725 Portage Avenue

Industrial for Sale
Also listed as Office
Catylist Listing ID: 30673098
Property Subtypes: Flex Space, Manufacturing, Mixed Use, Warehouse/Distribution, Other
Building Size (RSF): 117,934 SF
Gross Building Area: See Agent
Gross Land Area: 1.25 Acres
Sale Price: $6,000,000
Unit Price: $50.88 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/20/2021

Overview / Comments

Unique redevelopment opportunity on Portage Avenue. Impressive main level office space with high ceilings. Functional, developed mezzanine with windows overlooking the lobby. Excellent access to public transit with bus stops on Portage Avenue in the immediate vicinity. Vendor is willing to consider a leaseback of up to 2 years.

Situated on the northeast corner of Portage Avenue & Huntleigh Street, centrally located just east of Broadway between downtown and the Polo Park / Airport district. The property is surrounded by institutional office uses including the Government of Manitoba, Winnipeg Regional Health Authority (immediately west), and New Directions head office (immediately east), a variety of neighbourhood retailers and restaurants. Located only a few blocks west of the University of Winnipeg campus with a student and staff population of roughly 10,000.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5A
Tax ID/APN: 13040848500
Zoning: C2 - COMMERICAL COMMUNITY & R2 - RESIDENTIAL TWO-FAMILY

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Contact

Photograph of Listing Agent

Michael Stronger

Shindico Realty - Michael Stronger
CPIX® Member
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