159 Colonnade Rd - Warehouse FOR SALE


Nepean, ON K2E 7J4
$3,600,000 CAD
613-716-7382
159 Colonnade Rd, Nepean, ON for Sale
$3,600,000 CAD
Warehouse - FOR SALE
1/16
null | Request Cap Rate

159 Colonnade Rd
Nepean, ON K2E 7J4


HIGHLIGHTS

  • 10,901 SF industrial flex building on 0.88 acres with six bays and second-floor office space.
  • Existing tenants produce $91,445 in annual basic rent, providing income stability and phased absorption potential.
  • Each bay features grade-level loading, private washrooms, and individual electrical sub-panels for operational independence.
  • 600A 240V 3-Phase power with 225 kVA available, suited to industrial users and trades.
  • Strategic location near Highways 416 and 417, minutes from Ottawa International Airport, and walking distance to retail amenities.
  • Recent capital upgrades include roof (2018), paving (2017), and HVAC (2016).

OVERVIEW

This 10,901 SF multi-tenant industrial building is available for purchase in the established Colonnade Business Park in Ottawa. The property is designed for owner-occupants who seek both immediate operational space and rental income from existing long-term tenants. Situated on 0.88 acres, the building includes six bays, an additional second-floor office, grade-level loading, and a clear height of 12 feet. The property’s IM zoning supports a diverse range of industrial and flex uses, making it suitable for manufacturing, warehousing, R&D, and light industrial activities. Currently, the building is 42% occupied by the owner-user portion (4,589 SF) and generates $91,445 annually in basic rent from three tenants: Pine Environmental, Technet, and Road Runner. These leases offer stable income with a weighted average expiry in 2029, reducing carry risk and improving affordability for the buyer. Enhanced infrastructure, including 600A 3-phase power and dedicated utility sub-panels per bay, ensures readiness for industrial operations. Recent capital improvements include a roof replacement (2018), paving (2017), and HVAC (2016), minimizing near-term repair costs. With proximity to Highway 416, Highway 417, and Ottawa International Airport, as well as adjacent retail amenities, the property provides convenient connectivity and strong locational advantages.

FOR SALE DETAILS

PRICE

$3,600,000 CAD

PRICE/SF

$330 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

UTILITIES

-

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

6

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.88

LAND SF

38,333

ZONING

IM

APN/PARCEL ID

061412049501740

ASK ABOUT THIS PROPERTY

Marc MorinSeva Commercial Real EstateMore Info
613-716-7382

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Marc MorinSeva Commercial Real EstateMore Info
613-716-7382

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.