OPPORTUNITY TO ACQUIRE AN INDUSTRIAL BUILDING PART OF THE SOUTH HILL SAP

Transcription

1 8825 SHEPARD ROAD SE CALGARY, ALBERTA OPPORTUNITY TO ACQUIRE AN INDUSTRIAL BUILDING PART OF THE SOUTH HILL SAP Mike Warner, marc.rosso@cushwake.com mike.warner@cushwake.com SIOR, CCIM Kevin Tang, B. Comm. Associate kevin.l.tang@cushwake.com Suite 1730, Avenue SW, No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

2 8825 SHEPARD ROAD SE, CALGARY, ALBERTA OPPORTUNITY SUMMARY On behalf of Universal Industries (Foremost) Corp. (The Vendor), Cushman & Wakefield is pleased to present a 99,957 SF industrial fabrication facility with office. The property is located on acres and is part of the South Hill Station Area Plan (SAP) created to guide development around the Green Line South Hill Light Rapid Transit (LRT) station and Primary Transit Hub. The subject property is situated closely to Glenmore Trail, Barlow Trail SE, and Deerfoot Trail three major high-capacity transportation corridors offering convenient north-south and east-west transportation routes from the property. The Vendor and the City of Calgary are currently finalizing a partial taking of the property for the Green Line LRT project. The proposed acquisition includes a 2.44 acre portion of the site required for the LRT right of way. Following the transaction the net site area will be approximately acres. PROPERTY DETAILS Location Shepard Industrial Park Legal Address Plan 6506JK, Block th Avenue SE Calgary, AB Site Size Acres (2.44 acres of the acres is required for LRT Right of Way) Leasable Area 99,957 SF (*area to be confirmed) Site Coverage 18% Year Built 1971 with various expansions (1978, 1979, 1990, 1996 and 2001) Zoning I-H, Industrial Heavy District Loading 10 doors Ceiling Height Tenancy Vacant Taxes (2017) $158,521 OPPORTUNITY HIGHLIGHTS Mike Warner, SIOR, CCIM Kevin Tang, B. Comm. Vice Centrally President located in the heart of Shepard Industrial Park Associate Quick access to major arteries including Glenmore Trail, Barlow Trail SE, and Deerfoot Trail marc.rosso@cushwake.com mike.warner@cushwake.com kevin.l.tang@cushwake.com Main floor warehouse space with office / storage areas over 2 floors Large lot and yard (12.52 acres) Suite 1730, Avenue SW No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property Future (or properties) Green in question. Line LRT to run through portion of site which is part of the South Hill SAP

3 8825 SHEPARD ROAD SE, CALGARY, ALBERTA th Avenue SE Calgary, AB BUILDING DESCRIPTION Leasable Area Structure Roof Main floor office / staff areas Upper floor offices Basement office / storage Subtotal Main shop Warehouse / paint booth Subtotal TOTAL Steel frame, metal clad exterior, concrete block, brick Metal roof deck, EPDM over 2nd floor office area 12,337 SF 5,670 SF 4,200 SF 22,207 SF (22%) 48,000 SF 29,750 SF 77,750 SF (78%) 99,957 SF Cranes Bay 1 Two 40 ton cranes; one 25 ton; one 15 ton with an estimated 32 below hook, two 3 ton jib cranes Cranes Bay 2 One 33 ton; one 30 ton; one 20 ton, one 15 ton with an estimated 26 below hook, seven 3 ton jib cranes Cranes Bay 3 Two 10 ton; two 5 ton with an estimated 23 below the hook, three 3 ton and seven 1 ton jib cranes Electrical 2,000 Amp and 1,600 Amp 3 Phase HVAC On-site Parking Warehouse: Radiant tube heating, unit heaters, make up air and exhaust Office: Roof top HVAC and forced air furnace 203 paved asphalt parking stalls Mike Warner, marc.rosso@cushwake.com mike.warner@cushwake.com SIOR, CCIM Kevin Tang, B. Comm. Associate kevin.l.tang@cushwake.com Suite 1730, Avenue SW No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

4 LOCATION HIGHLIGHTS Strategically located in close proximity to major transportation nodes including Barlow Trail, Glenmore Trail and Deerfoot Trail (Highway 2). The property is situated on Shepard Road SE, immediately south of Glenmore Trail SE in the Shepard Industrial Park. Surrounding developments include a mixture of single and multi-tenanted industrial properties. Specifically, the property is located mid-block on Shepard Road between 27 th Street SE and 90 th Avenue SE (*see Map 1 and Map 2). SOUTH HILL STATION AREA PLAN The property falls within the boundaries of the South Hill Station Area Plan (SAP), more specifically, the South Employment Area (*see Map 1 and Map 2). The South Hill SAP was created to guide development in South Hill focused around the Green Line South Hill Light Rapid Transit (LRT) station and Primary Transit Hub. Future South Hill Station: subject property located approximately 0.25 kms south. Higher density development is concentrated near the station to make transit convenient for more people and encourage ridership. This form of development utilizes existing infrastructure, optimizes use of the transit network and creates mobility options for transit riders and the local community. Spring 2018 Q3/Q Substantial Final Approval Start of Work on 90th of South Hill construction in Avenue development South Hill Area * Dates are subject to change depending on final approval by the city Stages of Green Line start opening Green Line expected to be completely open

5 SOUTH HILL STATION AREA PLAN South Hill will be a transit-rich community that is walkable and bikeable, providing individuals with multiple sustainable mobility choices. Development in South Hill will include a variety of land uses, building types and scales of development focused around a High Street. The design of public spaces, including parks, plazas and streetscapes, will promote positive health outcomes through physical activity, cultural programming and social interaction. Regional pathways will connect the people who live, work and play in South Hill with natural features and destinations throughout Calgary. MAP 1 OGDEN RD SE 30 ST SE GLENMORE TR SE 83 AV SE 84 AV SE RIVERSTONE RD SE 85 AV SE 86 AV SE SHEPARD RD SE 24 ST SE Plan Area Boundary LRT Alignment LRT Station MAP 2 Residential Low Rise Mixed Use Neighbourhood Mixed Use - Urban/Neighbourhood Transit Plaza Open Space Employment Intensive - Industrial Employment Intensive - Mixed Glenmore Trail Right of Way To Be Confirmed High Street Western Irrigation District Canal Potential Park or Plaza Potential Pedestrian Overpass Multi-Use Pathway Bicycle Route Subject Site Transit Only Access Railway Landfill Setback Plan Area Boundary LRT Alignment LRT Station SOUTH EMPLOYMENT AREA The South Hill SAP includes five unique policy areas, each contributing to the creation of the Transit Oriented Development (TOD) in South Hill Shepard Road SE is located in the proposed South Employment Area. The South Employment Area will transition to an area that provides opportunities for a high-quality campus-style research and office development with direct transportation connection to amenities and services located in South Hill Village. The South Employment Area will have a minimum intensity of 100 people gross developable hectare. Within the South Employment Area: land shall be designated as industrial; no commercial-based land use districts are permitted; stand-alone retail is not permitted; and comprehensive commercial developments are not permitted.

6 OFFERING PROCESS Contact the listing agents to register as a prospective purchaser and receive updates on submission guidelines marc.rosso@cushwake.com FUTURE 90TH AVENUE SE Mike Warner, SIOR, CCIM mike.warner@cushwake.com Kevin Tang, B. Comm. Associate kevin.l.tang@cushwake.com 111-5th Avenue SW, Suite 1730 main , No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.