66,245 SF WAREHOUSE OFFICE AT WPG. INTERNATIONAL AIRPORT

Industrial for Sale
Catylist Listing ID: 30574636
Property Subtypes: Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Warehouse/Distribution
Building Size (RSF): 66,245 SF
Gross Land Area: 101,899 SF
Sale Price: $4,900,000
Unit Price: $73.97 PSF
Ceiling: 19.8 ft. / 17 ft. Clear
Docks/Doors: 5 Docks, 5 Doors
Office SF: 8,000 SF
Property Use Type: Vacant/Owner-User
Building Name: OFFICE/WAREHOUSE + 2 DOCKS
Usable Size (USF): 66,245 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/25/2020

Overview / Comments

First time offered for sale and occupied for many years by the original owner, pride of ownership is evident here. The property was developed in 1958 and later was added onto. There is an equipment basement of 1,500 sf; main floor footprint of about 60,645 sf and 5,600 sf of second floor office and storage. Total area above the basement is about 66,245 sf. Only a portion of the main floor footprint (+-11%) is used for processing with specialized equipment present (to be removed) while the remainder of the main floor is office and very clean storage warehouse. Interior height is about 19.75' to underside of roof deck and 95% of the building exterior wall height is a uniform 20'. Level floors allow easy forklift movement throughout. Office is estimated at 8,000 sf over two floors.

The building has two separate loading docks, one at the north end and one at the south west which lends the property to being divided in two.

This property is located just south of the corner of Roseberry Street and Ellice Avenue in the St. James Industrial area. The M1 zoned site is rectangular in shape and holds the building on its southern portion with its north improved with paved, staff surface parking plus loading/access to one of its shipping docks. 33 surface parking stalls w/plugs are here and the lot is lighted. Dock level loading is also present along the south west side of the building, fronting Roseberry Street. Bus service is on Roseberry Street.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5E
Taxing Authority: Winnipeg
Tax ID/APN: 07021128000
Zoning: M1
Property Located Between: Ellice Avenue and St. Matthews Avenue; Roseberry and Marjorie Streets
Highway Access: Well located with close access to Route 90 that gives exit from Winnipeg north and Highway 1, a main east west corridor through Winnipeg and Manitoba.
Airports: Winnipeg James Armstrong Richardson International Airport
Site Description: Flat, level, fully serviced. Frontage along Roseberry of 438.75' and depth of 233.3' for an area of about 101,899 sf or 2.34 acres. Building covers about 60% of the land. Bus service is on Roseberry Street.
Area Description: The neighbourhood was borne out of proximity to Winnipeg's International Airport. Still popular for many industrial users, properties are being renovated. A growing regional mall Polo Park has also influenced past industrial use to retail and hospitality conversion.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 66,245 SF
Property Condition: Average
Year Built: 1958
Roof Type: Flat
Construction/Siding: Block, Brick, Concrete, Steel Frame
Exterior Description: Well constructed and maintained, exterior walls are mostly low maintenance brick, unpainted concrete block or painted concrete. Loading docks have modern doors and windows on the front office have been replaced to pvc style in recent times. Curb appeal is very good.
Parking Type: Surface
Parking Description: Onsite staff parking with plugs and lot lighting. Well paved and easy access from Roseberry Street.
Total Parking Spaces: 33
Eave Height: 20
Column Spacing: 24
Sprinklers: Wet, Dry
Amps: 800
X-Phase: 3
Heat Type: Natural Gas, Hot Water, Suspended Radiant Heaters
Heat Source: Central, Ceiling Units
Air Conditioning: Evaporative Cooler
Lighting: LED, Fluorescent
Interior Description: Offices, boardroom, lunchroom and staff amenities are a mix of old/new, appealing and well maintained. See pictures. Warehouse is well lighted with a mix of fluorescent and updated LED's. Most warehouse is heated via a central boiler to suspended hot water unit heaters; some is additionally cooled via rooftop hvac and about 15,000 sf is unheated storage.
Zoning Description: M1
Part of Planned Development?: Yes
In Flood Plain?: Yes
Lot Frontage: 438.75'
Lot Depth: 233.3'
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Title 1839226/1.
Land Ownership: Fee simple at title 1839226/1
Legal Description: LOTS 2 AND 3 BLOCK 2 PLAN 6445 WLTO EXC OUT OF SAID LOT 3 THE SLY 175 FEET PERP IN RL 31 TO 33 PARISH OF ST JAMES.

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