The Ranchlands Village Plaza is located at 1829 Ranchlands Boulevard North West in Calgary, Alberta.

Information

Size: 65,871 Sq ft
Year bought: 2008
Purchase Price: CAD31m, approximately USD 29.2m
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

• Office and retail shopping complex located at the intersection of Nose Hill Drive North West Calgary
• Next door to Crowfoot Towne Centre office & retail node
• Well maintained, attractive strip plaza with excellent exposure
• Excellent access and high visibility with high vehicular traffic count of 46,000 vehicles per day on Crowchild Trail and 40,000 along Nosehill Drive
• Strong tenancy, including Bank of Nova Scotia, Dairy Queen and Calgary Health Region
• Northwest Calgary’s retail vacancy rates just 1.8% in Dec 2008, one of the lowest in North America
• Ranchlands Village is shadow-anchored by one of the strongest retail draws in the City – the Crowfoot Towne Centre. The Crowfoot Towne Centre area is currently 100% leased and has historically been the strongest leasing retail node in the City
• Strategically situated in the Calgary-Edmonton Corridor, the region that is leading the continent economically

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 inter-provincial migration