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I N V E S T M E N T O P P O R T U N I T Y
DOWNTOWN WINNIPEG OFFICE BUILDING & MIXED-USE DEVELOPMENT SITE
105,000 SQ. FT. OFFICE BUILDING ON 2.0 ACRES OF LAND
THE OPPORTUNITYCapital Commercial Investment Services (“Capital”) is pleased to offer for sale a 100% interest in one seven-storey office building (280 Broadway), one 15-suite apartment building (70 Smith St.) and three surface parking lots (68 Smith Street and two others without civic addresses) in Winnipeg, Manitoba (the “Properties”). With significant frontage on Broadway, Smith Street and Donald Street, the Properties include over 100,000 square feet of developed office space on 2 acres of land prominently located at one of the main access points into the city’s Downtown. The Properties represent a unique opportunity to acquire a high-quality office building with excellent development upside potential for investors and end-users.
PROPERTY DETAILS
BUILDING DETAILS - 280 BROADWAY
KEY ATTRIBUTES OF THE OFFERING INCLUDE
» Strategically located in the Downtown with ease of access to all quadrants of the City » Existing revenue streams offer income stability with growth potential » Potential commercial or residential development on excess land » Significant recent capital investments in 280 Broadway » Recent lease extension with PWGSC completed at 280 Broadway » Lease obligated parking revenue provides protection against income fluctuation
280 Broadway280 Broadway
280 Broadway280 Broadway
70 Smith Street70 Smith Street
68 Smith Street68 Smith Street
BROADWAY BROADWAY
HARGRAVE PLACEHARGRAVE PLACE
HA
RG
RA
VE
STR
EET
HA
RG
RA
VE
STR
EET
DO
NA
LD S
TRE
ET
DO
NA
LD S
TRE
ET
SMIT
H S
TRE
ET
SMIT
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GA
RRY
STR
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SITE AREA 2.0 acres (87,437 sq. ft.)
PARKING 202 parking stalls
TOTAL FRONTAGE197’ - Broadway480’ - Smith Street330’ - Donald Street
OCCUPANCY 86.2%
TENANTS PWGSC, Province of Manitoba and Royal Bank
WALT 6.57 years
BUILDING AREA 105,341 sq. ft.
AVERAGE FLOOR PLATE 15,888 sq. ft.
NUMBER OF STOREYS 7
YEAR BUILT 1957
SPENCE
BALMORAL
BALMORAL
COLONY
VAUGHA
NVAUGHA
N
TO ST. JAMES
MEM
ORIAL
KEN
NEDY
EDMON
TON
KEN
NEDY
EDMON
TON
KEN
NEDY
EDMON
TON
CARLT
ON
HARGRA
VE
DONALD
WILLIAM STEPHENSON W
AY
PIONEER
LOMBARD
WATER
FRON
T D
R
WESTB
ROOK
ARTH
URKING
ALBE
RT
RORIE
BERT
HA
LILY
MART
HA
PRINCESS
ADELAIDE
NOTRE DAME
MCDERMOT
WILLIAM
JAMES
ELGIN
RUPERT
MARKET
JAMES
DISRAELI FREEWAY
DAGM
AR
ELLEN
BANNATYNE
CUMBERLAND
HARGRA
VEMA
IN
SMIT
H
GARRY
FORT MAIN
FORT
GARRY
CARLT
ON
HARGR
AVE
DONALD
SMIT
H
MAIN
ASSINIBOINE
FORKS MARKET RD
PIONEER
BLVD
PORTAGE
GRAHAM MALL (TRANSIT/CYCLISTS ONLY)
ST. MARY AVE.
WESLEY
MILL
YORK
QU’APPELLE
WEBB
ELLICE
THE PROMENADE
BROADWAY
OSBORNE
COLONY
GOOD
DUCKWORTH CENTRE
N.R.C.C.
WINNIPEGARTGALLERY
MEMORIALPARK
LAW COURTS
REVENUECANADA
STEPHEN JUBA
PARK
UPPERFORTGARRYGATE
BONNYCASTLE
PARK
JAPANESEGARDEN
ROYALWINNIPEGBALLET
CITYPLACE MILLENIUMLIBRARY
MILLENIUM LIBRARY
PARKST. MARY’SCATHEDRAL
WINNIPEGPOLICE SERVICES
HEADQUARTERS
201
PORTAGE
WINNIPEGSQUARE
FAIRMONTHOTEL
GRAINEXCHANGE BUILDING
ESPLANADERIEL
PROVENCHER BRIDGETO
ST. BONIFACE
RED RIVER
ASSINIBOINE RIVER
unionstation
CIBC
RICHARDSON CENTRE
GREAT WEST LIFE BUILDING
THE JOHN
HIRSCH
THEATR
E
PANTAGES
PLAYHOUSE
MTC
WAREHOUSE
THE MANITOBA
MUSEUM
PLANETARIUM
CENTENNIAL
CONCERT HALL
WINNIPEG
CITY HALL
OLDMARKETSQUART
COUNCIL BUILDING
PUBLIC SAFETY
BUILDING
RED RIVER
CAMPUS
CHINESE
CULTURAL
CENTRE
UNITED WAY
UKRANIAN
CULTURAL
CENTRE
ARTS
PACE
PARK
ADE
PLUG IN
THE
BAY
MANITOBAHYDROPLACE
PORTAGE PLACE
AIRCANADABLDG.
CENTRALPARK
AIR
CANADA
PARK
BURTONCUMMINGSTHEATRE
EXCHANGE
DOCK
ShawPark
MANITOBA LEGISLATURE
HERITAGE LANDING
FORT GARRY HOTEL
BELLMTS
PLACE
RBCCONVENTION
CENTRE
PORTAGE & MAIN
EXCHANGE DISTRICT
UNIVERSITY OF WINNIPEG
CANADIAN MUSEUM FOR HUMAN RIGHTS
THE FORKS
TRUE NORTH SQUARE
SITE
1.5km
8.5km
550m
800m
PORTAGE & MAIN
JAMES ARMSTRONG RICHARDSON
INTERNATIONAL AIRPORT
RBC CONVENTION CENTRE WINNIPEG
THE FORKS
Disclaimer: Capital Commercial Real Estate Services Inc. (“Capital”) does not accept or assume any responsibility or liability, direct or consequential, for the information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties. This information has not been verified by Capital, and Capital does not guarantee the accuracy, correctness and completeness of this information. The recipient of this information should take such steps as the recipient may deem necessary to verify the information in this document prior to placing any reliance upon it. The information may change and any property described in this document may be withdrawn from the market at any time without notice or obligation to the recipient from Capital.
Trevor [email protected]
Bryn [email protected]
Luke PaulsenAdvisor - Sales & [email protected]
2nd Floor, 570 Portage Avenue, Winnipeg, MB | T 204.973.5700 | F 204.956.2783 | capitalgrp.ca
Capital CommercialINVESTMENT SERVICES
