PRICE REDUCED: $5,375,000.00

FOR SALE 10012 101 AVENUE , AB

10162 100 STREET EDMONTON, AB

Adam Martinson Partner 780 701 3285 [email protected]

Cushman & Wakefield Edmonton Murry Osborne Suite 2700, TD Tower Senior Associate 10088 102 Avenue 780 917 8330 Edmonton, AB T5J 2Z1 [email protected] cwedm.com

Cushman & Wakefield Edmonton is independently owned and operated / A Member of the Cushman & Wakefield Alliance. No warranty or representation express or implied is mad to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property for properties in question. November 12, 2020 PROPERTY OVERVIEW Cushman & Wakefield Edmonton is pleased to present this opportunity to acquire a high-profile site in the heart of Edmonton’s downtown Financial District. The opportunity consists of two separately titled buildings, Sherlock Holmes Pub fronting Rice Howard Way and the Braithwaite Boyle Annex tenanted by Sorrentino’s Italian restaurant with additional second floor office space fronting 100th Street. This robust area boasts multiple office towers including Scotia Place, Phipps-McKinnon, , Manulife, TD Tower in addition to many restaurants, pubs, coffee shops and many others. The second-floor office space was previously utilized as a law office and lends itself to a wide variety of office uses that could be leased or potentially occupied by an owner/user. . PROPERTY DETAILS INVESTMENT municipal address INFORMATION 10162 100th Street NW tenants 10012 101st A Avenue NW The Sherlock Holmes Hospitality Group Edmonton, Sorrentino’s (707855 Alberta Ltd.) legal description Lease Details Plan: F Lot 33, 34, 35 Sherlock Holmes Expiry: February 28, 2028 neighborhood Basic Rent: $192,170 Downtown Sorrentino’s building size Expiry: May 1, 2027 16,178 square feet Basic Rent: $182,000 Braithwaite Boyle Annex Office (Vacant) Net leaseable area: Main floor 6,500 SF Expiry: TBD Second Floor 6,299 SF Basic Rent: $62,990 ($10 Per SF Net) Sherlock Holmes Pub Projected Net Operating Income: Net leasable area: Main: 2,476 SF $437,160 Second 1,443 sf reduced price $5,575,000 $5,375,000 built 1982 & 1985 Capitalization Rate: 8.13% property tax assessment $4,426,000 (2020) lot area 15,500 square feet This rare opportunity allows for potential redevelopment 1. Fairmont 5. Enbridge Centre of the site toAERIAL a “Highest and Best Use” as a high rise 2. The Westin Edmonton 6. TD Tower mixed-use property 3. ATB Place 7. 4. Scotia Place 8.

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2 AREA AMENITIES

Future LRT Line

Current LRT Line

Ice District

MacEwan University

Edmonton City Hall & Churchill Square

Future Development

Close to public transport

Edmonton Business District Adam Martinson Partner 780 701 3285 [email protected]

Murry Osborne Senior Associate 780 917 8330 [email protected]

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