Address not available, Bathurst - Office for Sale

Description

Keystone Place is a five-storey, multi-tenant office complex located at 270 Douglas Avenue in Downtown Bathurst. The property offers approximately 32,653 SF of rentable area on a 2.11-acre waterfront parcel and is 100% leased based on the current rent roll. Its diversified tenant mix includes national and established regional organizations across professional, financial, healthcare and institutional sectors, providing established in-place income. The building features flexible office layouts, abundant natural light, elevator service, wheelchair accessibility, shared boardroom and kitchen facilities, and a large paved parking area with designated tenant parking. The site also includes excess waterfront land offering future development potential, subject to applicable approvals and purchaser due diligence. Ownership has continued to reinvest in the property through significant capital improvements, including approximately 15,000 SF of renovated office and common areas, a new water main and valves, replacement of approximately 30 through-wall A/C units, south-side brick restoration and elevator upgrades. Additional building improvements include an updated electrical transformer, PVC water lines and ongoing upgrades to major building systems. With full leasing, a diversified tenant base, ongoing capital investment, ample parking and development potential, Keystone Place represents a compelling opportunity for investors seeking an established office asset with long-term value. Located along the Bathurst waterfront, the property offers convenient access to City Hall, Service New Brunswick, Canada Post, financial institutions, restaurants and business services. Douglas Avenue connects directly with Main Street and the Queen Street and St. Peters Avenue bridges. Detailed leasing and financial information is available to qualified purchasers upon execution of a confidentiality agreement. (id:66096)

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