NAI Advent Negotiates $11.6 Million Sale of Flex-Commercial Building in Calgary, Alberta

7260 12 Street SE, Calgary AB 

On February 1^st 2018, NAI Advent’s Senior Associate Jim Courtney and Associate Blair McArthur, completed a $11,600,000 sale of a two-story flex-commercial building in Calgary, Alberta. The property has been institutionally managed since its inception in 1982 and features significant recent capital improvements. Currently the property is 95% occupied with 10 office and 4 warehouse tenants. NAI Advent represented the Purchaser in this transaction. Sale Details:

• 86,000 ± square feet
• Occupancy: 95%
• Sale price: $11,600,000
• Cap Rate: 7.83%

NAI Advent Associates:  Jim Courtney – Senior Associate – 403-984-9811 – jcourtney@naiadvent.com Blair McArthur – Associate – 403-984-9818 – bmcarthur@naiadvent.com