Don Mills Rd., Toronto, ON
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1390 Don Mills Rd., Toronto, ON INVESTMENT SUMMARY The Offering Property Specifications JLL’s Capital Markets Group (“JLL” and/or the “Advisor”) is pleased to offer for sale a Address 1390 Don Mills Road, Toronto, ON recently developed freestanding commercial condominium totaling 6,019 SF. The Property Type Freestanding Condominium Retail Property is the showcase corner unit of The Diamond at Don Mills retail plaza, comprising of 47,824 SF of retail and commercial tenants. The plaza currently offers a diverse mix Vendor Buildmonte Holdings Inc. of tenants, which draw people for a variety of needs including a pharmacy, food court, Year Built 2013 brokerage, fast food restaurants, eye doctor, and a cleaner. Building Size 6,019 SF The Property is located in a prime Toronto neighbourhood with significant frontage on Parking 201 stalls shared with rest of centre Don Mills Road between York Mills Road and Lawrence Avenue East. The Property is in Traffic Count Approx. 17,000+ cars daily close proximity to several major retail centres including CF Shops at Don Mills, York Mills Gardens and CF Fairview Mall. Property Taxes $80,540.07 (2017) Monthly CAM $3,206.88 1390 Don Mills Road is easily accessible by public transportation and car. TTC bus routes The property is subject to a number of restrictions service the Property regularly, operating from Don Mills Station (10 minute ride) and Restrictive Uses on use (see dataroom) Pape Station (30 minute ride), and are immediately accessible via a bus station directly adjacent to the building. The Property is within a three minute drive of the Don Valley Mortgage Free and clear Parkway, providing direct access to Highway 401 and the Gardiner Expressway. Asking Price $3,780,000 Victoria Park Avenue 3 Investment Highlights Don Mills Station Sheppard Avenue East 404 Strategic Location The Property is located on a busy road Leslie Station with high traffic counts (approx. 17,000/ 401 day) and substantial exposure from having significant frontage on Don Mills Road. The Property is easily accessible by public transit and car, with highways Road Mills Don and subway stations within a close proximity to the Property. Leslie Street Oriole Station Newly Constructed The Property was recently constructed with quality finishes and a stunning exterior façade. The Property offers a diverse mix of 1390 Don Mills Rd. retail and service-oriented tenants York Mills Road drawing consumers to the plaza for a variety of needs. Some of the uses include a pharmacy, hair salon, food court, real estate brokerage and fast food restaurants such as Subway and Domino’s. DVP Bus Stop in front Opportunity for Upside of site The Property is currently vacant allowing an investor to take advantage of high lease rates in today’s market, or a user seeking to gain a foothold in the local Lawrence Avenue East market. JLL has been exclusively retained by the Vendor to seek For more Elliot Medoff* proposals to acquire the Property. The Property is offered information Vice President for sale at an asking price of $3,780,000 on an as-is, where-is please contact: Capital Markets Group basis, free and clear of existing financing. Dataroom access +1 416 238 9768 Offering will be made available upon the return of an executed copy [email protected] of the Vendor’s confidentiality agreement. The Vendor’s Erik Martin* objective is to maximize sale proceeds while preference Euan Darling* Analyst Process will be given to Offers with limited conditionality and Senior Associate Capital Markets Group Capital Markets Group timely closing. Offers should be submitted to the attention +1 416 238 9772 of Elliot Medoff, Euan Darling or Erik Martin at 22 Adelaide +1 416 238 9961 [email protected] Street West, Suite 2600, Toronto, ON, M5H 4E3. [email protected] *Salesperson.