Retail-Commercial for Sale
Catylist Listing ID: 30774509
Property Subtypes: Street Retail
Condo? Yes
Building Size (RSF): 1,484 SF
Gross Building Area: See Agent
Gross Land Area: 1 SF
Sale Price: $609,000
Property Use Type: Net Leased Investment (NNN)
Building Name: Ship Street Village
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2021

Overview / Comments

2 commercial condo units with 2 long term tenants. One tenant is a pharmacy with a lease in place until 2027 and the other tenant is a body treatment business with a lease in place until 2024. Both tenants are on net leases with an average base rent of $22.61 per sq. ft. per annum which provides an investor with an annual cash flow of $33,552. The current operating costs including utilities and property taxes are estimated at $11.86 per sq. ft. per annum with such costs paid by the tenants as additional rent. Solid investment offered at a 5.5% CAP.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Tax ID/APN: 13096085700
Is Condo?: Yes
Zoning: D
Property Located Between: Bannatyne & McDermot
Property Visibility: Excellent
Tenancy: Multiple Tenants
Number of Stories: 1
Property Condition: Excellent
Year Built: 2007

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Photograph of Listing Agent

David Bergman

RE/MAX professionals
CPIX® Member
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