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FOR SALE MICHAEL PYMAN National Investment Services Associate Vice President +1 613 683 2202 COMMERCIAL [email protected] DEVELOPMENT

LANDS Accelerating success. KANATA 21 km

DOWNTOWN 11.7 km

RIVERSIDE SOUTH 6.8 km

OTTAWA INTERNATIONAL AIRPORT 4.7 km

HUNT CLUB ROAD

WALES DRIVE

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CONTENTS

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HUNT CLUB ROAD

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PROPERTY OVERVIEW 4 AREA OVERVIEW 6 MARKET OVERVIEW 8 ZONING 10 OFFERING PROCESS 12

3 PROPERTY OVERVIEW PCL 6-1, SEC GL-1RF ; PT LT 6, CON 1RF , PART 1, 8, 9, & 10 , 4R9173 ; S/T GL41443, OT78209, CT118680, NS58041, NS238820, N289000, N387572, N421946, N444877, LEGAL N510191, N536432, LT958094; OTTAWA/GLOUCESTER DESCRIPTION PART OF LOT 6, CONCESSION 2, RIDEAU FRONT (GLOUCESTER) BEING PARTS 3, 4, 5, 6 AND 7 ON PLAN 4R-9173 SAVE AND EXCEPT PARTS 2, 3 AND 4 ON PLAN 4R- 21932 CITY OF OTTAWA

SITE AREA 15.1 acres

LOCATION Located on Road at Hunt Club Road

ZONING IL - Light Industrial Zone

ASKING PRICE: $16,500,000.00

RIVERSIDE DRIVE Rarely offered large tract of Light Industrial Zoned commercial lands located with excellent frontage along , feet from the intersection of Hunt Club Road. With thousands of vehicles daily and multiple national tenants, commercial campuses and company headquarters, this is an ideal location for any end user. The property is adjacent to the Ottawa International Airport which for 2018 is projected to have a passenger count of over 5,000,000. The site has a developable area of 15.1 acres and is zoned IL – Light Industrial, which allows for numerous commercial uses. AREA OVERVIEW

38,161 VEHICLES DAILY

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OTTAWA MACDONALD-CARTIER INTERNATIONAL AIRPORT

Ottawa's international airport is Canada's sixth busiest airport and Ontario's second busiest airport. In 2021 Ottawa’s LRT

Trillium Line South will extend from Greenboro to Limebank Road with a spur line that will connect to the Macdonald-

Cartier International Airport.

B ROAD HUNT CLU HUNT CLUB MARKETPLACE

Hunt Club Marketplace is located on one of the busiest intersections in Ottawa and adjacent to the Ottawa International Airport. The marketplace is anchored by T&T and features national retailers such as TD Canada

R Trust, Second Cup, Moxie's Grill & Bar, Dollarama, Anytime IVERSI Fitness, Subway and Harvey's Restaurant. DE DRI VE

RIVERSIDE SOUTH AND The intersection of Riverside Drive and Hunt Club Road sees an above average count of 38,161 vehicles daily, according to the City of Ottawa. This intersection is also the gateway to one of the fastest growing neighbourhoods, Riverside South. Adjacent to Riverside South is the steady community of Barrhaven, which has expanded so significantly that it is now linked to Riverside South with the Vimy Memorial Bridge.

