Saint John Commercial Real Estate

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520 SOMERSET

520 Somerset Street, Saint John, NB

4,380 square feet (approx.) of turn-key office space. Professional tenant improvement completed only 2+ years ago! 

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Current layout features:
Main Level: reception, 4 private offices, large boardroom, storage and open flex/space
Second Level: 3 private offices, open area, washrooms and kitchen.

Heated and cooled by means of electric heat pump.
Paved surface parking for customers and employees.
Currently occupied. Available April 1st, 2020

RENT: $24.00/sq ft (semi-gross). Tenant responsible for electricity and garbage removal. Landlord pays property taxes and provides snowplowing. Rent calculation: 4,380 sq ft x $24/sq ft = $105,120 per year or $8,760 per month +HST + electricity.

NOTE: Up to 4 industrial bays (2,000 sq ft each) at the back of the building could be leased as well (prices separately)

LOCATION: Ideally located north of the city centre at the gateway to Millidgeville. Only minutes from the downtown core, this locations offers the convenience of being centrally located with quick access to all areas of the city.   High traffic and high visibility with signage opportunity. Immediate area consists of medical & other offices, a restaurant, liquor store, grocery store and gas bar/convenience. Close to hospital, university and the Saint John YMCA. On bus route.


FLOORPLANS (rough sketch)


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