Asset Class: Office
Strategically situated at the intersection of Newfoundland Drive and Portugal Cove Road, this highly accessible availability offers a strong value proposition for owner-occupiers and investors alike. With 50% of the property currently occupied on long-term net leases, the remaining ground floor availability enables a unique opportunity for added value creation to an already stabilized cash-flowing asset.
Additionally, much of the building has undergone a suite of upgrades including new wiring, carpet, paint, LED lighting, and ceiling tiles. These contemporary finishes paired with the site’s ease of access and parking ratio (4:1000/sf) make it an attractive location for operators looking to foster/attract innovative and creative personnel in an efficient and engaging environment.
Asking Price: $3,950,000.00.
Property Type: Business
Building Amenities: Air Conditioning
Business Type: Office
Amenities Nearby: Recreation, Shopping
Zoning Description: CO