90 Leonard Drive, Sussex, NB

For Sale
New
Opportunity to own a fully leased office building with a five-year government lease in place
$750,000.00

Description


  • Fully leased to the Province of New Brunswick for the next five years
  • 4,177 sq. ft. stand-alone building on a corner lot
  • Light Industrial (LI) zoning allowing flexibility for a variety of future uses

This is your opportunity to own a high-quality, stand-alone asset, fully leased to the Province of New Brunswick!
for the next five years! Sitting on approximately 1.0-acre, this single-storey 4,177 sq. ft. office building is strategically positioned on the corner of Leonard Drive and Vail Court. The Zoning is Light Industrial (LI) which permits the current office use, as well as a host of others uses. The building has a pleasant appeal and provides ample on-site parking for staff and customers.

The building has 200 feet of frontage on Leonard Drive, and 273 feet on Vail Court providing excellent exposure and visibility.  Originally constructed in 1975, the property is a pre-engineered steel frame with reinforced concrete structural slab, concrete block, exterior being face brick and metal accents. The property  has a metal roof along with commercial grade double paned glass windows, doors in aluminum frames. Heating and cooling are provided via heat pumps and perimeter electric baseboards. A wet sprinkler system is also in place.

Details


Listing ID:
25261
Address: 90 Leonard Drive
Sussex, NB
Property Type:
Office
Industrial
Building Size:
4,177 sf
Year Built:
1975
Lot Size Acres:
1.00 acres
Zoning:
Light Industrial (LI)
Parking Description:
Ample, on site parking lot
Entire Building:
Yes
Sale Price:
$750,000.00
Net Operating Income:
$64,472.00
Sale Details:
Immediate closing subject to sub-division of property from larger parcel
Existing Tenancies:
The Province of New Brunswick has a lease in place until 2030

45.728261166289, -65.48835645

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