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52 Nicola Drive

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Address: 52 Nicola Dr, Headingley, MB R4H 1C7, Canada

Canada + Apartment Buildings

Created date: November 14, 2024

Date last updated: November 14, 2024

Rentable Area - 26,636.6 sf
Land Area -3.29 acres
Site Coverage -17.5%
# of Tenants - One
Lease Maturity - 5 year term
Options to Renew - 3 x 5 years at market rates
Year Built - 2018
Zoning IB - Industrial Business
2023 City Assessment - $2,808,800
2023 Property Taxes - $48,239.18 ($1.81 psf)

Property Description

Avison Young Commercial Real Estate (Manitoba) Inc. (“Avison Young”) is pleased to offer for sale 100% interest in 52 Nicola Drive, in Headingley, Manitoba on behalf of its client JWG Enterprises – Canada ULC (the “Vendor”).52 Nicola is a first-class, like-new fully leased industrial complex comprised of approximately 26,637 rentable square feet. It is well located on a large corner lot with excellent access, visibility, loading and exterior storage or expansion flexibility. With under 18% site coverage the Property offers plentiful customer and employee parking, expansive loading and future expansion lands. The Property is currently 100% leased to a strong national tenant at rents approximately 30% under market leaving significant upside opportunity for a future investor to add value at lease maturity. The Offering is a quality asset with a triple net lease, where the tenant directly contracts for all maintenance and repair making this virtual care-free ownership.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$4,950,000
Year Built:	2018
Lot Size:	26,637.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here