317 Donald St

Office: General

317 Donald St, WinnipegMB R3B 2H4

Property Details

Location

Address
317 Donald St, WinnipegMB R3B 2H4
County
Submarket
9A
Parcels
13096060200

Building Size

Building Size
Rentable Space
80,986 SF

Building Details

Type
 Office: General
Number of Buildings
Occupancy Type
Single Tenant
Percent Occupied
Building Class
B
Building Status
Existing
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.53 Acres
Land (SF)
23,087 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
C2
Lot Depth
Lot Width

Contacts

Current Listings

317 Donald Street

80,986 SF$17,500,000
Cushman Wakefield | Stevenson

THE OFFERING

CW Stevenson Inc., operating as Cushman & Wakefield | Stevenson (“CWS”), is pleased to offer for sale a 100% freehold interest in 317 Donald Street (the “Property”), on behalf of Credit Union Central of Manitoba (the “Vendor”). The Property is well located in the Sport, Hospitality & Entertainment District (SHED) in downtown Winnipeg, is immaculately maintained and like new.

It also boasts a fully-tenanted rent roll offering attractive cash flow and returns to an investor. The Property is also a great opportunity for an owner-occupier as there is the ability for flexibility to free-up some square footage to be used by the owner if desired. The large floor-plate of over 16,000 square feet is a rarity in smaller office properties, making this an attractive and bite-sized acquisition while offering multiple scenarios for future lease-ability.

INVESTMENT HIGHLIGHTS

Opportunity to acquire below replacement cost

Cost of construction has increased drastically in the last couple of years, both materials and labour. Land pricing has increased since date of construction.

Stable cash flows with strong yields

Strong tenant roster with longer-term leases in place. Office investment properties are transacting at higher cap rates than other asset classes such as multi-family and industrial.

Historically low financing rates

Although there are indicators pointing to an increasing interest rate environment in 2022, rates are still at historically low levels offering attractive debt to investors.

Cushman Wakefield | Stevenson

THE OFFERING

CW Stevenson Inc., operating as Cushman & Wakefield | Stevenson (“CWS”), is pleased to offer for sale a 100% freehold interest in 317 Donald Street (the “Property”), on behalf of Credit Union Central of Manitoba (the “Vendor”). The Property is well located in the Sport, Hospitality & Entertainment District (SHED) in downtown Winnipeg, is immaculately maintained and like new.

It also boasts a fully-tenanted rent roll offering attractive cash flow and returns to an investor. The Property is also a great opportunity for an owner-occupier as there is the ability for flexibility to free-up some square footage to be used by the owner if desired. The large floor-plate of over 16,000 square feet is a rarity in smaller office properties, making this an attractive and bite-sized acquisition while offering multiple scenarios for future lease-ability.

INVESTMENT HIGHLIGHTS

Opportunity to acquire below replacement cost

Cost of construction has increased drastically in the last couple of years, both materials and labour. Land pricing has increased since date of construction.

Stable cash flows with strong yields

Strong tenant roster with longer-term leases in place. Office investment properties are transacting at higher cap rates than other asset classes such as multi-family and industrial.

Historically low financing rates

Although there are indicators pointing to an increasing interest rate environment in 2022, rates are still at historically low levels offering attractive debt to investors.

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: Winnipeg Regional Real Estate Board

More Information

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