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$ 9,450,000
Est. payment | /mo
49,322 SqFt
$ 9,450,000
Est. payment | /mo
49,322 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 49,322 sqft
Price per Sqft $191
Subdivision South Ward
MLS® Listing ID 40615257
Originating Board Barrie & District Association of REALTORS® Inc.
Lot Size 2.770 Acres
Acres 120661.2
Property Description
Prime Office Building Investment in Orillia Distinguished by its superior maintenance, strategic location, and strong investment potential, the building's strengths are: PEAK MAINTENANCE: Benefit from a property that's in excellent condition, with all capital improvements completed and up-to-date, ensuring a hassle-free investment. SOLID RETURNS: With 100% Occupancy, enjoy a 7.6% cap rate offering immediate cash flow. IDEAL LOCATION: Positioned directly across from the Orillia Recreation Centre and near amenities, this building is one of Orillia's most desirable office locations. GROWTH POTENTIAL: Located in an intensification node, anticipate capital appreciation with the city's forthcoming gentrification. Abutting 19.69 acre land also available as portfolio sale, along with another 23,477sf Orillia office building. (id:24570)
Location
Province ON
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Total Parking Spaces 160
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Maven Commercial Real Estate Brokerage
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