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227 Colborne St 4,203 SF 100% Leased Office Building Port Stanle, ON N5L 1C2 $998,000 CAD ($237.45 CAD/SF) 8.52% Cap Rate

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INVESTMENT HIGHLIGHTS

The building is located at a stoplight location on a heavily trafficked county roadway with plenty of walkable traffic.
Opportunity to purchase the building and the business.

4 commercial units paying rent and a highly in-demand downtown residential apartment.

EXECUTIVE SUMMARY

This is the opportunity of a lifetime to purchase a landmark building in an incredible downtown location in Port Stanley. The building is located at a stoplight location on a heavily trafficked county roadway. Expect plenty of walk-by traffic as well. 4 commercial units paying rent and a highly in-demand downtown residential apartment. Over 4000 square feet of rentable square footage. Rents are actualized and at market value. Net Rents approaching $85,000.There is also the opportunity to purchase the Apropos business as well as the building and land. The business is a high reputed, household name in Port Stanley that retails fine clothing and accessories. It comes with significant goodwill. There are plenty of allowable uses for the property under current zoning. Port Stanley is developing quickly ahead of the Volkswagen EV Gigafactory launch. This is a perfect place for a savvy investor to have their money go to work.