GOVERNMENT LEASED INVESTMENT PROPERTY IN RURAL MANITOBA

Office for Sale
Catylist Listing ID: 30470956
Property Subtypes: Governmental
Building Size (RSF): 11,250 SF
Gross Building Area: 1,120 SF
Gross Land Area: 81,021 SF
Sale Price: $950,000
Unit Price: $84.44 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: 7.8%
Last Updated: 9/12/2019

Overview / Comments

BUILDING SIZE: 11,250 SF
LAND SIZE: 81,021 SF (14% land coverage)
FRONTAGE / DEPTH: 341 FT of frontage on 3rd Avenue NE / 243 FT on 2nd Street NE
YEAR BUILT: 1991 – Updated in 2006
OFFICE AREA: Reception, 19 offices, boardroom, lunchroom, open area, and 2 washrooms.
PARKING: Asphalt lot on the south and packed gravel parking for overflow parking at the rear of the lot
CURRENT TENANT: Province of Manitoba
TERM EXPIRY: December 1, 2021 with renewal of two (2) one (1) year options 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,

Attachments & Media

Additional Details

Market: Winnipeg
Submarket/Township: R39
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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