Bass Building

Office for Sale
Also listed as Multi-Family
Catylist Listing ID: 30738984
Property Subtypes: Mixed Use, Flex Space, Net Leased, Office Building
Building Size (RSF): 20,528 SF
Gross Building Area: See Agent
Gross Land Area: 6,120 SF
Sale Price: $3,375,000
Unit Price: $164.41 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Bass Building
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/21/2021

Overview / Comments

This mixed use asset provides an opportunity to invest in the growing and stable Brandon market with an asset that is fully leased with a diverse group of local businesses. According to the Brandon Chamber of Commerce, Brandon is ranked in the top 10 of 40 Canadian cities in business cost competitiveness and has also been ranked one of the top 10 places to live in Canada. As one of the fastest growing cities (6.1% growth from 2011 to 2016) the demand and support for small business will only continue to grow. The Bass Building is located in the heart of Brandon’s downtown, where there has been significant investment in revitalization.

The Bass Building at 29 10th Street is a 4 storey building originally built in 1910 using concrete floors and brick masonry exterior walls. Since its purchase in 2016 it was completely gutted and rebuilt with 21 commercial units from 2018 to 2020.
• 29 10th Street is a 4-storey, completely rebuilt historical building with 21 commercial units creating 20,528 SF of leasable space
• Some of the major upgrades include new electrical, plumbing, ceilings, walls, electrical fixtures, windows, doors and new elevator and roof
• Complete with a diverse set of tenants including café and bakery as well as a home décor retail business on the main floor, with a focus on professional services on the other floors

Attachments & Media

Additional Details

Nearest MSA: Brandon
Market: Winnipeg
Tax ID/APN: 31625.000
Zoning: HES
Property Visibility: Good

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