Elliot Medoff* Vice President +1 416 238 9768 FOR SALE [email protected] Euan Darling* Senior Associate +1 416 238 9961 Etobicoke Industrial Opportunity [email protected]
52 Six Point Road Vasudevan Sadasivan* Toronto, ON Associate +1 647 466 2883 Jones Lang LaSalle Real Estate Services Inc. (“JLL” and / or the “Advisor”) is pleased to [email protected] offer for sale a 100% freehold interest in 52 Six Point Road (the “Property”). The offering represents a significant opportunity for a value-add investor or prospective owner-user Erik Martin* to acquire a single-tenant industrial warehouse offering over 5,100 SF of gross floor area, Analyst comprising of an attractive mix of flex-office and warehouse storage or manufacturing +1 416 238 9772 space. Currently owner occupied, the Property is being offered on a free and clear basis, [email protected] with vacant possession available on closing. *Sales Representative
INVESTMENT SUMMARY INVESTMENT SUMMARY
PROPERTY THE PROPERTY
HIGHLIGHTS Currently occupied by the Vendor, a local commercial printing enterprise, the Property offers approximately 5,100 SF of industrial space, set across a 12,981 SF (0.30 Acre) site located on the north side of Six Point Road, just west of Islington Avenue. The Property is improved with a single-storey, single-tenant warehouse originally built in 1965. ASKING PRICE The Property is improved with approximately 1,000 SF of flex-office space, complete $1,800,000 with private and open concept office areas, in addition to perimeter boardroom and kitchenette facilities.
The remainder of the Property comprises approximately 4,100 SF of warehouse space, offering a ceiling height of approximately 17 feet. Access and loading to the Property’s GROSS BUILDING AREA interior elements is provided by one drive-in door and one dock-level shipping door 5,100 sf while rear and side laneway parking is available on-site. In its current configuration, the Property provides for an excellent owner-user facility, a small-medium sized investment offering or the ability for an attractive flex-office conversion.
5.8% 82K $143K Population Total Avg. Household Growth LAND AREA Income Population (2012-2017, (2017, 3 KM Ring) (2017, 3 KM Ring) 12,981 sf 3 KM Ring) (0.3 acres)
CLEAR HEIGHT 17 ft
TRUCK-LEVEL DOORS ONE (1)
DRIVE-IN DOORS ONE (1)
PARKING 10 surface stalls LOCATION & SURROUNDING MARKET
The immediate area surrounding the Property is dominated by low-rise commercial structures including industrial and retail wholesale warehouses, flex-office space, fitness centres and automotive maintenance facilities. Just over a kilometre to the west is Kipling Station, the eastern end of the TTC’s Line 2 (Bloor-Danforth) subway network, the main arterial traversing east-west across the City of Toronto. In addition, Kipling Station offers connectivity to the GO Transit network, providing high-speed rail services to Toronto’s Union Station, in addition to numerous markets across Southwestern Ontario. The Islington TTC subway station is located within a 20-minute walk from the Property at the Bloor Street West & Islington Avenue intersection. The Property’s central location in Etobicoke near the confluence of the Gardiner Expressway/QEW, Highway 427 and Highway 401 allows for consumers and/or tenants to easily access the Property from across the GTA. Pearson International Airport, Mississauga City Centre and the Downtown Core are all within a 20-minute drive from the Property.
Located in one of Toronto’s most dynamic submarkets, the Property is ideally situated to benefit from the recent influx of development activity centred around the Bloor Street West & Kipling Avenue intersection. Over a dozen residential and commercial projects are currently in various stages of the planning and development cycle, with new construction centering along the Dundas and Bloor Street West corridor, just over a kilometre north of the Property. This influx in new development activity and brownfield gentrification, spurred on by the superior connectivity of the local area, connectivity to the Downtown Core, and lack of available product within more central markets continues to draw thousands of new residents and generate new employment opportunities to the immediate area.
ISLINGTON STATION BLOOR STREET WEST ISLINGTON AVENUE
KIPLING AVENUE BERING AVENUE
CHAUNCEY AVENUE 52 KIPLING STATION SIX POINT ROAD SIX POINT ROAD
ADVANCE ROAD
SHAWBRIDGE AVENUE
N NORSEMAN STREET 30 MIN. TO NORTH YORK 16 MIN. TO PEARSON INTL. AIRPORT BLOOR-YONGE STATION
20 MIN. TO DOWNTOWN TORONTO
52 SIX POINT ROAD
KIPLING STATION UNION STATION
22 MIN. TO MISSISSAUGA
OFFERING PROCESS
Jones Lang LaSalle Real Estate Services Inc. (the “Advisor”) has been exclusively retained by Spectratone Graphics Inc. (the “Vendor”) to seek proposals to acquire the Property. The Property is offered for sale at $1,800,000 on an as-is, where-is basis, free and clear of debt. Interested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving detailed information about the Property. All inquiries regarding the Property should be directed to: Elliot Medoff* Euan Darling* Vasudevan Sadasivan* Erik Martin* Vice President Senior Associate Associate Analyst +1 416 238 9768 +1 416 238 9961 +1 647 466 2883 +1 416 278 9772 [email protected] [email protected] [email protected] [email protected]
*Salesperson
JONES LANG LASALLE REAL ESTATE SERVICES INC. Bay Adelaide Centre 22 Adelaide Street West, Suite 2600 Toronto, ON M5H 4E3 +1 416 304 6000 www.jll.ca