South Point Douglas Heritage site

Industrial for Sale
Catylist Listing ID: 30178521
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution, Other
Building Size (RSF): 67,500 SF
Gross Land Area: 39,171 SF
Sale Price: $2,300,000
Unit Price: $34.07 PSF
Docks/Doors: 2 Docks, 2 Doors
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: J.R. Watkins Building
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/27/2018

Overview / Comments

Built in 1914 and expanded in 1921 this 8 storey Heritage Building occupies a prime location on the the northwest corner of Higgins & Annabella in South Point Douglas.

A total of 67,500 Sf of rentable space on 39,000 SF of land area, of which 50% is currently dedicated green space.

Currently the building is zoned M2. It is serviced by 2 freight elevators, There is ample multi-phase hydro, gas fired steam heat, and a flat roof which was redone in 2017.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 9A
Zoning: M2
Property Located Between: Northwest corner Higgins Avenue & Annabella Street
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 8
Typical SF / Floor: 8,450 SF
Year Built: 1914
Year Renovated: 1921
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Freight Elevators: 2
Sprinklers: Wet
Heat Type: Natural Gas, Steam
Heat Source: Central
Internet Access: ISDN, Satellite
Zoning Description: M2 INDUSTRIAL
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: CT 511192, 427411,352740,484799,488107


Photograph of Listing Agent

Lorne Weiss (TRC), CIPS

Century 21 Bachman & Assoc.
CPIX® Member
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