Industrial User/Investment Opportunity Offering Memorandum
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Industrial User/Investment Opportunity Offering Memorandum 185 ADVANCE BOULEVARD BRAMPTON, ONTARIO Partnership. Performance. Highway 407 Dixie Road Strathearn Avenue Advance Boulevard N Contents Executive Summary Introduction 3 Offering Guidelines 4-5 Location Location 6 The City of Brampton 7 The Property 185 Advance Boulevard Property Details 8 Land Use 9 Transportation 10 Amenities 11 Contact Us 11 Executive Summary Introduction Avison Young Commercial Real Estate (Ontario) Inc. (“Avison Young”) has been retained to advise on and manage the sale of 185 Advance Boulevard, Brampton, Ontario (the “Property”). This offering presents investors and users an opportunity to acquire 100% freehold interest in an industrial property with a total rentable area of approximately 35,928 square feet on 2.09 acres of land. 185 Advance Boulevard is a 100% leased multi-tenant property that has a strong tenant mix with varying lease terms and an attractive rental income. Being strategically located in Brampton, 185 Advance Boulevard, has an exceptional location advantage locally, in the Greater Toronto Area (GTA) and Internationally. The Property benefits from its excellent access to 400 series Highways and public transit. 185 ADVANCE BOULEVARD, Brampton Building Details Year Built 1987 Building Size 35,928 square feet Multi-Tenant 12 units Clear Height 16 feet Truck Level 6 doors Drive-In 5 doors Site Details Total Site Area 2.09 acres Coverage Ratio 40% Zoning Industrial M1 Financial Details Mortgage Status Free and Clear Asking Sale Price $7,185,000.00 ($200 psf) Realty Taxes (2019) $83,614.38 Net Operating Income * $219,259.80 For more information, please contact the Avison Young listing team: † * Leases are on a month to month basis. Ryan G. Cunningham Charmaine Brooks Tenant’s are long term and would like to remain, long term. Principal Sales Representative 905.283.2384 905.283.2385 [email protected] [email protected] † Sales Representative Avison Young I 185 Advance Boulevard, Brampton 3 Executive Summary Offering Guidelines Confidential Information and Disclaimer This is an Offering Memorandum (“OM”) intended solely for your own use in considering whether to pursue negotiations to purchase 185 Advance Boulevard, Brampton, Ontario, Canada (the “Property”). It contains selected information and has been prepared by the Avison Young, primarily from information obtained from the Vendor’s records with respect to the Property and from reports prepared by third parties. This OM does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. Neither the Vendor nor Avison Young, nor any of their officers, employees or agents make any representation or warranty, expressed or implied, as to the accuracy or completeness of this OM or any of its contents or as to any aspect of the Property and no legal liability is assumed or is to be implied with respect thereto. All numerical information in this OM is approximate only. Each prospective purchaser must rely on its own inspection and investigation in order to satisfy itself on any matter with respect to the Property. Nothing herein shall form part of any offer submitted. The Vendor and Avison Young expressly reserve the right at their sole discretion to cease offering the Property for sale, to reject any and all proposals, expressions of interest or offers to purchase and to terminate discussions with any party at any time with or without notice. This OM shall not be deemed a representation of the state of affairs of the Property or constitute an indication that there has been no change in the business or affairs of the Property since the date of preparation of this OM. Sale Conditions The Property and all fixtures included therein are to be purchased on an “as is, where is” basis and there is no warranty, express or implied, as to title, description, condition, cost, size, merchantability, fitness for purpose, quantity or quality thereof. Any information related to the Property which has been, or will be, obtained from the Vendor or Avison Young or any other person, by a prospective purchaser, has been prepared and provided solely for the convenience of the prospective purchaser and will not be warranted to be accurate or complete and will not form part of the terms of an agreement of purchase and sale. Further information can be obtained by contacting the listing agents. Fact Sheet Municipal Address: 185 Advance Boulevard, Brampton, ON Vendor: Forck Dieter, Leenan Heiner & Leenan Development Limited PCL B-8, SEC M239; PT BLK B, PL M239 , PART 1,2,3,4,5,6 & 7 , 43R10078 , S/T PTS 2,3,4,5 & 6, 43R10078 IN FAVOUR OF PTS 1 & 3, 43R9102 AS IN LT344055, LT347074; S/T PTS 2,3,4,5 & Legal