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555 4th Ave SW
Calgary, AB T2P 3E7
Selkirk House · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Conference Centre in the Property
- Efficient LRT Access
- Attractive pricing well below replacement cost for a 23-story tower
- Fitness Centre
- Steps from Eau Claire Park, Bow River pathways, and major transit lines
EXECUTIVE SUMMARY
This price is well below the current replacement cost! Selkirk House’s Per Square Foot Price is only $85.46, and it comes with freehold land of 0.4 acres (17,582 sf). This price is well below the current replacement cost of constructing a 23-Story concrete building with a leasable area of 219,985 square feet in downtown Calgary. The price, the location, the size, the convenience, and the connectivity, all make it a great property for conversions, namely, to convert this elegant office building to a residential tower or a hotel or university campus with an incentive grant provided by the City of Calgary potentially.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
223,401 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1979/1990
Price
$13,548,378 USD
Price Per SF
$60.65 USD
Percent Leased
61%
Tenancy
Multiple
Building Height
23 Stories
Typical Floor Size
11,149 SF
Slab To Slab
10’
Building FAR
12.82
Lot Size
0.40 AC
Zoning
CR20-C20/R - Commercial Residential
Parking
66 Spaces (0.3 Spaces per 1,000 SF Leased)
AMENITIES
- Fitness Center
- Plus 15
- Air Conditioning
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