GOVERNMENT LEASED INVESTMENT PROPERTY IN RURAL MANITOBA

Office for Sale
Catylist Listing ID: 30470952
Property Subtypes: Governmental
Building Size (RSF): 4,900 SF
Gross Land Area: 10,769 SF
Sale Price: $485,000
Unit Price: $98.98 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: 7.9%
Last Updated: 9/12/2019

Overview / Comments

BUILDING SIZE: 4,900 SF
LAND SIZE: 10,769 SF (45% land coverage)
FRONTAGE / DEPTH: 85.5 FT of frontage on Main Street N / 126 FT on Darcy Street
YEAR BUILT: 1991
ZONING: Central Commercial Zone (CC) – permitted uses are varied, including light industrial, multifamily, and many others
OFFICE AREA: Reception, 4 offices, boardroom, lunchroom, open area, and 2 washrooms
PARKING: Abundant with packed gravel surface
CURRENT TENANT: Province of Manitoba
TERM EXPIRY: January 1, 2021, with one (1) one (1) year option to extend on the same terms and conditions as the Lease
NET OPERATING INCOME: As per the operating statement with the year ending December 31, 2018, the net operating income was $38,220

Attachments & Media

Additional Details

Market: Winnipeg
Submarket/Township: R32
Zoning: CC

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Contact

Photograph of Listing Agent

Jamie McPetrie

Avison Young Commercial R.E.(Manitoba)
CPIX® Member
Photograph of Listing Agent

Steven Paulus

Avison Young Commercial R.E.(Manitoba)
CPIX® Member
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