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52,188 ft²
Office
$11.3M
sale


The Space
TypeProperty for sale
AvailableImmediately
Asking Price$11,270,000
Net Operating Income$837583.12

The Building - THE AVENUE BUILDING

Located in the downtown core at the intersection of 21st Street and 3rd Avenue South, the Avenue Building was built in 1913 and was home to McMillan’s Department Store. Since then, the Avenue Building has housed retail business and professional offices. This unique building has a beautiful lobby that showcases the original vaulted ceiling. Its basement also extends to beneath the sidewalks, which makes this building one of kind. The building has new electrical service installed in 2014. The 2nd, 3rd and 4th floors are heated and cooled with rooftop HVAC units that were installed in 2013. Offering Process All parties upon signing of the confidentiality agreement will receive access to a private extranet document delivery room for all pertinent due diligence. A log in ID and password will be issued. Offers will be evaluated based on consideration offered for the property; the purchaser’s ability to complete the transaction and proposed terms and conditions. No offer will create a binding sale until fully executed by the Vendor and Purchaser. Prospective purchasers should note that the Vendor is under no obligation to accept any offer. Data Room A data room will be available for prospective purchasers to review the following due diligence: • Zoning • Phase I and Phase I update • Surveyor’s Certificate • Parcel Pics • ISC Titles • Encroachment Agreement • Leases • Property Taxes • Appraisal • Rent Roll BUILDING PARTICULARS • 4 stories totalling approximately 52,188 SF plus 40 underground parking stalls • Building consisting of commercial retail on main floor; second, third and fourth floors are offices • Basement consists of 40 parking stalls, mechanical room and storage units


Property TypeOffice
Floors4
Building Size52,188 ft²
ZoningB6