Manchester Industrial Portfolio

On behalf of the Vendor, Imperial Oil Limited (Imperial), Cushman & Wakefield ULC ("Cushman & Wakefield") is pleased to offer the opportunity to acquire a 100% freehold interest in a 3.29-acre parcel of industrial development land and two office assets located in Calgary’s Manchester Industrial area. Located mid-block on the eastern side of 2 Street SE, the 3.29-acre of vacant industrial development land is regular shaped and generally level. The site offers very good access to major roadways such as Blackfoot Trail SE and Macleod Trail SW. The subject site is zoned I-G allowing for a wide range of uses. The single-story office asset is located at 5151 3 Street SE, mid block on 3 Street SE backing onto the aforementioned industrial development land parcel. The building stands on a 1.64-acre parcel of land and offers a parking ratio of 4.26 stalls per 1,000 sf. The asset has a net rentable are of 21,600 sf and is currently zoned I-G. The second office asset is located at 339 50 Avenue SE on the southwest corner of 3 Street SE and 50 Avenue SE. This two-story building has a net rentable area of 51,296 sf and stands on a 2.02 acre lot. This building is currently 30% leased and has a parking ratio of 1.79 stalls per 1,000 sf. Vendor may be willing to dispose of the two office assets as one package separate from the land parcel.