Office building leased to Health Authority; Nova Scotia; 950K; 8.3 cap rate

797 Prince Street

797 Prince Street, Truro, NS B2N1G7

• Price:
  $950,000 CAD
• Building Size:
  12,644 SF
• Price/SF:
  $75.13 CAD
• Property Type:
  Office
• Property Sub-type:
  Office Building
• Property Use Type:
  Investment
• Cap Rate:
  8.30%
• Occupancy:
  100%
• Tenancy:
  Single
• Lot Size:
  1.41 AC
• Find Out More...

Last Verified 1/17/2011 Listing ID 16783005

Description

797 Prince Street in downtown Truro, is a two-storey office property fully occupied by Colchester East Hant's Health Authority (Continuing Care) on a five-year lease expiring in 2015.

Being offered free and clear of debt and with a new five-year lease in place, purchasers are in an excellent position to leverage the low interest rate environment and maximize returns on the property.

The property includes parking and is well-situated in the business centre of Truro.