FULLY LEASED INVESTMENT OPPORTUNITY
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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|
