Help for owners of plazas, strip centres, street-front retail and mixed-use buildings who are thinking about selling.
Selling a Retail Property in Ottawa
For retail owners
Preparing your retail property for sale
Retail buyers buy leases as much as buildings. The strength of your tenants, the terms of their leases and how costs are recovered will shape what buyers will pay, sometimes more than the building itself.
We start with your goals and timing, then help you evaluate the property the way buyers and lenders will, using best practices. When expectations differ, or several owners need to agree, we often recommend an independent appraisal so everyone works from the same facts.
See our full retail real estate services.
21 years
dedicated commercial real estate experience
Pre-market
serious buyers first, then the open market
Pro forma
investment analysis prepared with you
Royal LePage
Commercial division network
Before you list
What we prepare together
Rent roll and leases
A clean rent roll and lease summaries, with renewals and options clearly shown.
Operating statements
Income, expenses and recoveries for the last two or three years.
Vacancies
Whether to lease a vacant unit before selling, or price the opportunity in.
Estoppels
Tenant confirmations that buyers and lenders will ask for.
Building reports
Roof, paving, HVAC and any environmental reports.
Value review
Income-based evaluation using best practices, with an appraisal where it helps.
How we market
Pre-market first, then the open market
We start in the pre-market, presenting your property to serious buyers before it is public. If the right buyer is not found, we bring it to MLS®, LoopNet and Spacelist to create more competition.
Every property gets professional photography, a detailed feature sheet and an investment pro forma prepared with you. We match the property with the buyers we are working with and broker the deal through to closing.
Included with every listing
- Investment pro forma prepared with you
- Professional photography and drone aerials
- MLS®, REALTOR.ca, LoopNet and Spacelist
- Royal LePage Commercial network
- Our 6,000+ subscriber newsletter
Explore
More Ottawa retail real estate
Retail space for lease
Storefronts, plaza units and street retail across Ottawa.
Restaurant space
Restaurant, café and food service locations.
Retail plazas for sale
Plazas, strip centres and retail investment properties.
Leasing your retail space
How we help landlords lease vacant units.
Selling Retail Property FAQs
How do you value a retail property?
By its income, supported by comparable sales and land value. We will not promise a price, but we help you evaluate value using best practices, often recommending an independent appraisal.
Should I lease my vacant units before selling?
Often a leased unit adds more value than it costs, but not always. We compare both approaches for your property.
What is the pre-market?
The period before a property is publicly listed, when it is presented to serious buyers first. If it does not sell, it moves to the open market to create more competition.
Mitch Gauzas, REALTOR®
