MULOCK DR
NEWPARK BLVD
BAYVIEW AVE
STONEHAVE N AVE Newpark Boulevard
UPPER CANADA MALL
RAY TWINNEY RECREATION COMPLEX YORK REGION ADMINISTRATIVE CENTRE YORK TOWN SQUARE ONTARIO SUPERIOR COURT OF JUSTICE DAVIS DR NEWMARKET GO YONGE ST SOUTHLAKE REGIONAL HEALTH CENTRE
ROGERS PUBLIC SCHOOL NEWMARKET YOUTH & RECREATION CENTRE HISTORIC MAIN STREET NEWMARKET
PICKERING COLLEGE
NEWMARKET TOWN HALL
PROBABLE MULOCK GO
MULOCK DR
BAYVIEW AVE NEWPARK BLVD COUNTRY GARDEN MONTESSORI ACADEMY
NEWMARKET SOCCER CLUB INC.
SHOPPERS DRUG MART
TIM HORTONS
VEN STONEHA AVE STONEHAVEN BY NATIONAL HOMES
YORK REGION POLICE ASSOCIATION
Government & Community Space
Parks & Trails
Academic Institutions
Retail & Commercial Amenities
Hospital
Transit
Developments
2 ALL OUTLINES ARE APPROXIMATE 3 5
BAYVIEW AVE ALL OUTLINES ARE APPROXIMATE
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NEWPARK BLVD NEWPARK
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4 EG-5 · General Employment Site Exception 5 Business Park Mixed Employment; emerging Residential ±5.43 ac.
3 EG-5 · General Employment Site Exception 5 Business Park Mixed Employment ±17.93 ac.
2 EG-5 · General Employment Site Exception 5 Business Park Business Park Mixed Employment ±4.45 ac.
1 44.34 ac. $2,806,295 036230321 036231902 036231903 036231545 EG-5 · General Employment Site Exception 5 Business Park Mixed Employment ±16.53 ac.
SIZE PIN ZONING OFFICIAL PLAN 4 NOI TOTAL SIZE TOTAL Property Information Property ALL OUTLINES ARE APPROXIMATE such as the nearby Magna Centre recreation complex range of commercial, institutional and recreational amenitiesrange of commercial, institutional and recreational Proximity to Highway 404, Newmarket arterials and a wide Proximity LOCATION VIVA transit routes VIVA Station location and currently serviced by a number of YRT/ Station location and currently serviced by a number Located within walking distance of probable Mulock GO within walking distance Located TRANSIT tenants Meaningful in place holding income with a strong roster ofMeaningful in place holding income with a strong HOLDING INCOME ±576,493 square feet ±44.34 acres improved with 7 industrial buildings totaling±44.34 acres improved with 7 industrial buildings SCALE while generating substantial holding income in the interim.while generating substantial intensify and reposition this well located and large-scaleintensify and reposition asset / VIVA routes, the Sites present purchasers with the potential to routes, the Sites present purchasers with / VIVA Station, and currently serviced by a number of York Region Transit Transit Region York a number of by serviced Station, and currently walking distance of the probable location of the Mulock GOwalking distance of the with a GFA of approximately 576,500 square feet. Located within 576,500 square feet. Located of approximately with a GFA The Properties are currently improved with 7 industrial buildings industrial 7 with improved currently are Properties The opportunity that is rarely seen in today’sopportunity that is rarely market. Properties represent a unique, large-scale York Region investment represent a unique, large-scaleProperties York or the “Properties”). Totaling approximately 45 acres, these approximately Totaling or the “Properties”). 630 Newpark Boulevard in the Town of Newmarket (the “Sites”(the Newmarket of Town the in Boulevard Newpark 630 opportunity located at 520, 521, 550, 561, 564, 581, 594 and550, 561, 564, 581, 594 located at 520, 521, opportunity offer for sale a 100% freehold interest in a unique real estate in a unique real a 100% freehold interest offer for sale The Land Services Group (“CBRE” or “Advisor”) is pleased to is pleased or “Advisor”) Group (“CBRE” Services The Land The Offering The Investment Highlights Planning Overview Transit & Highway NEWMARKET GO Provincial, Regional & Municipal Planning Context Accessibility The Growth Plan for the Greater Golden Horseshoe was initially put in place scenario was released in November 2015 and set out proposed employment in 2006 and was updated in 2017 with new policies established to help build and population targets for all York Region lower tier municipalities. In this study, upon the successes of the initial Growth Plan while responding to key challenges Newmarket was allocated to grow from 82,600 residents and 42,800 jobs in that face the region. As part of these plans, the Ontario Provincial Government 2011, to 108,200 residents and 52,400 jobs in 2041. As the Town of Newmarket MULOCK DR sets regional growth targets for population and employment which must be is primarily built out, it is anticipated that a substantial portion of this growth will 54 subsequently allocated to individual municipalities by their respective upper tier be accommodated through the intensification of underutilized sites. The Sites’ NB: East Gwillimbury GO SB: Aurora GO government. low-density character and location in proximity to existing and planned transit infrastructure make it a prime candidate for intensification, which will ultimately PROBABLE MULOCK GO York Region has been undergoing a review of their 2041 Preferred Growth help the Town of Newmarket meet their growth targets as set out by the region Scenario as part of their Regional Official Plan Review. The most recent growth and the province. 57 Zoning By-Law 2010-40 EB: 404 Town Centre WB: Newmarket GO The Properties are currently zoned as General Employment Site Exception 5 (EG-5) through the City of Newmarket Zoning By-law 2010-40.
