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  • For Sale
Calgary Mid & Small-Bay Industrial Portfolio - #1
Calgary Mid & Small-Bay Industrial Portfolio - #2
Calgary Mid & Small-Bay Industrial Portfolio - #3
Calgary Mid & Small-Bay Industrial Portfolio - #4
Calgary Mid & Small-Bay Industrial Portfolio - #5

Airways II & Riverview

The Colliers Investment Team is pleased to present for sale Airways II & Riverview (the “Portfolio”), located in established and desirable industrial markets in Calgary, Alberta. Offered on a portfolio basis, the properties comprise a total combined area of 154,693 square feet and are situated on a total of 8.29 acres of land. The Portfolio offers investors the opportunity to capitalize on a very strong industrial market with significant near-term upside in rental rates. The Airways II and Riverview assets feature average in-place rental rates of $9.11 PSF and 8.50 PSF (17% and 23% under-market, respectively). In spite of this near term opportunity to grow income, overall remaining Weighted Average Lease Term (“WALT”) is maximized by several longer-term tenancies, bringing overall WALT to 3.90 years, which provides both stable holding income and income growth. The potential exists to see Net Operating Income (“NOI”) cumulative annual growth rate (“CAGR”) of 5.1% over the initial three years of the holding period. These investment fundamentals offer the purchaser stability and security of income and the opportunity to gain a significant foothold in a strong Alberta industrial market.
Area Size
1820 - 30th Avenue NE 43,632 SF
1825 - 32nd Avenue NE 52,318 SF
1235 - 64th Avenue SE 58,743 SF