1400 1st Avenue
Acquired in March 2023, 1400 1st Avenue represents MMI’s first acquisition in Saskatchewan. Given the historically tight industrial market, the vacant building presents a unique value-add opportunity as it was acquired below market price. The 113,000sf building is scheduled to be demised into three spaces, which along with other nominal CAPEX projects (roof, façade, asphalt) should drive rents and create significant value for investors. This asset completes MMI Opportunity Fund II and will be sold to a related entity or third party on or before the closing of the Fund.
location:
Regina, Saskatchewan
square footage:
113,000
asset type:
Industrial
DATE purchased:
March 2023
