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Land Investment Opportunity 1867 Alta Vista Drive, Ottawa ON Land Investment Opportunity Michael Pyman Jordan Lovett Vice President Senior Sales Representative +1 613 683 2202 +1 613 683 2239 [email protected] [email protected] Accelerating success. Property Overview • Centrally positioned in the well- established neighbourhood, appealing to a broad base of Hurdman Station users • A large footprint and favorable zoning, permitting a wide variety of uses Smyth Station • Situated on the corner of Alta Vista Drive and Smyth Road and is minutes away from Alta Vista Shopping Centre and the Ottawa Train Yards • Within walking distance to public transportation and is nearby LRT Tremblay Station and the Ottawa VIA Rail Train Station • Property is free from contaminants with a recent, clean phase 1 report on file that is available upon request Alta Vista Drive with a signed Confidentiality Bus Transit Line Smyth Road Agreement (CA) Alta Vista/Smyth Bus Stop (1 minute walk) Highway 417 (3 minute drive) LRT (6 mintue drive to Hurdman Station) Property Salient Facts Highlights Civic Address 1867 Alta Vista Drive Legal Address PT LT 15, CON JG , AS IN N561626 ; OTTAWA/GLOUCESTER Site Area 2.99 Acres Frontage 472 Feet Current Zoning IP12 (F1.5) - Business Park Industrial Zone Total Buildable Area 195,000 SF Smyth Road Alta Vista Drive 8 Nearby 11 Tremblay Station Amenities VIA Rail Train Station 6 5 Hurdman Station 7 4 3 9 1867 Alta Vista Drive 1 Billings Bridge Shopping Centre 2 10 2 The Ottawa Hospital 3 CHEO 4 Alta Vista Shopping Centre 5 Ottawa Train Yards 6 Walmart 7 Farmboy 1 8 St. Laurent Shopping Centre 9 Canadian Blood Services 10 The Conference Board of Canada Major highway 11 The University of Ottawa LRT Route LRT/VIA Rail Station Location Overview Ottawa Train Yards Tremblay Station The Ottawa Train Yards is Ottawa’s premier shopping Tremblay is an O-Train station on the Confederation district with office development. It houses over 750,000 Line in Ottawa, Ontario which serves the Ottawa train square feet of retail space covering over 110 acres station, connecting to Via Rail Corridor inter-city rail of property. The Ottawa Train Yards is home to over services and a daily Ontario Northland bus service to 150 of North America’s leading retailers, services and Sudbury and Sault Ste. Marie. restaurants. The Ottawa Hospital CHEO The Ottawa Hospital’s Riverside Campus is one of three CHEO is a pediatric health-care and research centre main campuses of The Ottawa Hospital - along with the located in Ottawa, Ontario Canada. CHEO includes Civic and General campuses. The Riverside Hospital of a hospital, children’s treatment centre, school and Ottawa first opened in 1967 on Riverside Drive close to research institute, with satellite services located where the current General campus and the Children’s throughout Eastern Ontario. CHEO provides complex Hospital of Eastern Ontario is located on Symth Road. pediatric care, research and education. Demographic Overview When looking at its location, 1867 Alta Vista Drive is ideally situated surrounded by a local population of approximately 232,088 people within a five kilometer Average radius, in an area that has the ability to continue to Total Population Household Income Ottawa Train Yards expand. The local area boasts a median age of 40 years 232,088 $68,208 (within five kilometer) with an above average household income of $68,208 annually. Premium residential communities to the south and west provide an excellent talent pool with 93,916 of them having a postsecondary certificate, diploma or degree. A solid indicator of the potential for demand for development of this land opportunity. Median Age Average 40 Household Size 3 Education Employment Rate (Post-Secondary) 60% 93,916 Zoning IP12 - Business Park Industrial Zone IP12(F1.5) The purpose of the IP – Business Park Industrial Zone is to accommodate mixed office, office-type uses and low impact, light industrial uses in a business park setting. IP12 Subzone – Hospital Lands In the IP12 Subzone only the following uses are permitted: day care emergency service medical facility office production studio research and development centre technology industry training centre Floor Space Index (FSI): 1.5; equates to a max buildable as of rights of 1.5 x the site area , which equates to a max buildable area of approximately 195,000 square feet. will not, directly or indirectly, disclose or communicate or permit anyone else to disclose or communicate this flyer or any of its contents or any part thereof to any person, firm or entity without the prior written consent of the Vendor and Colliers. Prospective Purchasers Offering will not use or permit this flyer to be used in any manner detrimental to the interests of the Vendor or Colliers or