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LaSalle Investment Management Sells Building in Calgary

Flex-Commercial Building Purchased for $11.6M
February 15, 2018
LaSalle Investment Management has sold a flex facility at 7260 12th St SE in Calgary, AB for $11.6 million, or about $134.75 per square foot. The sale was finalized on February 1, 2018 to a private buyer.

The 86,084-square-foot building was constructed in 1982 and is in the South Central Industrial submarket. The building was 95% leased at the time of the sale, with a cap rate of 7.83%.

Jim Courtney and Blair McArthur of NAI Advent represented the buyer, while Graham Daniel of Colliers International represented the seller.

Please see CoStar COMPS #4127978 for more information on this transaction.
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