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$ 9,450,000
Est. payment | /mo
26 Baths
49,322 SqFt
$ 9,450,000
Est. payment | /mo
26 Baths
49,322 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 49,322 sqft
Price per Sqft $191
MLS Listing ID S9030199
Annual Tax Amount $83,398
Tax Year 2023
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.
Location
Province ON
County Simcoe
Community Orillia
Area Simcoe
Zoning C4
Region Orillia
City Region Orillia
Interior
Cooling Yes
Inclusions generator
Exterior
Utilities Available Yes
Others
Security Features No
Listed by MAVEN COMMERCIAL REAL ESTATE
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