20
$949,000 Sale
Listed 80 days ago
326 High STREET W
· 0
· 0.0
· 0
· 13260
Key Facts
Key facts for 326 High STREET W
Property Type
Commercial
Parking
Garage: No, 0 parking
MLS #
SK043591
Size
13260 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1985
Maintenance Fee
-
Description
Investor alert! Excellent opportunity to acquire a stable income-producing commercial property on busy High Street in downtown Moose Jaw, located very close to the Moose Jaw Event Centre and Main Street. This property features three established long-term tenants, all operating under triple net lease...s, which keeps the landlord’s ongoing expenses limited primarily to structural and major mechanical items. The property is currently producing a cap rate of 7.38%, with a future cap rate of 8.74%, offering both strong in-place income and upside potential. Existing rents appear to be below market, creating a solid long-term opportunity for an investor looking for dependable cash flow with room for future growth. The building is equipped with rooftop HVAC and also includes a 1,640 sq. ft. Quonset that can be used by the owner for storage or potentially leased out to generate additional rental revenue. A clean Phase I ESA was completed in 2019, adding further confidence for purchasers reviewing the property. With its downtown location, long-term tenants, triple net lease structure, below-market rents, and additional income potential, this is a very stable and practical commercial investment. Call today for the full information package. Signed NDA required. (id:10452)
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Listing courtesy of: Royal LePage Next Level
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