The subject property is a 4 storey Office building with approx. 38,872 sq ft gross floor area. Zoning is CBD which includes professional offices, medical and dental offices, banks, restaurants, clinics etc. The building sits on a 0.9 acres plot of land, has 56 parking spaces. The building is serviced by a hydraulic elevator. The building is partially leased with a variety of professional office. The minimum demisable area is approximately 992 sq ft. A full floor has 9,706 sq ft of usable floor area, exclusive of common hall way and washroom which could add an additional 15%+/- for exclusive use. Basic Rent is set at $10.00 per sq ft per annum on a fully Net basis and subject to an annual increase equal to the Change in the CPI index for Canada. TMI estimate for 2023 is $10.99 per sq ft per annum subject to adjustment to actual annually. (id:27476)