7 OTTAWA MARKET OVERVIEW

The National Capital Region, comprised of both Ottawa and ($200 MM). Other major public and private sector projects Gatineau, is one of the largest population centres in include the rehabilitation of the Government of Canada Canada. Its strong government employment base has Conference Centre located in downtown Ottawa ($190 MM) created a historically stable business environment for the and the renewal of the Bank of Canada head office ($460 commercial, industrial, retail and hospitality sectors, MM). Stage 2 LRT will kick off an additional $3.0 B of allowing for a strong and diversified economic base. construction activity between 2018 and 2023. In addition, $3 billion has been approved so far for the restoration of all More than 1.3 MM people live in the Ottawa-Gatineau CMA, of Parliament, which will include a 10 year shut down of with more than 1.0 MM people located on the Ontario side Centre Block. of the region (Ottawa). The CMA grew by 5.3% between 2012 and 2017, 30 basis points more than the Province of Moreover, major investments in the retail segment are Ontario as a whole. The CMA ranks the fourth largest in ongoing. The recent expansion and redevelopment work at Canada, behind Toronto, Montreal and Vancouver. Located Bayshore Shopping Centre, St. Laurent Shopping Centre, along the border of Ontario and Quebec, Ottawa also Rideau Centre and Promenade Gatineau totaled more than shares important economic ties to both Toronto and $600 MM in aggregate investment. In addition, the $1B Montreal. Chaudière Falls redevelopment of the former Domtar lands now known as “Zibi”, as well as the complete As a G7 Capital, and home of the Federal Government, the redevelopment of the Lebreton Flats Lands (currently under public sector accounts for nearly one quarter of the negotiation with RendezVous LeBreton Group whose Ottawa-Gatineau economy. The balance of the economy is master-planned community includes a new NHL Hockey made up of a diverse pool of local and national/ Arena) will further boast Ottawa’s development sector and multinational private sector businesses and national solidify it as a world class City. The above activity in the associations, as well as over 120 foreign embassies, construction sector is expected to drive total output growth consulates and high commissions. The region also benefits of 2.1% in 2018 and 2.0% in 2019. from industry clustering, especially in the field of high technology, with more than 800 high-tech firms located in Ottawa’s high-tech sector continues to show impressive Ottawa. In addition, Ottawa is a centre for advanced growth. Several multinational technology companies have research and development, especially in the fields of space begun making major investments in their Ottawa science, telecommunications, AI and autonomous vehicles operations, including Huawei (China), SafeNet (USA), as well as environmental technology. This robust economy Blackberry-QNX (Canada), Apple (who have recently is supported by the most educated workforce in the expanded into this market for the first time) and local country. success story Shopify, reinforcing Ottawa’s position as a significant international player in the Information Ottawa’s economy is currently being fueled by construction Communication Technology (ICT) arena. The high-tech and infrastructure projects, and growth in the high-tech sector has seen employment growth of 10% per year since services. The robust construction activity is anticipated to 2010. Ottawa continues to attract a highly educated continue throughout 2018 and is valued at over $5.0 B. workforce and is commonly regarded as “Silicon Valley Major infrastructure projects include a Light Rapid Transit North”. The labour pool is complemented by over 120,000 system ($2.1 B), the widening of the Queensway, Ottawa’s post-secondary students enrolled across Ottawa’s five arterial 400-series highway ($200 MM), and the renovation universities and colleges. and expansion of the University of Ottawa Heart Institute

8 DEMOGRAPHICS

TOTAL AVERAGE AGE EDUCATION OWNER

POPULATION 40 (Post-Secondary) 111,118 470,266 188,864

TOTAL PRIVATE AVERAGE AVERAGE HOUSEHOLD RENTER HOUSEHOLDS HOUSEHOLD SIZE INCOME 195,846 2 $98,944 75,335

With a current population of approximately 470,266 within 10km of the property, the area boasts a robust economic base with above average incomes ($98,944 per household). Residents provide an excellent talent pool with 188,864 of them having a postsecondary certificate, diploma or degree. The young atmosphere of the area is reflected in the average household size (2) and a median age of 40. A solid indicator of the potential for demand for development is the amount of residents in the area who own (111,118) versus those in the area who rent (75,335).

