403-478-9966
778-222-8370Prime Investment Opportunity
CDNGLOBAL brings to market an exceptional opportunity featuring an A-Class single-tenant office building leased to Encana/Ovintiv, a top tier North American energy producer.
- Going in cap rate of 7.0%
- Built-to-suit in 2013
- Expansion ready: Designed to support a future second floor.
This single-story office building was completed as a built-to-suit project for Encana/Ovintiv under a 10-year lease at a rate of $29.00 per square foot and Operating cost at $14.75 per SF. While the initial lease term ended in January 2023, the company opted to extend it for an additional five years, with the new term running until December 31, 2027.
This is a rare chance to secure stable cash flow backed by a creditworthy tenant, with upside potential through future expansion.
Please contact listing agents below for more information.
