52 Nicola Drive, Headingley, MB

Avison Young Commercial Real Estate (Manitoba) Inc. (“Avison Young”) is pleased to offer for sale 100% interest in 52 Nicola Drive, in Headingley, Manitoba on behalf of its client JWG Enterprises – Canada ULC (the “Vendor”). 52 Nicola is a first-class, like-new fully leased industrial complex comprised of approximately 26,637 rentable square feet. It is well located on a large corner lot with excellent access, visibility, loading and exterior storage or expansion flexibility. With under 18% site coverage the Property offers plentiful customer and employee parking, expansive loading and future expansion lands. The Property is currently 100% leased to a strong national tenant at rents approximately 30% under market leaving significant upside opportunity for a future investor to add value at lease maturity. The Offering is a quality asset with a triple net lease, where the tenant directly contracts for all maintenance and repair making this virtual care-free ownership.

• Rentable Area 26,636.6 sf
• Land Area 3.29 acres
• Site Coverage 17.5%
• # of Tenants One
• Lease Maturity March 31, 2026
• Options to Renew 3 x 5 years at market rates
• Year Built 2018
• Zoning IB - Industrial Business
• 2023 City Assessment $2,808,800
• 2023 Property Taxes $48,239.18 ($1.81 psf)