Retail-Commercial for Sale
Catylist Listing ID: 30860447
Property Subtypes: Street Retail
Condo? Yes
Building Size (RSF): 1,484 SF
Gross Building Area: See Agent
Gross Land Area: 1 SF
Sale Price: $560,000
Property Use Type: Net Leased Investment (NNN)
Building Name: Ship Street Village
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/6/2023

Overview / Comments

2 commercial condo units with 2 long term tenants, a pharmacy and a body treatment business. Both tenants are on net leases providing an investor with an annual cash flow of $33,552. The rents are currently below market value therefore rate increases will likely happen upon future lease renewals. Solid investment offered at a 6% CAP. The vendor will consider all offers as received.

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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David Bergman

RE/MAX professionals
CPIX® Member
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