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1504 - 1506 Michael St
Ottawa, ON K1B 3S1
Industrial Property For Sale
Investment Highlights
- Currently 73% occupied, offering immediate income potential.
- Features Five 10x12 and one 12x14 drive-in doors for easy loading and unloading.
- Prime location near St. Laurent Blvd/HWY 417 with excellent road access.
- Spacious units with ample parking for employees and customers
Executive Summary
Excellent investment opportunity! This industrial service building is currently 73% occupied, offering strong cash flow potential. Strategically located near St. Laurent Blvd, providing easy access to major roads. The property features 6 drive-in doors (each 14' x 12'), spacious units ideal for a variety of industrial uses, and ample parking for both employees and customers.
Property Facts
| Sale Type | Investment | Rentable Building Area | 12,700 SF |
| Cap Rate | 3.92% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1969 |
| Property Subtype | Service | Parking Ratio | 3.54/1,000 SF |
| Building Class | C | Clear Ceiling Height | 15’5” |
| Lot Size | 0.92 AC | No. Drive In / Grade-Level Doors | 6 |
| Zoning | IL - IL | ||
| Sale Type | Investment |
| Cap Rate | 3.92% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.92 AC |
| Rentable Building Area | 12,700 SF |
| No. Stories | 1 |
| Year Built | 1969 |
| Parking Ratio | 3.54/1,000 SF |
| Clear Ceiling Height | 15’5” |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | IL - IL |
Amenities
- Bus Line
- Signage
Utilities
- Lighting
- Gas
- Water
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