1359 Fletcher Rd 42,548 SF 100% Leased Office Building Saskatoon, SK S7M 5H5 $5,396,072 USD ($126.82 USD/SF)

1359 Fletcher Road presents an opportunity to acquire a multi-tenant office investment positioned on a prominent corner location overlooking Holiday Park Golf Course in Saskatoon. The property has undergone significant capital improvements and is anchored by a growing daycare operation occupying approximately 28,000 square feet across two floors. In addition to the daycare tenancy, the building includes office suites that provide a suburban office alternative within an established commercial and industrial area.
The asset benefits from a complete office retrofit completed in 2012, along with substantial upgrades that included the addition of a structural second floor, ten new rooftop HVAC units, extensive HVAC, plumbing, and electrical improvements, and approximately $400,000 in parking lot enhancements. Additional improvements include perimeter sprinkler infrastructure installed in 2021 and high-quality interior finishes with washrooms and showers. The site provides 161 paved and electrified parking stalls, supporting both tenants and visitors.
The property is approximately 89% occupied and features a weighted average remaining lease term of 6.67 years across the leased premises. Its location offers convenient access to Circle Drive and connectivity to the South West Industrial area, supporting tenant accessibility and operational convenience. Combined with a large site, established tenancy, and extensive capital investment history, the property offers investors a stabilized asset with in-place income and future leasing potential.