$19,200,000
$21,000,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/18/2025
Key Details
Sold Price $19,200,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Royal Vista
MLS® Listing ID A2197071
Sold Date 07/18/25
Year Built 2019
Annual Tax Amount $411,474
Tax Year 2024
Property Sub-Type Retail
Source Calgary
Property Description
Urban Realty is proud to offer for Sale a 100% freehold interest in a retail shopping center located at 4 Royal Vista Way NW Calgary Alberta. Royal Vista is 38,745 square feet of neighborhood retail located in the growing community of Royal Vista in the northwest quadrant of Calgary. Royal Vista plaza is 100% leased with a diverse mix of retail tenants, sitting on 4.32 acres and is comprised of gas station with convenience store, three multi-tenant buildings, and a single tenant freestanding building. The investment offers investors a secure long term hold with strong tenants in place that have periodic rent increases to create more cash flow. Most of the remaining leases have 5+ years and all incentives and inducements have been provided by the current Landlord. Royal Vista is being offered for sale at $21,000,000 which represents a capitalization rate of 6.5%.
Location
Province AB
County Calgary
Area Cal Zone Nw
Zoning DC
Others
Restrictions None Known
Tax ID 95142389
Ownership Private
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "