Wow- Exposure AND Parking !!!!
Retail-Commercial
for Sale
| Catylist Listing ID: |
30332229 |
| Property Subtypes: |
Mixed Use, Restaurant, Street Retail, Other
|
| Building Size (RSF): |
6,893 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
9,189 SF
|
| Sale Price: |
$1,700,000 |
| Unit Price: |
$246.63 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Last Updated: |
10/11/2019 |
Overview / Comments
Two well established businesses, at below market rents, in a high profile property on busy Portage Ave., spells OPPORTUNITY for savvy Commercial Real Estate Investors!!!!!
This property has been well maintained, has an upgraded facade, great signage, has 9 stalls in the rear, roof replaced +/- 2013 & shows very well.
BOOK A SHOWING NOW - THIS PROPERTY WONT LAST!
CALL JOE AT 204 955-6831
|
Financials
| Finance Data Year |
2018 |
| Real Estate Taxes - Annual($) |
$24,009 (Annual) |
| Assessed Value - Total($) |
$1,000,000 (Annual) |
| Potential Rental Income |
$124,074 (Annual) |
| Gross Operating Income |
$171,500 (Annual) |
| Net Operating Income |
$124,074 (Annual) |
| Actual or Proforma Year |
Proforma |
| Lender Name |
TACT |
Current Tenants
| Tenant Business Name |
Mooshiro Japanese Cuisine |
| Is Renting? |
Yes |
| Options |
Yes |
| Tenant Business Name |
Bethel Dental Centre |
| Is Renting? |
Yes |
| Escalations |
Yes |
| Options |
Yes |
| Tenant Notes |
Long established Dental Center provides service work to dental offices around the City. |
Additional Details
| Nearest MSA: |
Winnipeg |
| Market: |
Winnipeg |
| Submarket/Township: |
5A |
| Tax ID/APN: |
12090262000 |
| Zoning: |
C2 |
| Retail Clientele: |
Business |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
875 |
| Traffic/Vehicle Count: |
45,800 |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Roof Type: |
Flat |
| Total Parking Spaces: |
9 |
| Parking Type: |
Surface |
| Interior Description: |
1 high profile restaurant tenant & 1 established Dental lab tenant |
| Zoning Description: |
C2 |
| Lot Frontage: |
87.5 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
Lots 1&2, Plan 435, RL 71, parish of St James |
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