DYNASTY BUILDING
OFFICE INVESTMENT OPPORTUNITY
DYNASTY BUILDING 180 King Street, Winnipeg, Manitoba June 2014 Release
Chinatown Office Investment/User Opportunity Colliers National Investment Services in Winnipeg is pleased to offer for sale a subleasehold interest in the Dynasty Building at 180 King Street. With an offering price of only $56 per square foot, the property features a strong location in close proximity to City Hall, the Public Safety Building, and Red River College’s downtown campus and sets up well for value-add investors or users seeking quality commercial space given the availability of approximately 5,750 square feet of contiguous office space on the 5th floor.
Property Details Rentable Area: 42,839 square feet over five floors* * The 2nd floor is owned and occupied by the Winnipeg Chinese Cultural and Community Centre Corporation.
Year Built:
1987
Occupancy:
75% (10,546 square feet is available)
Major Tenants:
City of Winnipeg (15,649 square feet) Child & Family Services (8,079 square feet)
Parking: Call on up to 60 stalls in the heated underground parkade COLLIERS NATIONAL INVESTMENT SERVICES - CANADA
Vancouver
Edmonton Calgary Winnipeg Simon Lim Ken Williamson Bob Young Brian Taillieu John Boer Rick Argue Michael Golightly Don White
Toronto
Milton Lamb Adam Kosoy David Williams
Toronto North
Jim McIntosh Bill Pitt
OFFICE INVESTMENT OPPORTUNITY
DYNASTY BUILDING 180 King Street, Winnipeg, Manitoba
K in gS tre
et
June 2014 Release
Harmony Mansion (Non-Profit Housing)
Mandarin Building
Public Safety Building & Parkade
City Hall
Ma
Red River College
in
Str e
et
180 King Street
Highlights >> L ocated in the heart of Chinatown in close proximity to City Hall and Red River College’s downtown campus. >> Competitive gross rental rate structure with additional rent budgeted at only $6.08 per square foot in 2014. >> Current vacancies offer up to 5,750 square feet of contiguous spacing including a 5th floor unit that features extensive office improvements developed for a real estate services company. >> The property is available clear of financial encumbrances and is well-suited for a re-positioning scenario.
Offering Price of $2,400,000 ($56 per square foot) with all offers to be considered by the Vendor as they are received. Colliers International | www.colliers.com This document has been prepared by Colliers International, Don White and Colliers International, Brian Taillieu (“Colliers International”) for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved.
Exclusive Agents For details on this offering, please contact: COLLIERS INTERNATIONAL, DON WHITE, CFA, CGA (Deal Lead) Ph. 204.926.3843 [email protected] COLLIERS INTERNATIONAL, BRIAN TAILLIEU Ph. 204.926.3842 [email protected] Colliers International National Investment Services 5th Floor - 305 Broadway Winnipeg, Manitoba R3C 3J7 Ph. 204.943.1600 www.colliers.com
DYNASTY BUILDING 180 King Street, Winnipeg, Manitoba June 2014 Release
Chinatown Office Investment/User Opportunity Colliers National Investment Services in Winnipeg is pleased to offer for sale a subleasehold interest in the Dynasty Building at 180 King Street. With an offering price of only $56 per square foot, the property features a strong location in close proximity to City Hall, the Public Safety Building, and Red River College’s downtown campus and sets up well for value-add investors or users seeking quality commercial space given the availability of approximately 5,750 square feet of contiguous office space on the 5th floor.
Property Details Rentable Area: 42,839 square feet over five floors* * The 2nd floor is owned and occupied by the Winnipeg Chinese Cultural and Community Centre Corporation.
Year Built:
1987
Occupancy:
75% (10,546 square feet is available)
Major Tenants:
City of Winnipeg (15,649 square feet) Child & Family Services (8,079 square feet)
Parking: Call on up to 60 stalls in the heated underground parkade COLLIERS NATIONAL INVESTMENT SERVICES - CANADA
Vancouver
Edmonton Calgary Winnipeg Simon Lim Ken Williamson Bob Young Brian Taillieu John Boer Rick Argue Michael Golightly Don White
Toronto
Milton Lamb Adam Kosoy David Williams
Toronto North
Jim McIntosh Bill Pitt
OFFICE INVESTMENT OPPORTUNITY
DYNASTY BUILDING 180 King Street, Winnipeg, Manitoba
K in gS tre
et
June 2014 Release
Harmony Mansion (Non-Profit Housing)
Mandarin Building
Public Safety Building & Parkade
City Hall
Ma
Red River College
in
Str e
et
180 King Street
Highlights >> L ocated in the heart of Chinatown in close proximity to City Hall and Red River College’s downtown campus. >> Competitive gross rental rate structure with additional rent budgeted at only $6.08 per square foot in 2014. >> Current vacancies offer up to 5,750 square feet of contiguous spacing including a 5th floor unit that features extensive office improvements developed for a real estate services company. >> The property is available clear of financial encumbrances and is well-suited for a re-positioning scenario.
Offering Price of $2,400,000 ($56 per square foot) with all offers to be considered by the Vendor as they are received. Colliers International | www.colliers.com This document has been prepared by Colliers International, Don White and Colliers International, Brian Taillieu (“Colliers International”) for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved.
Exclusive Agents For details on this offering, please contact: COLLIERS INTERNATIONAL, DON WHITE, CFA, CGA (Deal Lead) Ph. 204.926.3843 [email protected] COLLIERS INTERNATIONAL, BRIAN TAILLIEU Ph. 204.926.3842 [email protected] Colliers International National Investment Services 5th Floor - 305 Broadway Winnipeg, Manitoba R3C 3J7 Ph. 204.943.1600 www.colliers.com
