1504 - 1506 Michael St - Service FOR SALE


Ottawa, ON K1B 3S1- East Central
$5,100,000 CAD
613-691-2100
1504 - 1506 Michael St, Ottawa, ON for Sale
$5,100,000 CAD
Service - FOR SALE
1/5
null | 3.92% Cap Rate

1504 - 1506 Michael St
Ottawa, ON K1B 3S1
East Central


HIGHLIGHTS

  • Currently 73% occupied, offering immediate income potential.
  • Prime location near St. Laurent Blvd/HWY 417 with excellent road access.
  • Features Five 10x12 and one 12x14 drive-in doors for easy loading and unloading.
  • Spacious units with ample parking for employees and customers

OVERVIEW

Excellent investment opportunity! This industrial service building is currently 73% occupied, offering strong cash flow potential. Strategically located near St. Laurent Blvd, providing easy access to major roads. The property features 6 drive-in doors (each 14' x 12'), spacious units ideal for a variety of industrial uses, and ample parking for both employees and customers.

FOR SALE DETAILS

PRICE

$5,100,000 CAD

PRICE/SF

$402 CAD /SF

CAP RATE

3.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

UTILITIES

Lighting, Gas, Water

CLEAR CEILING HT

15.416666666666666 Ft

DOCKS

-

DRIVE INS

6

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.92

LAND SF

40,075

ZONING

IL

APN/PARCEL ID

61410610108000

ASK ABOUT THIS PROPERTY

613-691-2100

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613-691-2100

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