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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.
Building Size8,623 ft²
Lot Size23,000 ft²