Property Description

100% OCCUPIED INVESTMENT OPPORTUNITY

Royal Square has been a retail mainstay in the Confederation Suburban Centre district for 40 years. It is located between Confederation Drive and Diefenbaker Drive, along 22nd Street West with access to Circle Drive. 100% occupied and recently anchored by Great Asian Market, Royal Square has a healthy mix of retail, restaurant and service tenants including a 34-year tenancy with the Royal Bank of Canada.

Royal Square is shadow anchored by Confederation Mall and Real Canadian Superstore. Other prominent tenants in the Confederation Suburban Centre include Canadian Tire, Winners, FreshCo, Sport Chek, Fit 4 Less, Dollarama, Cowtown, Petland, Jysk, Tim Hortons, McDonald’s, Starbucks, SLGA, Petro-Canada, CIBC and Burger King.

CIVIC ADDRESS
15 Worobetz Place

PROPERTY NAME
Royal Square

NEIGHBOURHOOD
Confederation Suburban Centre

TOTAL BUILDING SIZE BOMA
41,571 SF
41,145.3 SF Leasable

DETAILS
Number of tenants: 14
Weighted Avg Lease Term: 73.4 months
West Suburban Vacancy: 2.88%
West Suburban Avg Asking Rate: $25.36 PSF
Royal Square Occupancy: 100%
2021 Property Taxes: $166,863

SALE PRICE
$10,250,000

BUILDING ONE
8,685.7 SF
8,580.7 SF Leasable

BUILDING TWO
32,885.3 SF
32,564.6 SF Leasable

LAND SIZE
2.97 acres

PARKING
222 stalls (as per 1981 site plan)

ZONING
B4 – Arterial and Suburban Commercial Development

LEGAL DESCRIPTION
Surface Parcel 118201193

    Additional Listings at 15 Worobetz Pl, Saskatoon, SK S7L6S5

    15 Worobetz Pl, Saskatoon, SK S7L6S5

    For Sale - Investment/Retail

    41,571 SF
    $10,250,000
    Listing ID #2430
    Todd Butler
    Contact