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675 GARYRAY DRIVE Toronto,

FOR SALE: USER/INVESTOR OPPORTUNITY

±26,800 SQ. FT. FLEXIBLE OFFICE/INDUSTRIAL FREESTANDING BUILDING IN DESIRABLE EMPLOYMENT NODE METROPOLITAN 675 GARYRAY DRIVE CENTRE YONGE UNIVERSITY 1 HWY 407 YONGE UNIVERSITY Toronto, Ontario 1

CBRE’s Land Services Group on behalf of Bell (the “Vendor”) is pleased to offer for sale 675 Garyray Drive (the “Site” or the “Property”), located within North York in the City HWY 400 of Toronto. The Property is currently improved with a ± 26,800 HWY 407: EXPRESS TOLL ROUTE sq. ft. freestanding structure situated on a 1.001 acre lot. The ground floor is primarily used for warehousing and storage uses, while the second floor is used as professional office space, featuring meeting rooms, executive offices and open concept working areas. The warehouse is currently fixtured with 1 drive- in level door and a total clear height of approximately 13 ft. The building is fully serviced by heating, cooling and sprinkler systems. The Site benefits from its highly accessible location, WESTON RD located in proximity to multiple 400 series highways, GO transit #60 and TTC Subway/Bus options. This sale is subject to a 1-year sale leaseback to Bell Canada at terms to be negotiated. These features provide an outstanding opportunity for both users and investors looking to secure a large scale freestanding structure STEELES AVE W in a highly sought after employment node of Toronto.

PROPERTY SPECIFIC SUBJECT PROPERTY INFORMATION CHART BUS #165 BARMAC DR Lot Size 1.001 acres (43,615 sq. ft.)

Building Size 26,817 sq. ft. ORMONT DR

Year Built 1976 with renovation in 1988 DEMOGRAPHICS within 5km radius GARYRAY DR Clear Height 13 ft.

HVAC 12 Packaged Rooftop Units POPULATION

Shipping 1 Drive-in-Door 2020 Estimated: 220,574 2025 Projected: 231,847 Parking Stalls 64 Population Change 2020-2025: 5.1% ZONING: EH 1.0 | EMPLOYMENT HEAVY INDUSTRIAL PERMITTED USES Power 600 Amps, 600 volts DAY TIME POPULATION (2020) Depot Chemical Materials Storage Propane Transfer, Handling Vehicle Repair Shop Animal Shelter Cogeneration Energy* and Storage Facility* Vehicle Service Shop* Sprinklers Full Total Daytime Population: 278,197 Cold Storage Warehouse Total Daytime Population at Work: 162,337 (58.4%) All Manufacturing Uses except: Contractors Establishment Public Utility Waste Transfer Station Zoning Employment Heavy Industrial (EH 1.0) Ammunition, Firearms or Fireworks Crematorium* Public Works Yard Factory; Crude Petroleum Oil or Coal Custom Workshop Recovery Facility LABOUR FORCE Refinery; Explosives Factor; and Dry Cleaning & Service Use Renewable Energy* North York Industrial 0.7% Tannery Laboratory Service Shop Vacancy (Q4 2020) In the Labour Force: 112,665 Marijuana production facility* Shipping Terminal Employed: 103,568 Bindery Open Storage* Transportation Use* Building Supply Yards Outside Operations* Vehicle Depot Unemployed: 4.9% Source: SiteWise, 2020 Carpenter’s Shop Police Station *permitted subject to conditions FLOOR PLANS & INTERIOR

Bell Smart Home Photography Bell Smart Home Main Building: Total Exterior Area Above Grade 26817 sq ft 2nd Floor Total Exterior Area 12273 sq ft Total Interior Area 11854 sq ft

1st Floor Boardroom Main Lobby/Reception

Bell Smart Home Bell Smart Home Total Exterior Area 1996 sq ft Total Exterior Area 1930 sq ft Lunchroom Executive Suite Total Interior Area 1819 sq ft Total Interior Area 1758 sq ft

Lunchroom Warehouse Warehouse Level | 10,617 sq. ft. Second Floor | 12,273 sq. ft. N 0 9 18

ft PREPARED: Feb, 2019 Colored regions are included in total floor area. All room dimeN nsions and floor areas must be considered approximate and are subject to independent verification. For method of measurement please see https://youriguide.com/measure/. Warehouse Level Exterior Area 10617 sq ft 0 11 22 ft PREPARED: Feb, 2019

Colored regions are included in total floor area. All room dimensions and floor areas must be considered approximate and are subject to independent verification. For method of measurement please see

https://youriguide.com/measure/. N

Reception & Executive Suite | 1,930 sq. ft. N Lunchroom | 1,996 sq. ft.

