SOLD - 473 Windmill Road

Dartmouth, Nova Scotia

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Building

Stats

  • Property Type Industrial - Warehouse/Distribution
  • Year built 1975
  • Building size (SF) 19,200
  • Size (Ac) 1.1
  • Price $2,900,000 CAD

Overview

The subject property is a stand alone, steel frame, industrial building on one of Burnside's main thoroughfares with approximately 16,800 sf of multi-use commercial space on the main level and a sizeable 2,400 sf concrete mezzanine consisting of multiple offices. The structure is cladded with metal siding and a metal roof. The property is situated on a 1.1 acre lot, allowing for parking and loading on either side of the building. Recent repairs include $20,000 spent on the roof and the installation of a new oil tank. The interior is divided into five separate units with a mixture of two dock and two grade loading doors. The property enjoys I-2 Zoning, which allows for a wide variety of potential uses. Mechanical systems include six oil-fired furnaces and baseboard heat. The building is currently occupied by five separate tenants on month-month leases. There is potential to keep the building as multi tenant or convert to a an owner-occupier building.

Highlights

Stand-alone, multi-tenant building on Windmill Road;

Potential for conversion to a single tenant application;

Five tenants on month-to-month and short leases;
Excellent opportunity to purchase a revenue-generating asset in a prime location, with lots of development planned nearby;

In place rents are substantially lower than 'market' potential.

Location Map

Team

Michael Brown

Michael Brown

Managing Director & Broker
Avison Young - CA - NS - Halifax
9022296179

Downloads

Drone Video - Avison Young - 472 Windmill Road.mp4

Offering Memorandum (L)

Offering Brochure - 473 Windmill Road - Compressed

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