shermco Industries Canada Inc.) The Property encompasses 2.20 acres with 309 linear feet of direct signage exposure to Deerfoot Trail, which is among the highest traffic counts in the City (179,000 vehicles per day). Both tenants at the Property have invested in their respective premises and place great value upon occupying stand-alone buildings.

The Property provides low site coverages (24%), dedicated yard spaces, a high-profile exposure to Deerfoot Trail NE and a highly convenient and accessible location. Rental income at the Property is provided by leases to these two tenants and is supplemented by the antenna revenue from a lease to Rogers Communications Inc. The opportunity exists to grow income over the near term by rolling tenants into market leases (potential NOI CAGR of 8.3% over initial three years of holding period).

The opportunity exists to add future density to the Property. The current I-BF1.0 zoning will feasibly allow for additional density of up to 50,978 SF, while adhering to development criteria. This is a flexible and desirable zoning designation which will allow for a broad range of uses at the property, including specialized light industrial, self-storage, office, restaurant and retail.
Area Size
Total ±28,774 SF