2nd Floor Office 2nd Floor Boardroom Property Name Text Inserted Here

0 5 10 ft PREPARED: Feb, 2019 0 5 10 ft PREPARED: Feb, 2019 Colored regions are included in total floor area. All room dimensions and floor areas must be considered approximate and are subject to independent verification. For method of measurement please see https://youriguide.com/measure/. Colored regions are included in total floor area. All room dimensions and floor areas must be considered approximate and are subject to independent verification. For method of measurement please see https://youriguide.com/measure/. OFFERING PROCESS CONFIDENTIALITY AGREEMENT: CBRE’s Land Services Group has been retained by the Vendor as the To access the Document Centre please sign the CA and return to: exclusive advisor to seek offers for the disposition of 675 Garyray Drive [email protected] (the “Property” or “Site”) in Toronto, ON. The Property is being offered for sale on an unpriced basis. For additional details including the offer submission date, please reach out to one of the advisors below. SITE TOURS:

Site tours will be made available to qualified proponents. The Vendor’s objective is to maximize upfront cash sale proceeds and preference will be given to offers with limited (or no) conditionality and a timely closing. All inquiries regarding the Property or for further information OFFER SUBMISSIONS: should be directed to the advisors below. All offers are requested to be submitted toEvan Stewart | [email protected]

REGIONAL AMENITIES

# Location Drive Time 11 1 Highway 400 4 min

6 5 2 Highway 407 6 min VAUGHAN METROPOLITAN CENTRE

H ighways 3 Highway 427 7 min HWY 407 13 12 4 Highway 401 7 min FINCH WEST 7 8 2 1 5 CN MacMillan Yard 12 min

SUBJECT PROPERTY Rail 6 CPR Vaughan Intermodal Terminal 20 min C ommercial 3 7 TTC Subway: Pioneer Village 6 min

8 Go Station: 12 min ransportation T 9 Go Station: North 14 min 4

10 Toronto Pearson 12 min 9

11 10 min

12 7 min 10 C ommercial 13 Vaughan Metropolitan Centre 9 min

CONTACT ADVISORS BELOW:

© 2020 CBRE Limited. Data © TeleAtlas, , AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its , correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Mike Czestochowski** Lauren White* Derek Peacock* Layout ID:L04 MapId:7663537 Executive Vice President Senior Vice President Associate Vice President T: +1 416 495 6257 T: +1 416 495 6223 T: +1 416 495 6237 [email protected] [email protected] [email protected]

Evan Stewart Emelie Rowe* CBRE Limited Sales Representative Planner 2005 East, Suite 800 T: +1 416 495 6205 T: +1 416 495 6306 Toronto, Ontario M2J 5B4 [email protected] [email protected] www.cbre.ca | www.cbre.ca/mclsg

*Sales Representative **Broker | All outlines are approximate This disclaimer shall apply to the vendor, to include all employees and independent contractors (“Vendor”); and to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation, to include all 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 the Vendor or CBRE, and the Vendor and CBRE do not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. The Vendor and CBRE do 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 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 at any time without notice or obligation to the recipient from the Vendor and 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: 10/2020. Lauren White* Mike Czestochowski** Derek Peacock* Evan Stewart Emelie Rowe* Senior Vice President Executive Vice President Associate Vice President Sales Representative Planner +1 416 495 6223 +1 416 495 6257 +1 416 495 6237 +1 416 495 6205 +1 416 495 6306 [email protected] [email protected] [email protected] [email protected] [email protected]

CONFIDENTIALITY AGREEMENT 675 GARYRAY DRIVE · TORONTO, ON

The undersigned hereby acknowledges that CBRE Limited (“CBRE”) has been retained by the vendor to arrange the sale of 675 Garyray Drive in Toronto, ON (the “Property”). All inquiries and communications with respect to the Property shall be directed to any of the listing agents of CBRE. We have requested from the vendor and CBRE, information, including confidential and proprietary information, which has not been generally disclosed to the public, for use in evaluating a potential purchase of the Property.

