Castleridge Plaza 1 is located at 55 Castleridge Boulevard in Calgary, Alberta.

Information

Size: 74,000 Sq ft
Year bought: 2002
Purchase Price: CAD12.2m, approximately USD 11.3m
Current status: sold in 2006 for CAD21m

Due to the current volatility of the USD & the increasing strength of the CAD, exchange rates may vary significantly. Please check with us for the latest rate.

Notes

• Multi-tenant strip plaza
• 100% leased with strong tenancy including Pizza Hut, Taco Bell & Safeway
• Shadow Anchor tenant TD Bank
• Excellent exposure with high vehicular traffic count of 85,000+ vehicles per day
• Located at the hub of Calgary’s North East residential communities
• Strong draw with its respected retail and medical tenants in addition to a neighbouring (non-affiliated) Safeway store

Investment History

• Investors participated in purchase in 2002
• Sold to a consortium in 2006
• Each CAD25,000 unit earned an additional CAD71,932 on top of the 7% cash-flow already received since day one
• ROI of well over 200% over 4 years
• For overseas investors this represents an ROI of almost 40%+ per annum net

About Calgary

• Economy has grown by over 25% during the past 10 years
• Produces over CAD37 billion in goods and services annually

Street Map

For a larger street map, or to get directions from where you are to this property, please click here.