Description: 6, 43R10078 IN FAVOUR OF PT 2, 43R9102 AS IN LT372039; S/T PTS 2,3,4,5 & 6, 43R10078 IN FAVOUR OF PTS 4 & 5, 43R9102 AS IN LT372040 ; S/T DP2708 ; S/T LT191770 BRAMPTON PIN: #140280106 Avison Young I 185 Advance Boulevard, Brampton 4 Executive Summary Price The Property is being offered for sale at an asking price of, $7,185,000.00 or $200 per square foot. Bids Offers/bids should indicate the names of the ultimate beneficial owners and their respective interests. Offers/ bids should also include terms and conditions of any due diligence period and the closing date and should be submitted through the listing agents. Advance Blvd Offer Review The vendor will review offers following 5:00 p.m. Eastern Time, on Monday May 27, 2019. All prospective purchasers whom wish to submit an offer should email it to any of the individuals noted below by the deadline noted. Deposits Deposits can be staged although the initial deposit should be no less than $250,000 and total deposits upon firming should be no less than $450,000. Data Room Detailed information has been assembled by Avison Young and is available to prospective purchasers. Access to the electronic data room will be provided upon receipt of an executed confidentiality agreement. For more information, please contact the Avison Young listing team: † † Ryan G. Cunningham , Principal Charmaine Brooks , Client Service Coodinator 905.283.2384 905.283.2385 [email protected] [email protected] † Sales Representative Avison Young I 185 Advance Boulevard, Brampton 5 Location Location The Property is located in the City of Brampton on Advance Boulevard, on the northwest side of Bramalea Road and Steeles Avenue, both major roadways. The Property benefits from its proximity to numerous amenities and entertainment venues. In addition, the Property, has exceptional highway access with Highway 407 (ETR 407) in its back yard and Highway 410 less than a 3km drive, providing access throughout the entire Greater Toronto Area (GTA). The Property is strategically located in an established neighbourhood, with many national and international companies located . The major attraction of this Bramalea West Industrial node is the close proximity to Toronto and the Property benefits from both easy highway access and public transportation with bus and railway services via Brampton, Zum which running along Advance Boulevard / Dixie Road. AIRPORT RD TORBRAM RD BRAMALEA RD 407 DIXIE ROAD STEELES AVE W BRAMPTON 410 427 185 ADVANCE BLVD BRAMPTON, ON TORONTO PEARSON QUEEN ST INTERNATIONAL AIRPORT DERRY ROAD TOMKEN ROAD 401 STEELES AVE W EGLINTON AVE W Avison Young I 185 Advance Boulevard, Brampton 6 Location The City of Brampton The City of Brampton is situated in Southern Ontario, it is a suburban city in New Businesses the Greater Toronto Area (GTA) and the created per year (on average) seat of Peel Region. With a population of 593,638, Brampton is Young, Multicultural Workforce the 9th largest city in Canada and the 3rd 234 different cultures, speaking 115 languages largest in the Greater Toronto Area (GTA). Brampton is the 2nd fastest growing city Ranked, TOP 10 in Canada among Canada’s 25 largest - Overall Mid-Sized City cities. - Best Business Friendliness & Connectivity Today, Brampton’s major economic sectors include advanced manufacturing, retail Post-Secondary Education administration, logistics, information, Workforce, Highway skilled talent and communication technologies, food and beverage, life sciences, and business 2nd Fastest Growing City in Canada services. Mass immigration has greatly Approximately 14,000 new residents per year increased Brampton’s population from 10,000 in the 1950s to over 600,000 today. New Jobs created per year (on average) Brampton - At a Glance Home to CN Largest Intermodal Railway terminal in Canada Total Population (2016) 593,638 36.5 years For Sale Median age of population (lowest in Canada) Largest supply of vacant land adjacent to Canada’s Number of Households 470,765 largest airport YYZ Avg Annual Household Income $86,444 7 Transcontinental Highways Accessing 158 million North American consumers Source: City of Brampton http://www.brampton.ca/EN/Business/economic-development/Why-Brampton/Pages/Welcome.aspx Canada 2016 Census Avison Young I 185 Advance Boulevard, Brampton 7 185 Advance Boulevard, Brampton Property Details Site Description Site Area: 2.09 acres Access: Two points of ingress/egress off Advance Boulevard, on the west and east sides of the building. Parking: Surface parking areas in the front and on the east side of the building. Shipping: Shipping area located on the west side of the building. Landscaping: The site has trees and shrubs along the front and east side of the property line. Property Details Building Size: 35,928 square