Downtown Winnipeg Commercial Flex Opportunity - 250 Portage Avenue

Office for Sale
Catylist Listing ID: 30344131
Property Subtypes: Flex Space
Building Size (RSF): 21,711 SF
Gross Building Area: See Agent
Gross Land Area: 7,139 SF
Sale Price: $3,500,000
Unit Price: $161.21 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 12/4/2018

Overview / Comments

Colliers National Investment Services in Winnipeg is very pleased to confirm that we have been retained to act as the exclusive agent in the sale of 250 Portage Avenue in Winnipeg, Manitoba. The property features a high profile location in Winnipeg's Central Business District on the Southeast corner of Portage Avenue and Garry Street, just steps from the iconic corner of Portage and Main and the epicenter of development, the SHED District.

Offered for sale at $3,500,000 ($242 psf excluding lower level space) with all offers to be considered by the Vendor as received.

Property Features:
•Unique opportunity for users and business operators to own their own real estate which features a high profile Portage Avenue address, substantial visibility, and the ability to obtain building naming rights;
•Excellent exposure for signage and branding along Portage Avenue which features an average traffic count of more than 55,000 vehicles traveling past the property on a daily basis;
•The existing structure is suitable for reconfiguration to a number of traditional office, medical, or commercial service uses given the open concept layout, floor to ceiling windows, and building design that includes mezzanine potential;
•Value-add opportunity for users interested in occupying the currently vacant two level 14,474 square foot space or for investors by way of selective long-term re-investment in the asset to capitalize on attractive commercial rental rates; and
•Clear of financial encumbrances.

For more information, please contact Colliers at 204-943-1600 or visit http://www.collierscanada.com/26076#.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 9A
Zoning: M - MULTIPLE USE

View FullscreenMap


Contact

Photograph of Listing Agent

Donald White

Colliers International - Don White
CPIX® Member
Photograph of Listing Agent

Clarise Mare

Colliers International
CPIX® Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither WinnipegREALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.