Downtown Winnipeg Office Investment/User Opportunity

Office for Sale
Catylist Listing ID: 30701996
Property Subtypes: Office Building
Building Status: Under Construction
Building Size (RSF): 33,502 SF
Gross Land Area: 11,225 SF
Sale Price: $3,750,000
Unit Price: $111.93 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/4/2021

Overview / Comments

In collaboration with A.S.H. Management Group Inc., Colliers National Investment Services has collectively been retained to act as the exclusive agent in the sale of 276 Portage Avenue in downtown Winnipeg, Manitoba. 276 Portage Avenue is a character 4-storey office building extensively renovated in 2006. It features a full lower level, and a total of approximately 33,502 square feet of leasable area.

Offered for sale at $3,750,000 ($112 Per SF) with all expressions of interest to be reviewed and considered by the Vendor as received.

Features:
- Excellent exposure for signage and branding along Portage Avenue which features an average traffic count of more than 55,000 vehicles traveling past the property on a daily basis;
- Over $7 million in building renovations since 2006 including extensive improvements to the mechanical, roof, and electrical systems;
- Title to be treated as clear of mortgage financing; and
- Winnipeg’s economy remains strong, diverse, and growing with the downtown area becoming a thriving “Live - Work - Play” neighbourhood.

Contact Colliers at 204-943-1600 for more information.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 9A
Tax ID/APN: 12093224100
Zoning: M - MULTIPLE USE

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Contact

Photograph of Listing Agent

Donald White

Colliers International - Don White
CPIX® Member
Photograph of Listing Agent

Clarise Mare

Colliers International
CPIX® Member
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