725 Portage Avenue
Industrial
for Sale
Also listed as Office
| Catylist Listing ID: |
30673098 |
| Property Subtypes: |
Flex Space, Manufacturing, Mixed Use, Warehouse/Distribution, Other
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| Building Size (RSF): |
117,934 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.25 Acres
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| 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: |
7/21/2021 |
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.
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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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