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4318 Portage Rd
19,500 SF 100% Leased Office Building Niagara Falls, ON L2E 6A4 $2,339,306 USD ($120 USD/SF)
Executive Summary
OFFICE BUILDING APPROX 19,500 SQ FEET. IMMIGRATION CANADA OCCUPIES THE FRONT SECTION OF 11,000 SQ FEET SINCE 2011. J D BARNES OCCUPIES THE 6,000 SQ FEET AT THE BACK OF THE BUILDING. THERE IS AN ADDITIONAL 2500 SQ FEET ON THE SECOND WHICH IS USEABLE/RENTABLE SPACE. MORE INFO IN DOCUMENTS IMMIGRATION CANADA: tenant since 2011 on a 10 year lease -signed a new 10 lease in 2021 (May 1st 2021-April 30th 2026) : with two 2 year options and and a 1 year option -they are responsible for 63.47% of expenses J D BARNES: -signed a 10 year lease in 2019( April 1st-March 30 2029) :with 2 options to renew for 5 years each rent to be negotiated
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
19,500 SF
Building Class
C
Year Built
1964
Price
$2,339,306 USD
Price Per SF
$120 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,750 SF
Building FAR
0.15
Land Acres
3.05 AC
Zoning
C
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Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (75)
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4318 Portage Rd
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