Property Description

This unique investment opportunity is located on Millar Ave, between 70th and 71st St E. This commercial condominium project was built in 2008 and features paved customer/employee parking in the front with individual fenced compounds. The space encompasses two separately demised bays which are titled as a single unit at present but could be titled separately.

The Tenant has occupied the premises since June 1, 2016. They have renewed for an additional five-year term at $102,500 NOI ($14.64 PSF Net). The Tenant has a first right of refusal to purchase, call Agent for more details.

CONDO SIZE
±7,000 SF in addition to separate 451 SF and 900 SF mezzanines

BUILDING SIZE
±26,000 SF

LAND SIZE
±1.94 acres total development, 7,000 SF individual compound

SALE PRICE
$1,512,000

PROPERTY TAXES
$22,133.40 (2020)

CONDO FEES
$1.99 PSF (2021 estimate), includes water and sewer utility

CONDO DETAILS
• 3,094 SF finished office on main floor (bay 8)
• 451 SF warehouse mezzanine (bay 8) and 900 SF lab mezzanine (bay 7)
• Two electrical panels of 200 amp, 3-phase power
• Two 16’ x 14’ grade OH doors (with ability to add one 16’x14’ grade OH door)
• 24’ high, 20’6” clear ceiling
• Radiant warehouse heat

SITE DETAILS
• 53 on site paved parking stalls
• 7,000 SF compound (70’ x 100’)
• 50’ wide rear lane, 30’ wide
side lane, allowing drive around

ZONING
IH – Heavy Industrial

LEGAL DESCRIPTION
Condo Parcel 164421581 (Unit 7)

POSSESSION
Contact Listing Broker

    4003 Millar Ave, Saskatoon, SK

    For Sale - Investment Opportunity

    7,000 SF
    $1,512,000
    Listing ID #2233
    Barry Stuart
    Kelly Macsymic B.ED
    Contact