New Brunswick Retail Portfolio
32 unit portfolio with development potential in high-traffic retail centres
The Offering
Overview
- Leasable area 61,649 sf
- Unit count 32
- Occupancy 100%
- Asking price $12,900,000.00
- NOI $908,012.76
- Cap rate 7.03%
Avison Young, on behalf of the Vendor, is pleased to offer for sale a retail portfolio consisting of strip and plaza properties, located in Moncton and Saint John, New Brunswick.
The New Brunswick Retail Portfolio comprises two well-maintained, retail-focused assets totalling approximately 61,649 sf of leasable area. The properties are located in high-traffic retail centres in their respective cities in New Brunswick, with a diverse mix of secure tenants in place, ranging from retail businesses to professional services.
Included in the portfolio is :
- McBuns Plaza [116-122 Shediac Road], a five unit, fully-occupied strip plaza in Moncton;
- McBuns Development Site, an additional 10,550 sf of land, expanding the plaza to add a potential six units across three buildings;
- Westmorland Place [531-535 Westmorland Road], a fully-occupied, three structure retail plaza with twenty seven units.
