Multi-Tenant Commercial Flex Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30340206
Property Subtypes: Street Retail
Building Size (RSF): 29,147 SF
Gross Building Area: See Agent
Gross Land Area: 1.36 Acres
Sale Price: $4,300,000
Unit Price: $147.53 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/29/2018

Overview / Comments

Colliers’ National Investment Services in Winnipeg is pleased to announce that it has been retained to act as the exclusive agent in the sale of 645-665 Century Street in Winnipeg, Manitoba. This multi-tenant office and retail centre consists of five (5) separate units and was developed in 1958 with additions made in 1965 and 1976.

Offered for sale at $4,300,000 ($148 psf) with all offers to be submitted to Colliers International and considered by the Vendor as received.

Property Features:

• A prime St. James location in close proximity to the James A. Richardson International Airport and the broader Polo Park commercial node, featuring great access, visibility, and exposure along Century Street;
• Value-add opportunity for users by occupying the currently vacant 1,817 square foot unit and for investors by way of selective long-term re-investment in the asset to drive rental rates;
• Ample customer and tenant parking with a parking ratio of 2.8 stalls per 1,000 square feet of rentable area;
• Close access to major transportation and trucking routes along with an average traffic count of nearly 24,700 vehicles traveling past the property on a daily basis; and
• Offered clear of mortgage and management encumbrances.

For more information, please contact Colliers at 204-943-1600 or visit http://www.collierscanada.com/25943#.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5D
Zoning: C2

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Contact

Photograph of Listing Agent

Donald White

Colliers International - Don White
CPIX® Member
Photograph of Listing Agent

Clarise Mare

Colliers International
CPIX® Member
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