Aircraft Hangars l Office Facility 5438, 5440 11 Street NE l Calgary l Alberta Property Features: RARE OPPORTUNITY to acquire a premier hangar facility with immediate access to Taxiway; Attractive pricing: below replacement costs; Property is located on the west side of airport/runway; Long term Land Lease in place with the Calgary Airport Authority (CAA); Lease Extension Option in place to extend to year 2052; Subject property occupies approximately the north 2/5 percent of the entire hangar complex; A two separate but contiguous hangars facility offers a nicely appointed departure lounge, as well as shop space and extensive office space; Easy ingress & egress to major arteries of north-south Deerfoot Trail and east-west McKnight Boulevard; Abundance of parking stalls: an adjacent gated parking lot plus parking stalls at the front of the building; A well maintained property; Excellent office finishing; Wing Tang [Associate - Investment Sales] Tel: (403) 251-2963 Cell: (403) 605-1199 wtang@royallepagecommercial.com Royal LePage Solutions - Commercial Division #205, 264 Midpark Way SE Calgary, AB T2X 1J6 www.royallepagecommercial.com Not intended to solicit any party under a relevant contract. The information above is derived from sources believed reliable; however, no warranties or representations are being made regarding such information, including the potential income, costs, or profits associated with a property. Interested parties should consult a qualified professional for investment, financial or tax advice. All offices are independently owned and operated, except those offices marked as Royal LePage Real Estate Services Ltd. Royal LePage is a registered trade-mark used under license. 2012 Brookfield Real Estate Services Manager Limited
Aircraft Hangars l Office Facility 5438, 5440 11 Street NE l Calgary l Alberta
Aircraft Hangars l Office Facility Property Particulars: Address 5438, 5440 11 Street NE, Calgary Zoning / Use Aviation Services District (for aviation & aviation related uses) Year built 1979 Gross Land Area 3.34 acres Land Lease Expiry December 31, 2028 Subject property is under land lease agreement with the Calgary Airport Authority (CAA). Lease Extension Option Option to extend to June 29, 2052 Land Lease Payment $55,012.98 per annum (2017) 1% annual rent escalation Gross Bldg Area (sf) Hangar Main Fl. Office 2 nd Fl. Office Common Area Total Hangar 1 (main fl): 8,118.4 5,053.1 - - 13,172 sf Hangar 2 (main fl): 7,574.0 6,159.0 - - 13,733 sf H1 & H2 (2 nd floor): - - 11,097-11,097 sf H1 & H2: - - - 1,190 1,190 sf Total: 39,192 sf Hangar Space (Hangars 1 & 2) Aprons Parking Possession CAA Approval Total Hangar Space: 15,692.40 sf Total Office/Lounge/Shop Space: 22,309.10 sf Total Common Area: 1,190.00 sf Total: 39,192sf Hangar Door Ceiling Dimensions Hangar 1: w78 x h23 23 10 89 4 x 89 6 Hangar 2: w66 x h23 23 10 84 x 89 6 +/- 120 feet Approx. 146 surface stalls (130 in the gated surface lot; 16 surface stalls at the front entrance of the building) Immediate possession/occupancy Any purchase or leasing of the property shall be subject to the Calgary Airport Authority approval. All numbers/dimensions/measurements indicated herein are by approximation only and shall be subject to verification. LEASE SALE Lease Rate based on leasing the entire property Price $17.00 psf/annum (semi-gross rent) Lease rate will cover the land rent payment, HVAC maintenance & building insurance. Tenant to pay: property taxes, utilities, snow removal, grounds & landscaping maintenance, leased premises upkeep, janitorial service, content/liability insurance, business tax, security/alarm system and others as stated in the Lease. $5,450,000 ($139.06psf)
Aircraft Hangars l Office Facility Main Floor Hangar Space measurements herein are by approximation only and shall be subject to verification. Hangar space: 8,118 sf Main floor office: 5,053 sf 13,171 sf Hangar space: 7,574 sf Main floor office: 6,159 sf 13,733 sf Departure Lounge Second Floor H1 & H2: Second floor office space: 11,097sf All numbers/dimensions/measurements indicated herein are by approximation only and shall be subject to verification.
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Aircraft Hangars l Office Facility Location Map Subject Property