Newmarket Official Plan Land Use Schedule NEWPARK BLVD BAYVIEW AVE Stable Residential Commercial
Emerging Residential Flood Plain
Business Park - Mixed Parks & Open Space Employment STONEHAVEN AVE
3 2
1
6 7 Transit 5 The Properties have exceptional access to public transit and to Provincial Highway In addition to the existing transit options, it was recently announced that
4 404. Located less than 6 minutes away from the Mulock Drive Highway 404 south Newmarket will also be home to a new GO Station just west of Mulock Drive ramp, the Sites are well located to allow for connections to other York Region and Bayview Avenue. This project has received municipal, regional and Metrolinx 4 municipalities, the City of Toronto, and the rest of the GTA. The Properties are Board of Director approval. Metrolinx recently issued their notice to expropriate serviced by a number of York Regional Transit/VIVA routes, namely routes 54 and the lands at 402 Mulock Drive for the new station, which is only a short walk away 57. Both of these routes run on Bayview Avenue and stop at Newpark Boulevard from Newpark Boulevard. This future station will be fundamental in providing during periods of rush hour traffic. These buses provide direct connections to the convenient accessibility options and will have a positive impact on transit existing Newmarket GO Station to the north and to the Aurora GO Station to the connectivity for residents and workers throughout the Town of Newmarket. south providing existing area residents and workers a number of transit options to reach locations around the Town of Newmarket and the GTA. ALL OUTLINES ARE APPROXIMATE Building Summary Demographics Market Address Total Building Size Building Height % Office Highlights Newpark Blvd, Newmarket, Aurora, Markham, Vaughan, Newmarket 1 521 Newpark Boulevard 60,839 sq. ft. 22 ft. 42% ON ON ON ON Less than 50 units of 1 km radius Newmarket new home inventory 2 561 Newpark Boulevard 45,936 sq. ft. 18 ft. 9% Total Population Source: Altus RealNet, August 2017 3 581 Newpark Boulevard 133,207 sq. ft. 24 ft. 12% 2017 Estimated 6,916 89,595 60,096 344,557 330,306 Average resale price of $1.28 4 550 & 520 Newpark Boulevard 73,307 sq. ft. 20 ft. 10% 2022 Projected 7,315 95,481 64,403 371,777 357,492 MM for homes in Stonehaven- Population Change % · 2017-2022 5.8% 6.6% 7.2% 7.9% 8.2% Wyndham Village 5 564 Newpark Boulevard 101,545 sq. ft. 27 ft. 14% Income 2017 Source: TREB Q2, 2017 6 594 Newpark Boulevard 93,377 sq. ft. 24 ft. 10% Average Income $143,617 $116,687 $145,437 $122,046 $131,714 17.2% year over year increase in 7 630 Newpark Boulevard 68,282 sq. ft. 25 ft. 9% 2017 Occupied Dwellings % % % % % average re-sale price for homes in Stonehaven-Wyndahm Village Total 576,493 sq. ft. Owned Dwellings 89.8% 82.1% 85.9% 88.8% 91.4% Source: TREB Q2, 2017 * See CIM for detailed financial information Rented Dwellings 10.2% 17.9% 14.1% 11.2% 8.6% 7 Offering Process
Confidentiality Document Centre Offer Submissions Agreement • Rent Roll All offers are to be submitted to: • Surveys Potential purchasers that require access • ESA Phase 2 to the online document centre are Jason Child • Building Plans to complete the CA and return it to: [email protected] • Property Condition Assesments [email protected] • CIM
Offer Submission Date: Thursday, November 9, 2017 by 12:00 pm EST
MULOCK DR
NEWPARK BLVD
BAYVIEW AVE
STONEHAVEN AVE
ALL OUTLINES ARE APPROXIMATE
Jason Child* Mike Czestochowski** Lauren Doughty* Ian Hunt* Nate Pace Vice President Executive Vice President Vice President Vice President Sales Representative 416 495 6249 416 495 6257 416 495 6223 416 495 6268 416 495 6246 [email protected] [email protected] [email protected] [email protected] [email protected]
*Sales Representative **Broker. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all CBRE Limited employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, 2005 Sheppard Ave E, 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 Suite 800 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 Toronto, Ontario, M2J 5B4 at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.Mapping Sources: www.cbre.ca/mclsg Google Earth 09/17