or
By sending an inquiry or calling an agent, you agree to our Terms of Use
Share
Report

8,623 ft²
Retail
$3,200,000
Sale


3780 Fallowfield Road is an 8 unit strip mall located in Barrhaven, a suburb of Ottawa. The building consists of 8,623 square feet. The property was built in the mid 1980's by the current owner. It is self managed and has been diligently maintained. The building has benefited from long term and stable tenants. Recent improvements include the roof (2015), parking lot pavement (2015), upgrades to the building pylon (2015) and new HVAC systems in a few of the units. The property will be 100% leased as of May 1, 2018. Asking price is $3,200,000. An investment analysis report of the asset demonstrates a 13.5% annualized return on investment based on a 5 year buy and hold strategy. The report takes into account building management fees, escalations in annual expenses and a variable for a vacancy rate. The report is available upon request.


The Space
TypeProperty for sale
AvailableImmediately
Asking Price$3,200,000
Net Operating Income$167000
Property UseInvestment property

Protect Your Business

Get the most cost-effective insurance
coverage fast and easy!


The Building - Barrhaven Strip Mall

3780 Fallowfield Road is an 8 unit strip mall located in Barrhaven, a suburb of Ottawa. The building consists of 8,623 square feet. The property was built in the mid 1980's by the current owner. It is self managed and has been diligently maintained. The building has benefited from long term and stable tenants. Recent improvements include the roof (2015), parking lot pavement (2015), upgrades to the building pylon (2015) and new HVAC systems in a few of the units. The property will be 100% leased as of May 1, 2018. Asking price is $3,200,000. An investment analysis report of the asset demonstrates a 13.5% annualized return on investment based on a 5 year buy and hold strategy. The report takes into account building management fees, escalations in annual expenses and a variable for a vacancy rate. The report is available upon request.


Property TypeRetail
Floors1
Building Size8,623 ft²
Lot Size23,000 ft²
ZoningCommercial
Cap Rate5%
Frontage150'0"
Year Built1981
Operating Cost$103,000/yr
Parking Spaces60
Year Renovated2015
Net Operating Income$167,000/yr

Register Your Business In Minutes

Ownr is the simplest, most convenient way to register or
incorporate your business and build your brand.

Use the code SPACELIST40 at checkout for $40 off.


Buy Your Office Essentials

Manage your Best Buy orders and enjoy business-level pricing with a free Business Account.


Similar Listings