Castleridge Plaza 2 is located at 33 Castleridge Boulevard in Calgary, Alberta.

Information

Size: 8,048 Sq ft
Year bought: 2005
Purchase Price: CAD3.5m, approximately USD 3.2m
Current status: still generating income for investors

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
• Completed in 2003
• Offered to investors in 2005/6
• 100% leased with strong tenancy
• Major tenant TD Bank on a 10 year lease
• Adjacent Castleridge Plaza I includes major tenants Pizza Hut, Taco Bell and Safeway
• Excellent exposure with high vehicular traffic counts of 85,000+ per day
• Located at the hub of Calgary’s North East residential communities, currently experiencing strong population growth
• 10 minutes from Calgary International Airport
• Substantial rental yield

About Calgary

• Economy has grown by over 25% during the past 10 years
• Produces over CAD37 billion in goods and services annually
• National leader in employment growth, personal income per capita and personal income growth rate
• Continues to be one of Canada’s economic hot spots
• As Canada’s energy capital and Western Canada’s business capital, Calgary is now home to the second largest concentration of corporate head offices in the nation
• National leader in net inter-provincial migration