Property Description

Unique investment opportunity in the Prince Albert’s downtown business district. Situated at the corner of Central Ave and 13th St E, this property has been historically leased to provincial and federal government tenants. Over 30% of tenants are renewed until 2023; over 45% are renewed until 2026; and over 22% are renewed until 2032. This well maintained building includes an underground parking in addition to a surface parking lot.

BUILDING SIZE
±34,597 SF three storey office tower

LAND SIZE
±.62 acres (±27,092 SF), 132’ frontage to Central Ave with 211’ along 13th St E

SALE PRICE
$5,150,000

NET OPERATING INCOME (NOI)
$397,436.21, which includes provincial government tenant commencing April 2022

SITE DETAILS
Built in 1989, this building is fully accessible with an elevator servicing all floors. The property is heated by a boiler system and ample power service. There are nine storage lockers in parkade.
A Dropbox of due diligence items will be available, upon execution of a confidentiality agreement, which includes copies of leases, rent roll, title information, as well as current Roof and HVAC reports. A new Phase I Environmental Audit will be provided by the Vendor upon contract.

PARKING
There are 34 secured, heated, stall in the underground parkade and 22 electrified surface stalls, for a total of 56 parking stalls on site.

ZONING
C1

LEGAL DESCRIPTION
Surface Parcels 134126265, 146064179 and 146064180

POSSESSION
To be arranged

    1288 Central Ave, Prince Albert, SK

    Investment For Sale

    $5,150,000
    Listing ID #2352
    Barry Stuart
    Kelly Macsymic B.ED
    Contact