FINAL UNITS REMAINING
12,735 SF TO 14,596 SF AVAILABLE
292188 & 292176 WAGON WHEEL BLVD. BALZAC, ALBERTA
OPPORTUNITY
FIVE66 presents the opportunity to purchase class “A” industrial condos in the Balzac region, greater Calgary’s fastest growing industrial area. Offering flexible opportunities from 12,735 SF to 14,596 SF, each state-of-the-art unit will be equipped with industry-leading Beedie specifications including 28‘ clear ceiling heights, ESFR sprinklers, column free design with dock and drive-in loading, and more. Purchasers will enjoy best-in-class construction, immediate access to major transportation routes, quick access to an abundance of surrounding amenities while benefiting from lower property tax and zero business tax in Rocky View County.
Take this opportunity to join companies such as Amazon, Lowes, Walmart, Sobeys, Home Depot and Sysco who have positioned their operations to benefit from the Balzac advantage.
OCCUPANCY DATE
ZONING
DC-99, Cell A Move-in Ready
As one of Canada's largest industrial developers, Beedie implements the highest construction and design standards in the industry, delivering buildings that stand the test of time.
CALGARY
LOCATION
Driven by Rocky View County’s lower property taxes, zero business tax, and overall favourable general costs per square foot, Balzac continues to be the fastest-growing submarket in the Greater Calgary Area (GCA) and more notably, across Canada in 2024. This trend is projected to continue as the Balzac advantage remains favorable to occupiers and investors compared to other submarkets. With 45% of all new construction forecasted in the GCA slated to be in Balzac, the city is well-positioned to meet the area’s high demand, ensuring both developers and occupants will see national cost benefits in the region. Among all current active developments, FIVE66 is the only industrial project offering the opportunity to purchase condos, allowing buyers to benefit from and participate in Balzac’s positive market growth.
"Balzac's First Distribution Condominium Project"
AMENITIES
Located just minutes from Calgary's city limits and 10 minutes from the Calgary International Airport, FIVE66 is located in the heart of Balzac with immediate access to Highway 566, McLellan Trail and QEII (Deerfoot). Your employees will appreciate the close proximity to CrossIron Mills Shopping Centre (Alberta’s largest outlet mall with over 200 stores) with quick access to restaurants, quick serve food and gas stations.
MARKET UPDATE
The Calgary industrial market currently has a vacancy rate of 3.5%, and remains resilient as it has experienced yet another consecutive quarter of positive absorption, while other major Canadian markets experienced negative absorption in Q2 2024. Due to high demand in the market, construction continues to be strong, bringing on an estimated 2.4M SF of new construction product year to date in 2024. With the lowest gross rents of any major market in Canada and the ability to accommodate users of all sizes, the GCA has become of the premier destination as Western Canada’s distribution hub. Strategically located to offer single day trucking to all major western Canadian markets, Calgary has become a true force in the distribution business.
• Inventory Pipeline
Currently there is 9.1M SF of inventory under construction in the GCA, of which roughly 4.1M SF is in the Balzac region. Overall net absorption has continued to outpace deliveries for three straight years now.
• Industrial Vacancy
The GCA vacancy rate remains tight at an average rate of 3.5% in Q2 2024.
EVOLVE AT DISTRICT - CALGARY
BUILDING FEATURES
CONSTRUCTION
Concrete tilt-up insulated panels
CEILING HEIGHT
28' clear
LIGHTING
High efficiency LED fixtures
MEZZANINE
Structural steel mezzanine complete with guard rail & designed to 100 lbs/SF floor load capacity
POWER
200 amps at 347/600 volts per bay
HEATERS
Gas-fired unit heaters
FLOOR LOAD
500 lbs/SF live load warehouse floor load capacity
INTERIOR WAREHOUSE
A minimum of two 6’x6’ skylights per bay with interior walls painted white for greater illumination
LOADING
Various loading configurations available
RECIRCULATION FANS
Ceiling fans located near loading doors
SPRINKLERS
ESFR sprinkler system
1 Based on pricing of $261 PSF (includes a $21 PSF TI).
2 Mortgage payments over 5 years based on a 20% down payment and a 5-year term at 5% interest* with a 25 year amortization.
3 Lease payments over 5 years based on an estimated $13.50 PSF net rate escalating at 3% per annum.
4 Appreciation 3% annually.
BENEFITS OF OWNERSHIP
SECURITY
Grow your business with confidence knowing you are in control of your real estate strategy.
EQUITY
Have greater control over your operating costs and build equity.
FLEXIBILITY
Be your own landlord or take the opportunity to own industrial real estate in one of North America's top industrial markets.
