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University Park Shopping Centre 166 University Park Dr 2,400 - 7,216 SF of Space Available in Regina, SK S4V 1A3
HIGHLIGHTS
- High-visibility, easily accessible spaces in Regina
- Whether you're a retail brand or a professional office tenant, this neighbourhood shopping centre offers the visibility and convenience your business
- University Park Shopping Centre offers prime office and retail leasing opportunities in a bustling southeast location at the corner of University Park
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 186/188 | 2,400 SF | Negotiable | $20.00 CAD/SF/YR $1.67 CAD/SF/MO $48,000 CAD/YR $4,000 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 234 | 4,816 SF | Negotiable | $20.00 CAD/SF/YR $1.67 CAD/SF/MO $96,320 CAD/YR $8,027 CAD/MO | TBD |
1st Floor, Ste 186/188
Over 22,000 vehicles per day on Arcola Avenue. Ample surface parking for staff and visitors. Tenant Improvement Allowance available for qualified tenants. Immediate possession and flexible occupancy options. Located near Ring Road and Victoria Avenue E, with a 49,642 population within 3 KM
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Open Floor Plan Layout
- Central Air Conditioning
- Ample surface parking
1st Floor, Ste 234
Over 22,000 vehicles per day on Arcola Avenue. Ample surface parking for staff and visitors. Tenant Improvement Allowance available for qualified tenants. Immediate possession and flexible occupancy options. Located near Ring Road and Victoria Avenue E, with a 49,642 population within 3 KM
- Fully Built-Out as Standard Office
- Open Floor Plan Layout
- Central Air Conditioning
- Ample surface parking
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 7,216 SF | Gross Leasable Area | 41,380 SF |
| Property Type | Retail | Year Built | 1986 |
| Property Subtype | Storefront | Parking Ratio | 3.72/1,000 SF |
| Total Space Available | 7,216 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 41,380 SF |
| Year Built | 1986 |
| Parking Ratio | 3.72/1,000 SF |
ABOUT THE PROPERTY
Office/retail space is now available for lease in the University Park Shopping Centre. The space will suit a wide variety of tenants. The mall is located in southeast Regina at the corner of University Park Drive & Arcola Avenue. Close proximity to the Ring Road and Victoria Avenue E. Ample surface lot parking is available for tenant staff and visitors. Available immediately. Operating costs are $10.16 (est. 2024); tenant pays separately metered utilities. University Park Shopping Centre- Corner of Arcola Avenue & University Park Drive Regina, SK.
- Security System
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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University Park Shopping Centre | 166 University Park Dr
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