747 Silver Seven Rd - Storefront CONDO FOR SALE


Ottawa, ON K2V 0A1- Nepean Kanata
$15,000,000 CAD
613-788-2747
747 Silver Seven Rd, Ottawa, ON for Sale
$15,000,000 CAD
Storefront CONDO - FOR SALE
1/8
null | 7.38% Cap Rate

747 Silver Seven Rd
Ottawa, ON K2V 0A1
Nepean Kanata


HIGHLIGHTS

  • With approximately 9.5-years of Lease Term remaining, and annualized rent increases of 3%, the Property offers an investor long-term stabilized income
  • Constructed in 2021, the Property provides minimal exposure to near term capital investment.
  • Units are located within Commercial Condo 1033 which is professionally managed by Apollo Property Management
  • Located centrally in the Terry Fox Business Park, across from Costco, Home Depot and Movati, and easily accessible from Highway 417.

OVERVIEW

This exceptional Property offers incoming purchasers an exceptional opportunity to acquire units within a recently constructed building, which units are improved as Ottawa’s largest Emergency and Specialty Animal Hospital. The Owner has a long-term lease in place with the Tenant, delivering a purchaser stabilized long-term income from a high-quality covenant tenant. Located centrally in the highly accessible Terry Fox Business Park in Kanata, the Property is located across from Costco, Home Depot, Movati and a recently constructed modern U-Haul storage facility. The commercial condo offers a professional environment predominately occupied by medical, dental, professional services and retail uses. The building was constructed in 2021, and the Units were improved in 2023, providing a buyer with minimum capital exposure in the short-term. The Condominium Corporation is managed by Apollo Property Management, who administer all common elements, property maintenance and expenses on behalf of the owners. As a commercial condominium, a buyer is provided in-place management services and a passive investment opportunity.

FOR SALE DETAILS

PRICE

$15,000,000 CAD

PRICE/SF

$698 CAD /SF

CAP RATE

7.38%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silver Seven Corporate Centre

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

38,610 SF

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

168

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

IL6 H30

APN/PARCEL ID

061430081600347,061430081600394

ASK ABOUT THIS PROPERTY

Jamie BoyceCBRE, LimitedMore Info
613-788-2747

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Jamie BoyceCBRE, LimitedMore Info
613-788-2747

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