Single Tenant Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30193721
Property Subtypes: Manufacturing
Building Size (RSF): 122,675 SF
Gross Land Area: 281,848 SF
Sale Price: $9,500,000
Unit Price: $77.44 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/17/2018

Overview / Comments

Colliers’ National Investment Services in Winnipeg is pleased to announce that it has been retained to act as the exclusive agent in the sale of 680-692 Mission Street in Winnipeg, Manitoba. This single tenant investment property is occupied by Carfair Composites Inc., a vertically integrated and wholly owned subsidiary of NFI Group Inc., formerly New Flyer Industries Inc., and features a long term lease extending until December 2022.


1. A long-term lease (until Dec. 2022) with Carfair Composites Inc., a vertically integrated and wholly owned subsidiary of NFI Group Inc., offering prospective purchasers a financially stable, high quality income stream;
2. Located in the Mission Industrial Area of St. Boniface with convenient access to Lagimodiere Boulevard (Hwy 59), and New Flyer’s manufacturing facility at 711 Kernaghan Avenue in Transcona;
3. Significant completed and planned capital reinvestment with approx. $2.3M spent on building system improvements and renovations since 2005;
4. Tenant is currently embarking on a $1.8M Phase 1 plant level upgrade project with additional phases planned in the near term; and
5. Offered clear of mortgage and management encumbrances.

Offered for sale at $9,500,000 (6.8% Yield on Year 1 Net Income). A Confidential Information Document is available to qualified purchasers upon execution of a Confidentiality Agreement. All offers to purchase are to be submitted to Colliers International and will be considered by the Vendor as received.

Please visit the Colliers website at for more information or contact Colliers at 204-943-1600.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 2A
Zoning: M3


Photograph of Listing Agent

Brian Taillieu

Colliers International - Brian Tailleu
CPIX® Member
Photograph of Listing Agent

Donald White

Colliers International - Don White
CPIX® Member
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