Industrial Sale-Leaseback Opportunity

Industrial for Sale
Catylist Listing ID: 30639816
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Self Storage, Other
Building Size (RSF): 9,540 SF
Gross Land Area: 1.11 Acres
Sale Price: $1,400,000
Unit Price: $146.75 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: 6.7%
Last Updated: 11/13/2020

Overview / Comments

SALE-LEASEBACK TERMS
The property will be sold on a sale-leaseback basis with Grant Aggregate and Industrial Supply Inc. (the “Vendor”) as the tenant, offering a strong financial covenant. The Vendor will enter into a triple net lease upon closing. The proposed net lease rate is $9.00 psf. The term shall be for five (5) years with an additional two (2) five (5) year options to renew. Grant Aggregate will lease +/-6,020 sf leaving +/-3,520 sf vacant. The Vendor will be responsible for the demising costs. The 12 storage units (+/-2,400 sf) immediately behind the main building are rented on a month to month basis for approximately $125 per month, generating additional potential gross income of approximately $18,000 per annum.

LOCATION
Located in the RM of Springfield on Redonda Street, just north of Gunn Road with ease of access onto the Perimeter Highway, the beltway around the City of Winnipeg.

BUILDING AND LAND
• Land size: 1.11 acres
• Main building: +/-9,540 sf
• 12-storage units: +/-2,400 sf
• Ceiling height: +/-15’.8 ft
• Loading: 3-14 ft grade level doors
• Year built: 2006 & 2009
• Zoning: MG-Industrial General
• 2020 Realty taxes: $20,981.85
The main building is exceptionally well maintained and is comprised of showroom, offices, warehouse area and also mezzanine offices that are not included in the main building square footage. The subject site includes a fenced compound. The property is zoned MG-Industrial General, allowing for a wide variety of industrial uses.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 3M
Tax ID/APN: 73684.000
Zoning: MG

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Contact

Photograph of Listing Agent

Daniel Mondor

Avison Young
CPIX® Member
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