Price: $10,700,000
Lot Size: 1.37 acres
Property Type: Office
Zoning: B6
Date of Sale: 11/28/16
City: Saskatoon
Province: Saskatchewan
Name of Brokerage: ICR Commercial Real Estate
Name of Vendor: City of Saskatoon
Name of Buyer: Duchuck Holdings
Local developer, Duchuck Holdings Ltd., has purchased the former site of the Saskatoon municipal police department for $10.7 million. The property has remained vacant and unsold since the Saskatoon Police Service moved to a new location in summer 2014.
The 60,900-square-foot building will undergo a complete interior and exterior renovation. ICR agent Barry Stuart says the buyer will then offer shell or move-in-ready office space to qualified tenants. Stuart, along with agents Phill Elenko and Shawn Tomyn brokered the sale.
The sale was offered as two separate properties: the subject building and its adjacent parking lot. The building, equipped with underground and rooftop parking, was listed on the market for $11.5. The ground-level lot was listed for $5 million.
The properties are located in Saskatoon’s downtown core, at 130 and 140 4th Ave. N.
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