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73 Elm St

15,229 SF 70% Leased Office Building Sudbury, ON P3C 1R6 $1,750,000 CAD ($115 CAD/SF)

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Investment Highlights

Access to public transit
Recently renovated

Heritage building

Executive Summary

Fantastic real estate investment opportunity in the heart of downtown Sudbury. This solid classic heritage building has been extensively renovated from top to bottom in such a way as to retain its old world character and charm. It has been meticulously repurposed to create a distinctive urban office environment unlike anything we have seen here in Northern Ontario. From the originally high ceilings to the refinished hardwood floors to the exposed brick walls, this creatively designed open concept office space has always been in high demand and easy to rent. As part of the major renovations which took place between 2011 and 2013, a new elevator was installed as well as a new interior stairwell and roof top deck. Approximately 15,231 sq ft of net rentable space .

Property Facts

Sale Type

Investment

Property Type

Office

Building Size

15,229 SF

Building Class

Year Built

1971

Price

$1,750,000 CAD

Price Per SF

$115 CAD

Percent Leased

70%

Tenancy

Multiple

Building Height

3 Stories

Typical Floor Size

5,076 SF

Building FAR

1.94

Lot Size

0.18 AC

Zoning

C6 - commercial

Space Availability

3rd Fl-Ste 300
4,519 SF
Office
Full Build-Out
Now

Fantastic leasing opportunity in a fully renovated office building formerly known as the “Muirheads Building “. This space consists of the entire third floor and features direct elevator access for staff and client convenience. It has been professionally renovated in such a way as to retain its original “old world “ charm and character. This space is a very open concept and features lots of existing leasehold improvements including private offices. , board room, lunch room, etc. in total, there is 4,519 sq ft of leaseable space being offered at $12.00 per sq ft net. Parking is readily available, see the listing agent for details.