1981 Queen Street East - JLL
For Sale 1981 Queen Street East
For more information, please visit www.jll.com
David C. Horowitz* Urban Investment Sales & Leasing Jones Lang Lasalle +1 416 525 2005 [email protected] *Sales Representative
Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected]
Location
Belle
The property is located on the south side of Queen Street East between Waverley Road and Bellefair Avenue in the Heart of The Beaches.
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The Beaches area is known as one of the most vibrant neighbourhoods in the City of Toronto, due to its proximity to lifestyle amenities including shopping, transit and restaurants.
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Major projects within a few blocks of the property include; Heartwood the Beach (1884 Queen Street East) & Lakehouse Beach Residences (1960 Queen Street East).
1981 Queen St East
FIORIO Income and Tenancy The three storey building is fully leased to Fiorio until March 31st 2017, and has a net operating income of $81,600 per annum. Maurice FIORIO opened his first location in 1996 at Yonge and St. Clair, and today has eight locations throughout Toronto. The Beaches location is home to both a Salon and Spa.
Property Details Lot Area: 3,125 square feet Frontage: 25 feet Depth: 125 feet Total Building Area: 3256 square feet Ground Floor: 1398 square feet Second Floor: 1398 square feet Third Floor: 460 square feet Zoning: MCR T2.0 (c1.0; r.2.0) Official Plan: Mixed Use Area Net Operating Income: $81,600
Key Highlights: Asking Price: $2,000,000 Offering Guidelines: Jones Lang LaSalle Real Estate Services, Inc. (the “Advisor”) has been retained by 54 Waverley Road Ltd (the “Vendor”), on an exclusive basis, to sell 1981 Queen Street East, Toronto, Ontario (the ‘Property”).
For more information, please visit www.jll.com
David C. Horowitz* Urban Investment Sales & Leasing Jones Lang Lasalle +1 416 525 2005 [email protected] *Sales Representative
Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected]
The property represents a rare opportunity for an investor to acquire a 100% leased high quality retail building occupied by a single tenant with a triple net lease directly across the street from Starbucks, LCBO, Shoppers Drug Mart and Tim Horton’s between Waverley Road and Bellefair Avenue in the Heart of The Beaches. The Property is offered for sale at a price of $2,000,000 and will be sold on an as-is, where is basis, free and clear of debt. The Vendor’s objective is to maximize sale proceeds while preference will be given to Offers with limited confidentiality and timely closing. Offers will be considered by the vendor on an as received basis and should be submitted to the attention David Horowitz, 199 Bay Street, Suite 4610 Toronto ON M5L 1G3
Prime location in the Heart of The Beaches. Directly across the street from Starbucks, LCBO, Shoppers Drug mart, and Tim Hortons. Fully leased to a single tenant with a triple net long term lease, providing stable income. Surrounded by new residential development.
For more information, please visit www.jll.com
David C. Horowitz* Urban Investment Sales & Leasing Jones Lang Lasalle +1 416 525 2005 [email protected] *Sales Representative
Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected]
Location
Belle
The property is located on the south side of Queen Street East between Waverley Road and Bellefair Avenue in the Heart of The Beaches.
e venu fair A
erl Wav ey R oad
The Beaches area is known as one of the most vibrant neighbourhoods in the City of Toronto, due to its proximity to lifestyle amenities including shopping, transit and restaurants.
en S
Que
st
Ea treet
erl Wav oad
ey R
Major projects within a few blocks of the property include; Heartwood the Beach (1884 Queen Street East) & Lakehouse Beach Residences (1960 Queen Street East).
1981 Queen St East
FIORIO Income and Tenancy The three storey building is fully leased to Fiorio until March 31st 2017, and has a net operating income of $81,600 per annum. Maurice FIORIO opened his first location in 1996 at Yonge and St. Clair, and today has eight locations throughout Toronto. The Beaches location is home to both a Salon and Spa.
Property Details Lot Area: 3,125 square feet Frontage: 25 feet Depth: 125 feet Total Building Area: 3256 square feet Ground Floor: 1398 square feet Second Floor: 1398 square feet Third Floor: 460 square feet Zoning: MCR T2.0 (c1.0; r.2.0) Official Plan: Mixed Use Area Net Operating Income: $81,600
Key Highlights: Asking Price: $2,000,000 Offering Guidelines: Jones Lang LaSalle Real Estate Services, Inc. (the “Advisor”) has been retained by 54 Waverley Road Ltd (the “Vendor”), on an exclusive basis, to sell 1981 Queen Street East, Toronto, Ontario (the ‘Property”).
For more information, please visit www.jll.com
David C. Horowitz* Urban Investment Sales & Leasing Jones Lang Lasalle +1 416 525 2005 [email protected] *Sales Representative
Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected]
The property represents a rare opportunity for an investor to acquire a 100% leased high quality retail building occupied by a single tenant with a triple net lease directly across the street from Starbucks, LCBO, Shoppers Drug Mart and Tim Horton’s between Waverley Road and Bellefair Avenue in the Heart of The Beaches. The Property is offered for sale at a price of $2,000,000 and will be sold on an as-is, where is basis, free and clear of debt. The Vendor’s objective is to maximize sale proceeds while preference will be given to Offers with limited confidentiality and timely closing. Offers will be considered by the vendor on an as received basis and should be submitted to the attention David Horowitz, 199 Bay Street, Suite 4610 Toronto ON M5L 1G3
Prime location in the Heart of The Beaches. Directly across the street from Starbucks, LCBO, Shoppers Drug mart, and Tim Hortons. Fully leased to a single tenant with a triple net long term lease, providing stable income. Surrounded by new residential development.
