Property Description

North 48 is located along one of Saskatoon’s main North Industrial arteries. This multi-tenant complex was constructed in 2008; it was fully-leased and build out was completed for Cameco. The multi-tenant building is currently occupied by SaskTel, Hub International and McClelland Debuscherre Accountants. ICR Brokerage (North) occupies the freestanding building on site. The site offers central access to both the new Chief Mistawasis Bridge as well as Circle Drive for easy access to all quadrants of the city. All leases include renewal options for the tenants. Rent roll is included herein.

AVAILABLE FOR SALE
Building A: 59,766 SF
Building B: 4,381 SF
Total: 64,147 SF

LAND SIZE
2.81 Acres (122,404 SF)

SALE PRICE
$16,785,000.00

TOTAL CURRENT NET OPERATING INCOME
$1,020,859.00 (2022) includes pylon sign rental income

TAXES
$288,559.79 (2022)

PARKING
212 paved & electrified parking stalls on site

BUILDING DETAILS
• Designed to accommodate OH doors for wholesale/retail use
• LED perimeter exterior lighting
• Integrated card access system
• Fire panel with fire sprinkler system throughout
• Fully-wired throughout for network access
• Metasys Building Management zoned HVAC system with 11 rooftop units and perimeter radiant panel heat supplied by high efficiency modulating boiler
• Computer-based building management system controls & monitors the mechanical system
• Motion-sensored lighting, sinks & toilets
• Access to public transit located at Millar Avenue

ZONING
IL1

LEGAL DESCRIPTION
Parcels 118989994, 118989905, 164388134

POSSESSION
Immediate

Additional Listings at 838 48th St E, Saskatoon, SK

838 48th St E, Saskatoon, SK

For Sale - Investment

64,147 SF
$16,785,000
Listing ID #1429
Tusia Black  B.A
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