121-151 1st AVENUE

Description

PRICED AT APPROXIMATELY $136/SQ FT, for the magnitude of this commercial space in this superior location, combined with your ROI, makes for a great long-term purchase - particularly when the demand for quality office space increases and lease rates go up! This business center is almost at full occupancy, with only 3 additional offices available for lease. The entire top floor of buildings 137 (1995 build), 145 (1966 build) & 151 (1980 build) 1st Ave NE, along with a 50' x 115' paved parking lot (121 1st Ave NE) currently house 6 professional tenants, including an anchor lease until July 2028. The buildings feature concrete block framing with a concrete foundation, brick & stucco exterior, double glazed aluminum windows, 10' ceiling heights and paved alley way accessibility. The building is heated with natural gas (forced air) and also provides its tenants with central A/C, 400 amp electrical service and modern key fob entry. There is a "Savaria V-1504" vertical platform lift to carry one wheelchair and one passenger to the main reception area. An 1,100+ sf addition was constructed at the rear of the building in 2016. Multiple kitchenettes, washrooms, a classy boardroom with multiple meeting/office spaces occupy the 9,480 sf space. Improvements/upgrades within the past 5 years include an entire new roof (fall 2022), an exterior ladder to meet safety regulations and the replacement of 2 rooftop units (2020). New flooring and paint updates are currently in progress. With only a few vacant offices available, this would make for a great opportunity for an owner to operate a business out of, while having a return on your investment. Please call for more details!

Listing courtesy of Century 21 Fusion