for sale - jll · toronto, on m5h 4e3 +1 416 304 6000 offering process jones lang lasalle real...
TRANSCRIPT
Jones Lang LaSalle Real Estate Services Inc. (“JLL” and / or the “Advisor”) is pleased to offer for sale a 100% freehold interest in 52 Six Point Road (the “Property”). The offering represents a significant opportunity for a value-add investor or prospective owner-user to acquire a single-tenant industrial warehouse offering over 5,100 SF of gross floor area, comprising of an attractive mix of flex-office and warehouse storage or manufacturing space. Currently owner occupied, the Property is being offered on a free and clear basis, with vacant possession available on closing.
FOR SALE52 Six Point Road Toronto, ON
Etobicoke Industrial Opportunity
Elliot Medoff* Vice President+1 416 238 [email protected]
Euan Darling*Senior Associate+1 416 238 [email protected]
Vasudevan Sadasivan* Associate +1 647 466 2883 [email protected]
Erik Martin*Analyst+1 416 238 [email protected]
*Sales Representative
INVESTMENT SUMMARY
82K
Total Population
(2017, 3 KM Ring)
THE PROPERTYCurrently occupied by the Vendor, a local commercial printing enterprise, the Property offers approximately 5,100 SF of industrial space, set across a 12,981 SF (0.30 Acre) site located on the north side of Six Point Road, just west of Islington Avenue. The Property is improved with a single-storey, single-tenant warehouse originally built in 1965. The Property is improved with approximately 1,000 SF of flex-office space, complete with private and open concept office areas, in addition to perimeter boardroom and kitchenette facilities.
The remainder of the Property comprises approximately 4,100 SF of warehouse space, offering a ceiling height of approximately 17 feet. Access and loading to the Property’s interior elements is provided by one drive-in door and one dock-level shipping door while rear and side laneway parking is available on-site. In its current configuration, the Property provides for an excellent owner-user facility, a small-medium sized investment offering or the ability for an attractive flex-office conversion.
INVESTMENT SUMMARY
$143K Avg. Household
Income (2017, 3 KM Ring)
5.8% Population
Growth (2012-2017, 3 KM Ring)
DRIVE-IN DOORS
ONE (1)
PROPERTYHIGHLIGHTS
CLEAR HEIGHT
17 ft
5,100 sf
GROSS BUILDING AREA
PARKING
10 surface stalls
LAND AREA
12,981 sf
(0.3 acres)
$1,800,000ASKING PRICE
TRUCK-LEVEL DOORS
ONE (1)
LOCATION & SURROUNDING MARKETThe immediate area surrounding the Property is dominated by low-rise commercial structures including industrial and retail wholesale warehouses, flex-office space, fitness centres and automotive maintenance facilities. Just over a kilometre to the west is Kipling Station, the eastern end of the TTC’s Line 2 (Bloor-Danforth) subway network, the main arterial traversing east-west across the City of Toronto. In addition, Kipling Station offers connectivity to the GO Transit network, providing high-speed rail services to Toronto’s Union Station, in addition to numerous markets across Southwestern Ontario. The Islington TTC subway station is located within a 20-minute walk from the Property at the Bloor Street West & Islington Avenue intersection. The Property’s central location in Etobicoke near the confluence of the Gardiner Expressway/QEW, Highway 427 and Highway 401 allows for consumers and/or tenants to easily access the Property from across the GTA. Pearson International Airport, Mississauga City Centre and the Downtown Core are all within a 20-minute drive from the Property.
Located in one of Toronto’s most dynamic submarkets, the Property is ideally situated to benefit from the recent influx of development activity centred around the Bloor Street West & Kipling Avenue intersection. Over a dozen residential and commercial projects are currently in various stages of the planning and development cycle, with new construction centering along the Dundas and Bloor Street West corridor, just over a kilometre north of the Property. This influx in new development activity and brownfield gentrification, spurred on by the superior connectivity of the local area, connectivity to the Downtown Core, and lack of available product within more central markets continues to draw thousands of new residents and generate new employment opportunities to the immediate area.
52 SIX POINT
ROAD
NORSEMAN STREET
ISLINGTON STATION
KIPLING STATION
N
ADVANCE ROAD
SIX POINT ROAD
CHAUNCEY AVENUE
BERING AVENUE
SHAW
BRID
GE A
VENU
E
ISLINGTON AVENUEKIPLING AVENUE BLOOR STREET WEST
JONES LANG LASALLE REAL ESTATE SERVICES INC.Bay Adelaide Centre22 Adelaide Street West, Suite 2600Toronto, ON M5H 4E3+1 416 304 6000 www.jll.ca
OFFERING PROCESSJones Lang LaSalle Real Estate Services Inc. (the “Advisor”) has been exclusively retained by Spectratone Graphics Inc. (the “Vendor”) to seek proposals to acquire the Property. The Property is offered for sale at $1,800,000 on an as-is, where-is basis, free and clear of debt. Interested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving detailed information about the Property. All inquiries regarding the Property should be directed to:
Elliot Medoff* Vice President +1 416 238 9768 [email protected]
Erik Martin* Analyst +1 416 278 9772 [email protected]
Euan Darling* Senior Associate +1 416 238 9961 [email protected]
*Salesperson
KIPLING STATION UNION STATION
22 MIN. TO
MISSISSAUGA
20 MIN. TO
DOWNTOWN TORONTO
30 MIN. TO NORTH
YORK16
MIN. TO PEARSON INTL.
AIRPORT BLOOR-YONGE STATION
52 SIX POINT ROAD
Vasudevan Sadasivan* Associate +1 647 466 2883 [email protected]