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Investment Sale

29,198 Sqft - 249 Oak Point Highway, Winnipeg, Manitoba

$3,950,000

Three Multi-Tenant Industrial Building Opportunity in Winnipeg, MB

The Opportunity

On behalf of our client, Cogan Holdings Ltd., CW Stevenson Inc. o/a Cushman & Wakefield | Stevenson is pleased to market for sale a 100% freehold interest in 249-271 Oak Point Highway in Winnipeg, Manitoba (the “Property”).
The Property consists of just over 29,000 square feet of rentable area over three buildings located on over 5.3 acres of land with excellent visibility and high exposure along Oak Point Highway at Egesz Street.
The structures on site combined with large site size, equate to an extremely low site coverage (11.5%). The current rent roll provides opportunity for near term upside in income with minimal effort considering the under market rent profile and short term leases from long standing tenants of the Property.
The Property presents a purchaser with the opportunity to acquire a stable industrial investment with immense intensification and near term income growth potential, providing strong value-add investment thesis metrics.

More Details

Property Type

Investment

Listing Type

Sale

Area Available

5.30 Acre

Listing Details

Property Type

Investment

Land Area

5.3 Acres

Sale Price

$3,950,000

Listing Type

Sale

Area Available

5.30 Acre

Property Taxes

$48,591.31

Rate Type

Zoning

M1

                
                
                
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Country

CA

Province

MB

City

Winnipeg

Street

249 Oak Point Highway

Longitude

W98° 46' 41''

Latitude

N49° 56' 10.9''