9 LIGHT INDUSTRIAL IL ZONE ZONING PURPOSE OF ZONE The purpose of the IL – Light Industrial Zone is to:

(1) permit a wide range of low impact light industrial uses, as well as office and office type uses in a campus-like industrial park setting, in accordance with the Employment Area designation of the Official Plan or, the General Urban Area designation where applicable; (2) allow in certain Employment Areas or General Urban Areas, a variety of complementary uses such as recreational, health and fitness uses and service commercial (e.g. convenience store, personal service business, restaurant, automobile service station and gas bar), occupying small sites on individual pads or in groupings as part of a small plaza, to serve the employees of the Employment or General Urban Area, the general public in the immediate vicinity, and passing traffic; (3) prohibit retail uses in areas designated as Employment Area but allow limited sample and showroom space that is second- ary and subordinate to the primary use of buildings for the manufacturing or warehousing of the product; (4) prohibit uses which are likely to generate noise, fumes, odours, or are hazardous or obnoxious; and (5) provide development standards that would ensure compatibility between uses and would minimize the negative impact of the uses on adjacent non-industrial areas. PERMITTED USES

animal care establishment drive-through facility park service and repair shop (By-law 2015-190) emergency service parking garage small batch brewery, see animal hospital heavy equipment and parking lot Part 3, Section 89 automobile dealership vehicle sales, rental and place of assembly technology industry automobile rental estab- servicing post office training centre lishment light industrial uses printing plant truck transport terminal broadcasting studio medical facility production studio warehouse catering establishment municipal service centre research and development day care office centre

The following uses are also permitted subject to: (a) the provisions of subsections 203(3) to (6); (b) the cumulative total gross floor area for these uses not exceeding 2,999 m2; (OMB Order #PL080959, issued September 18, 2009) (c) each use not exceeding 300 square metres of gross floor area; and (d) the provisions of subsection 203(2)(c) above not applying to amusement centre, amusement park and recreational and athletic facility;

animal care establishment bank machine instructional facility facility amusement centre bar (By-law 2018-171) payday loan establishment restaurant amusement park car wash (By-law 2017-302) automobile service station convenience store personal service business bank gas bar recreational and athletic

(e) a bar (i) must be ancillary to a permitted brewery, winery or distillery; and, (ii) may not have a gross floor area exceeding the lesser of: (1) 300m2, or (2) 25% of the floor area of the brewery, winery or distillery to which it is ancillary. (By-law 2018-171)

10 EP

O1C

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GM1[1719] S251 H(137 A.S.L.)

R1E O1

EP3

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T1A[306r] GM15 H (8)

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R1E T1A EP3

EP3[362] H (10.7) S219

IL[1508] GM20 H (11) EP3

11 OFFERING PROCESS

SUBMISSION GUIDELINES

Submissions for the Property will be evaluated primarily on the consideration offered, the method of payment of the consider- ation, the proponents’ ability to complete the transaction, and the proposed date and conditions of closing. A submission should outline the terms for the purchase of the Property and should include, at a minimum, the following information and items:

• Cash purchase price; • Name of the ultimate beneficial owners of the purchaser; • Evidence of the purchaser’s financial ability to complete the transaction, including the method of financing the purchase; • Terms and conditions of closing, including a schedule of timing and events to complete the transaction. Note that preference will be given to those with the fewest required changes; • Proponents should note that the Vendor is under no obligation to respond to or accept any submission; • The Vendor reserves the right to remove the Property from the market and to alter the submission process described above and timing thereof, at its sole discretion.

SALE CONDITIONS

The submission should be in the Purchaser’s form of Letter of Intent, and subsequently will be negotiated on the Vendor’s form of Agreement of Purchase and Sale made available for review. Any information related to the Property which has been or will be obtained from the Vendor or the Advisor or any other person, by a proponent, has been prepared and provided solely for the convenience of the proponent 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.

SUBMISSION PROCESS & TIMING Submission of offer

The Vendor has adopted a negotiated sale process. Based on information contained in this marketing brochure and other information that may be made available upon request. Proponents are invited to provide a submission that addresses the requirements outlined under “Submission Guidelines”.

Submissions should be directed electronically to: c/o Colliers Macaulay Nicolls Inc 340 Albert Street, Suite 340 Ottawa, Ontario K1R7Y6 Attn: Michael Pyman ([email protected])

COLLIERS INTERNATIONAL | 340 Albert Street, Suite 930 | Ottawa, ON K1R 7Y6, Canada | T: +1 613 567 8050 | F: +1 613 567 8035

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2019. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc.

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