In exchange for good and valuable consideration provided by the vendor and CBRE, we agree to keep confidential any and all information supplied to us concerning the Property that is not a matter of public record and not to utilize any such information for our own benefit (or for the benefit of anyone else) other than for the evaluation of the Property with respect to a potential purchase.

We understand that we may transmit any such information to partners, officers, directors, employees or legal or financial advisors collectively, (“representatives”) but only to the extent that they need to know such information for the purpose of such evaluation. We undertake to inform such representatives of the confidential nature of such information and that they will be bound by the terms of this Agreement. We agree to be responsible for any breach of this Agreement by our representatives. We agree that any legal, financial or any other third party advisors that are retained by us, to act on our behalf, will be compensated by us. We understand that upon the vendor’s request we will provide all pertinent financials of the company looking to purchase the above-mentioned Property to the vendor in a timely manner and that these statements will only be used for the purpose of determining the financial feasibility for this transaction.

We agree to read and examine all material provided by the vendor on the above-mentioned Property and will do so prior to submitting an Agreement of Purchase and Sale or Letter of Intent.

We agree to return all documentation provided herewith, and any notes or copies made thereof if we decide not to pursue or complete this opportunity. We also agree not to use the information provided in any way detrimental to the vendor (or any parties assisting the vendor), either before or after cessation of our pursuit of property purchase. The provisions of this Agreement are binding on our successors or assigns.

We acknowledge that the other information being delivered to us with respect to the Property is subject to the limitations on liability and disclaimers for the protection of the vendor and CBRE.

We agree to indemnify and save harmless the vendor and CBRE from any claims, losses, damages and liabilities whatsoever (including legal fees on a substantial indemnity basis and disbursements) arising out of a breach by us or any of our representatives of any of the terms or other provisions of this Agreement. CBRE and the vendor also reserve the right not to release information.

We agree to continue to work through CBRE Limited for the above-mentioned property including offers within 12 months after the expiration of the Listing Period, so long as we wish to make any offer within said time-frame and that we were introduced to the Property during the Listing Period or shown the Property during the Listing Period, which we have acknowledged by signing below.

We agree that any signage CBRE has installed on the Property shall remain for a period of 6 months after the closing period.

We agree that any and all communication with regards to this Property shall be done so through CBRE. We and/or our representative will not at any time contact the vendor directly.

In the event we are the purchasers of this property, we agree to allow CBRE the right to market the purchase price after closing.

CBRE is exclusively representing the vendor and will not act on behalf of any potential purchasers. With the execution of this Confidentiality Agreement, the undersigned acknowledges that they are undertaking this investigation of the Property at their sole risk and expense and that under no circumstances will any amounts expended by the undersigned for its due diligence investigation or review be paid or reimbursed by the vendor or CBRE. A digitally submitted or a scan of a signed copy of this Agreement shall be deemed to be an original signed copy.

THE SECTION BELOW MUST BE COMPLETED AND SUBMITTED TO [email protected] IN ORDER TO RECEIVE THE DUE DILIGENCE PACKAGE

(I possess the authority to legally bind the Corporation)

† PROPONENT NAME: REPRESENTATIVE:

† COMPANY: COMPANY:

† PRIMARY EMAIL: PRIMARY EMAIL:

PRIMARY PHONE #: PRIMARY PHONE #:

The button above can be ADDITIONAL EMAIL: DATE: clicked to submit the CA electronically using the Adobe Reader application, ADDITIONAL PHONE #: SIGNATURE: once the required fields have been filled.

† OR DATE: Please indicate if you would like a follow up call or meeting: Please print, complete, sign and scan an email copy to † CALL: MEETING: PRIMARY SIGNATURE: [email protected].

†REQUIRED FIELDS. **Broker, *Sales Representative This disclaimer shall apply to CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, 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 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 at any time without notice or obligation to the recipient from CBRE.