Fully Leased Commercial/Office Complex Investment Opportunity
Constructed approximately 50 years ago, this building was completely redone in 2001. At this time, the building was completely gutted and redone including plumbing, electrical, interior partitions and flooring. In 2009 and 2011 the HVACS were replaced. The layout of the building features 7 commercial units which have been converted into 6 units. The building has been extremely well maintained and is in good condition. This building has continued to undergo extensive improvements. Since 2018, the property has undergone approximately $240,000 in renovations and updates, which include:
• Units 3, 5 & 7 | Renovations and updates
• Unit 4 | Added a new HVAC system
• Unit 6 | Renovations and update, plus added a new 3 ton HVAC
• Exterior Renovations | Brick in basement windows, handicap entrance ramp upgrades, paint metal stairs, improved security lighting, metal mesh for lower windows and added an electronic keypad
This multi-tenant commercial complex is just minutes from the Downtown Moncton core and all the amenities it encompasses. The building is seconds from Wheeler Boulevard providing easy access to all key city points. Botsford Street also connects directly to Mountain Road, one of Moncton’s busiest Streets. It also converts to Lewisville Road leading into the Elmwood Drive commercial node. With high traffic counts in this area, this location offers excellent exposure, visibility and exterior signage opportunities for its tenants. With free onsite parking, this property is the perfect combination of a great central and convenient location.
Full Confidential Investment Memorandum containing tenant and income details available upon signing of Confidentiality Agreement.
|Building Area:||13,548 SF|
|Land Area:||35,655 SF|