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373 King Street West 373 KING STREET WEST TROPHY URBAN RETAIL & OFFICE INVESTMENT OPPORTUNITY CBRE Limited, Real Estate Brokerage | 145 King Street West | Suite 1100 | Toronto, ON M5H 1J8 PROPERTY DETAILS RETAIL UNITS OFFICE UNITS Starbucks: 1,477 sq.ft. Unit 203: 3,439 sq.ft. Fit Factory: 6,895 sq.ft. IgnitionOne: 2,732 sq.ft. Dental Clinic: 1,503 sq.ft. Total: 6,171 sq.ft. Total Retail: 9,875 sq.ft. NOI (approximate): $388,310 Total Size: 16,046 sq.ft. *60 FEET OF FRONTAGE* *RETAIL 100% LEASED* *TORONTO’S MOST COVETED RETAIL & OFFICE NODE* *VALUE ENHANCEMENT OPPORTUNITIES* CBRE Limited (“CBRE”), on behalf of Lifetime Developments (the “Vendor”) is pleased to offer for sale 16,046 sq.ft. of space at the base of the M5V condos (the “Property”) located at 373 King Street West. The Property occupies a premier position in Toronto’s urban core located in one of Canada’s most in demand retail and office nodes and most enviable demographic growth markets. The retail component of the asset (consisting of the ground and second floor) is 100% leased and there is imminent upside on rental income when these leases expire. 373 offers a coveted combi- nation of premium asset quality in core urban locations with value enhancement opportunities. 373 KING STREET WEST OFFICE STARBUCKS FIT FACTORY DENTISTRY 373 KING STREET WEST N N N GROW IO T T H A THE LOCATION L U 2011-2016 373 King Street West occupies a highly P O coveted area in Toronto’s downtown core. P Downtown Toronto, particularly King West, 30.8% is among the most active leasing markets LD IN O CO EH in Canada, experiencing unprecedented S M rental rate growth and demand from office U E GARDINER EXPRESSWAY and retail tenants as the area is home to 373 KING O STREET W H a young, affluent and highly educated BATHURST STREET . demographic. G V $98,551 A Known for the city’s largest concentration SPADINA AVENUE of restaurants, theaters and nightlife, COME IN G King Street West has seen increasing D R E O diversification of retail uses, leveraging T W A one of the largest residential development FINANCIAL CORE 2016-2021 T M H cycles in Canadian history with 93 active I JOHN STREET condominium developments within a 3km T S radius. KING STREET WEST E 19.5% *within a 1km Radius The Property will benefit from the of 373 King St W exponential leasing demand driven by the substantial surrounding residential intensification and its close proximity to the city’s financial core. FUTURE HIGH RISE SITE N 642 KING STREET WEST SPADINA AVENUE SPADINA PETER STREET BRANT STREET WIDMER STREET CHARLOTTE STREET CHARLOTTE JOHN STREET BATHURST STREET BATHURST KING STREET WEST KING STREET WEST STEWART STREET 373 KING STREET WEST SUBJECT PROPERTY PORTLAND STREET 373 KING STREET WEST For more information and to receive a CA for data room access, please contact the listing agents: Arlin Markowitz* Senior Vice President Urban Retail Team 416 815 2374 [email protected] Lauren Doughty* Vice President Land Services 416 495 6223 [email protected] Jackson Turner Sales Representative Urban Retail Team 416 815 2394 [email protected] *Sales Representative Offers reviewed on or after Thursday March 23rd, 2017 This disclaimer shall apply to CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. .
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