5022 49th St - Office FOR SALE


Yellowknife, NT X1A 1M1
$8,350,000 CAD
780-246-1832

NO PHOTO

$8,350,000 CAD
Office - FOR SALE
null | 9.21% Cap Rate

5022 49th St
Yellowknife, NT X1A 1M1


HIGHLIGHTS

  • For decades Centre Square Mall has served as the only enclosed mall in the Northwest Territories.
  • The adjoining building also connects to the library, residential units, and the Quality Inn & Suites hotel.
  • The asset benefits from underground parking – an imperative advantage during the winter months.
  • The recent additions of Tim Hortons and the City of Yellowknife Visitor’s Centre have aided towards making the mall more pedestrian friendly
  • Continued momentum on filling vacancy with a tourist-friendly tenant mix will further synergies between the mall and the adjoining hotel.

OVERVIEW

Avison Young is pleased to present an exclusive opportunity to acquire freehold interest in Centre Square Mall (the “Property”). Centre Square Mall is an 81,512 square foot retail & office centre in Downtown Yellowknife. The Property is a part of a larger mixed-use condominium complex with an above and below grade parkade. Located on 49 Street, just south of Franklin Avenue, the Property is surrounded by other office buildings, hotels, restaurants, and city amenities. Yellowknife is the capital city and business centre of the Northwest Territories. The federal, territorial and municipal governments are the largest occupiers of space in the downtown office market.

FOR SALE DETAILS

PRICE

$8,350,000 CAD

PRICE/SF

$102 CAD /SF

CAP RATE

9.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Centre Square Mall

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,864 SF

ZONING

C-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

James RobertsonAvison YoungMore Info
780-246-1832

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James RobertsonAvison YoungMore Info
780-246-1832

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.