Huntingdon Capital Corp. announces the sale of Winnipeg surface parking lot
Huntingdon Capital Corp. announced today that it has closed the sale of a surface parking lot in Winnipeg, Manitoba known as 245 Graham for $5.0 million.
The sale resulted in net cash to Huntingdon of approximately $2.6 million after expenses, closing adjustments and the repayment of approximately $2.2 million of first mortgage debt. The sale price reflects a cap rate of approximately 4.0% and is approximately $3.0 million greater than Huntingdon's cost basis.
About Huntingdon Capital Corporation
The Corporation owns, directly or indirectly, 75 income producing office, industrial and retail properties that have a total gross leasable area of 5.5 million square feet.
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