their affiliates or for any purpose other than a proposed purchase of the Property. The recipient of this flyer agrees to provide Colliers with a list of those Process persons to whom this flyer or any information contained herein is provided. The terms and conditions in this section with respect to confidentiality and the disclaimer contained The Vendor and Colliers expressly disclaim any and all liability for any under the heading “Memorandum Contents” apply to all sections of the flyer as if stated errors or omissions in this flyer or any other written or oral communication independently therein. transmitted or made available to prospective Purchasers. Prospective Purchasers should conduct their own independent investigation and Property Inspection verification of the information provided herein, and should seek legal, accounting, tax and engineering advice as necessary. If any information In no event shall any prospective Purchaser or any of its agents or contractors contact any relating to the Property, in addition to the information provided in this governmental authorities concerning the Property, or make any physical inspection or flyer, is provided at any time, orally or otherwise, by the Vendor or testing of the Property, without the prior written consent of the Vendor. Colliers or anyone acting on their behalf, such information is provided as a convenience only without representation or warranty as to its accuracy or completeness and such information should not be relied upon by Data Room Materials prospective Purchasers without their own independent investigation and verification. A data room has been set up for this transaction. Prospective Purchasers are strongly encouraged to access the data room in order to make their offers as unconditional as possible. Information contained in the data room will include items such as this flyer, Process Property Condition Assessment report, Phase I Environmental report and Argus financial Based on information contained in this flyer, information contained in the file. Colliers has made data room material available online at Colliers Sharefile; access is Data Room, and other information that may be made available by Colliers restricted to those who have executed a Confidentiality Agreement (CA) and have been upon request, interested parties are invited to submit an offer given the issued a user login and password. timelines below. Offering Guidelines It is the intent of the Vendor to enter into the Vendor’s form of Purchase and Sale Agreement (PSA) for the Property with the appropriate bidding entity or entities. None of the initial offers, regardless of their form and An offer should outline the terms for the purchase of the Property and should include, at a content will create any binding legal obligations upon the Vendor or minimum, the following information and items: Colliers. • Purchase price; Neither the Vendor nor Colliers make any representation or warranty, or any agreement whatsoever, that the Vendor will accept any of the offers or • Name of the ultimate beneficial owners of the Purchaser, including their respective any agreements of purchase and sale, before or after negotiations, which percentage interests; may be extensive. Neither the Vendor nor Colliers shall compensate any participant for any costs incurred in its participation in the process. • Evidence of the Purchaser’s financial ability to complete the transaction; Offer Submission Date • Confirmation that the Properties will be purchased on an “as is, where is” basis; Offer submission date to be communicated by the Advisor prior to the bid • Terms and conditions of closing, including a schedule of timing and events to complete date. the transaction; Confidentiality • An address, email address and fax number for the delivery of notices to the Purchaser; By accepting this Flyer, prospective Purchasers agree to hold and treat this The Vendor reserves the right to remove the Property from the market and to alter the flyer and its contents in the strictest confidence. Prospective Purchasers offering process described above and timing thereof, at its sole discretion. Offers should be directed to: Colliers Macaulay Nicolls Inc 340 Albert Street, Suite 340 Ottawa, Ontario K1R 7Y6 Attention: Michael Pyman/Jordan Lovett Review of Offers Offers to purchase will be evaluated based upon, but not limited to, the structure proposed by the prospective Purchaser, the net proceeds to the Vendor, the prospective Purchaser’s ability to complete the transaction, the time lines and proposed closing conditions. The Vendor is not obliged to accept any offer and reserves the right to reject any or all offers received. Sale Condition The Property and any fixtures, chattels and equipment included with the Property are to
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