Capital Commercial Investment Services (“Capital”) is pleased to offer for sale a 100% interest in one seven-storey office building (280 Broadway), one 15-suite apartment building (70 Smith St.) and three surface parking lots (68 Smith Street and two others without civic addresses) in Winnipeg, Manitoba (the “Properties”). With significant frontage on Broadway, Smith Street and Donald Street, the Properties include over 100,000 square feet of developed office space on 2 acres of land prominently located at one of the main access points into the city’s Downtown. The Properties represent a unique opportunity to acquire a high-quality office building with excellent development upside potential for investors and end-users.
Site Area: 2.0 acres (+/-) (87,437 sq. ft.)
Parking: 202 stalls
Building Details – 280 Broadway
Building Area: 105,341 sq. ft. (+/-)
Average Floor Plate: 15,888 sq. ft.
Number of Storeys: 7
Year Built: 1957
Key Attributes of the Offering include
- Strategically located in the Downtown with ease of access to all quadrants of the City
- Existing revenue streams offer income stability with growth potential
- Potential commercial or residential development on excess land
- Significant recent capital investments in 280 Broadway
- Recent lease extension with PWGSC completed at 280 Broadway
- Lease obligated parking revenue provides protection against income fluctuation
To download the Confidentiality Agreement click HERE