Portage La Prairie, MB
North Atlas Commercial Real Estate is pleased to offer for sale The Federal Block, a multi-tenant office and institutional investment anchored by Canada Post. The main floor is leased in full to Canada Post under a long-term lease, providing investors with the security of a federal Crown corporation covenant. The upper floor and basement are home to a diverse mix of legal, health, wellness, and fitness tenants, including Portage la Prairie’s only 24-hour gym.
The main floor is leased in full to Canada Post, operating as a distribution centre and retail post office. Canada Post is committed to the building on a long-term basis, with renewal options extending the tenancy well into the next decade. The loading dock and dock lift serving this level have both been recently upgraded.
The second floor houses a mix of professional and personal-service tenants, including legal offices, health and counselling services, and personal wellness businesses. Several suites have been recently renovated, and the floor includes shared reception areas and common amenity space serving its tenants.
The ±8,000 SF basement is anchored by Uptown Fitness, Portage la Prairie’s only 24-hour gym, with the remainder of the level used for tenant storage. The level has recently seen a full air conditioning replacement and an LED lighting retrofit, part of a broader round of building-wide capital improvements.
A full Confidential Information Memorandum (CIM), tenant details, financials and other details will be made available upon execution of a Non-Disclosure Agreement (NDA).
Call North Atlas Commercial Real Estate at 204-942-2400 for access to the CIM and additional information.