159 Colonnade Rd 10,901 SF 100% Leased Industrial Building Nepean, ON K2E 7J4 $3,600,000 CAD ($330.24 CAD/SF)

This 10,901 SF multi-tenant industrial building is available for purchase in the established Colonnade Business Park in Ottawa. The property is designed for owner-occupants who seek both immediate operational space and rental income from existing long-term tenants. Situated on 0.88 acres, the building includes six bays, an additional second-floor office, grade-level loading, and a clear height of 12 feet. The property’s IM zoning supports a diverse range of industrial and flex uses, making it suitable for manufacturing, warehousing, R&D, and light industrial activities.
Currently, the building is 42% occupied by the owner-user portion (4,589 SF) and generates $91,445 annually in basic rent from three tenants: Pine Environmental, Technet, and Road Runner. These leases offer stable income with a weighted average expiry in 2029, reducing carry risk and improving affordability for the buyer. Enhanced infrastructure, including 600A 3-phase power and dedicated utility sub-panels per bay, ensures readiness for industrial operations. Recent capital improvements include a roof replacement (2018), paving (2017), and HVAC (2016), minimizing near-term repair costs. With proximity to Highway 416, Highway 417, and Ottawa International Airport, as well as adjacent retail amenities, the property provides convenient connectivity and strong locational advantages.