28,785 SF BUILDING ON 1.29 ACRES M2

Industrial for Sale
Catylist Listing ID: 30543594
Property Subtypes: Free-Standing, Warehouse/Distribution
Building Size (RSF): 28,785 SF
Gross Land Area: 56,137 SF
Sale Price: $2,495,000
Unit Price: $86.68 PSF
Ceiling: 18 ft.
Docks/Doors: 3 Docks, 4 Doors
Office SF: 3,180 SF
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Building Name: OFFICE SHOWROOM WAREHOUSE - AVAILABLE NOW
Usable Size (USF): 28,785 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/26/2020

Overview / Comments

High profile and centrally located 669 Century Street building was built in four stages and has had the same owner and tenant for many years. The tenant has relocated to larger premises and possession can be quick.

The building is solid and divided into a two storey front office, a midsection of showroom/warehouse (23' peak) plus a heated, well lighted, main warehouse (18' clear most, +-15' clear lower) with grade and dock level loading (10' x 10' + 9' x 10' doors). Main warehouse column spacing is about 29' x 24'. Land size is 1.29 acres of M2 zoned land on high traffic Century Street between Sargent and Ellice Avenues. Much of the site is paved and significant paved land storage is available at the east of the main warehouse. A rendering shows 41 parking stalls.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5D
Taxing Authority: Winnipeg
Tax ID/APN: 007R569003600
Zoning: M2
Property Located Between: Ellice and Sargent Avenues
Highway Access: Century Street is Route 90, a major north south corridor.
Airports: Winnipeg James Armstrong Richardson International
Site Description: level, paved, land drainage sewer, loading docks. Part fenced.
Area Description: Dynamic neighbourhood in proximity to Winnipeg Airport and Polo Park Regional Shopping Center. Land uses nearby are in transition from past industrial to hospitality and retail. This is a central Winnipeg location for contractors, warehouse/distributors/manufacturers.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 27,195 SF
Property Condition: Average
Year Built: 1972
Roof Type: Flat
Construction/Siding: Block, Brick, Metal Siding
Exterior Description: Exterior walls are mix of painted concrete block, brick and metal. Doors are metal, windows mostly of painted wood frames. Good opportunity for signage exposed to high traffic flows.
Parking Type: Surface
Parking Description: As seen in photos parking is available north and east of the building and main shipping docks are at the south.
Eave Height: 16
Column Spacing: 29'5" x 24'
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 225
Volts: 600
X-Phase: single
Heat Type: Natural Gas, Space Heaters
Heat Source: Ceiling Units
Air Conditioning: Evaporative Cooler
Lighting: Incandescent
Interior Description: The front 2 storey is improved and used as offices, washrooms, lunchroom and file storage. The mid building has a large, bright showroom and order desk for wholesale customers with adjacent supporting staff offices and an open heated warehouse. Within this mid building is also significant mezzanine storage area for lighter material. The main warehouse is heated, well lighted and has the majority of its space at an 18' height while the southern end that was added at a later date is lower, about 14'8". Four good loading docks have access to the main warehouse, three of which are dock level and one good at grade with ramp. Within the warehouse is a shipping admin area and all overhead doors function manually. Overhead blowers provide heating, power is ample for the long time use and interior perimeter walls are insulated.
Zoning Description: M2
In Flood Plain?: Yes
Lot Frontage: 195
Lot Depth: 293
Water Service: Municipal
Sewer Type: Municipal, Storm
Easements: Other
Easements Description: Only one typical mortgage charge is registered on title.
Land Ownership: Fee Simple
Legal Description: PARCELS "A", "B" AND "C" PLAN 37795 WLTO EXC OUT OF PARCELS "B" AND "C", ALL MINES AND MINERALS, MINERAL OILS PETROLEUM, GAS, COAL AND VALUABLE STONE, IN, UPON OR UNDER THE SAID LAND AND THE RIGHT TO ENTER AND REMOVE THE SAME, IN RL 40 AND 41 PARISH OF ST JAMES

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