217 Hémond Street, Saint-Eustache
For Sale
Ideal for an owner-user or as a development opportunity
217 Hémond Street, Saint-Eustache
For more information, please contact Mark Sinnett Executive Vice President - Capital Markets Real Estate Broker Jones Lang LaSalle T. +1 514 667 5696 [email protected]
Armen Markarian Associate - Capital Markets Commercial Real Estate Broker Jones Lang LaSalle T. +1 514 667 5695 [email protected]
Ideal for an owner-user or as a development opportunity Property Details
Rent Roll
Description Commercial building, leased to a fashion retailer, located on Hémond Street, just north of Arthur-Sauvé Boulevard and Place SaintEustache shopping center, in the growing community of Saint-Eustache. Ideal for an owner-user or as a development opportunity.
Address 217 Hémond Street
Total Building Area 7,620 SF (707.9 m2) Total Land Area 7,121 SF (661.6 m2) Frontage 90’ (27.44 m) Legal Description Lot # 3 221 779 (Cadastre du Québec) Year Built 1971 Zoning 1-C-20 Neighbourhood retail, mixed use (commercial and residential) Municipal Evaluation Land: $ 92,500.00 Building: $257,500.00 TOTAL: $350,000.00 Tax Roll Municipal Taxes: $ 7 722.60 School Tax: $ 831.30 TOTAL: $ 15,486.13
Tenant Jeans Dépôt Type Commercial Lease Start December 1st, 2009 Lease End February 28, 2015
Income Statement REVENUE Commercial Rents Recoveries Taxes Recoveries Operating EFFECTIVE GROSS INCOME EXPENSES Real Estate Taxes School Taxes Insurance Maintenance and Repairs TOTAL EXPENSES NET OPERATING INCOME
$39,600.00 $8,553.90 $6,370.79 $54,524.69 $7,722.60 $831.30 $4,590.54 $1,780.25 $14,924.69 $39,600.00
Leased Area 7,620 SF Lease Type Net net Monthly Rent $3,300.00 $ Annual Rent $39,600.00 $psf $5.20 psf Recoveries - Taxes $8,553.90 Recoveries - Operating $6,370.79
Asking Price $595,000
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217 Hémond Street, Saint-Eustache
Certificate of Location
Page 3
217 Hémond Street, Saint-Eustache
Neighbourhood Overview Overview Vibrant and dynamic municipality benefiting from its proximity to the Montréal and Laval markets. Demographics • 44,863 inhabitants living on 70.61 km2 • Expected population growth (20122017): 4% • Average household income: $64,480 • Median age: 41.7
217 Hémond Street
Economy • 70% of jobs are concentrated in the tertiary sector • Primary employment sectors: Retail, food services, business services, and health and social services. • Important primary sector, especially agriculture. • 27,568,400 SF industrial park. Real Estate (over the last 12 months) • Median single-family home sale price : $231,000 (a 1% increase since last year) • Average condo sale price: $173,000 (a 1% decrease since last year)
217 Hémond Street
In the heart of a diversified commercial area in a growing municipality Page 4
217 Hémond Street, Saint-Eustache
Market Overview - Saint-Eustache
Page 5
217 Hémond Street, Saint-Eustache
About the Capital Markets - Commercial and Retail Properties Group JLL’s Commercial and Retail Properties Group specializes in the acquisition and disposition of commercial, semi-commercial and retail properties both in the Greater Montréal Area and throughout the province. The group offers: • Acquisition and disposition services; • Leasing and landlord representation services; • Asset review and financial analysis; and • Investment strategy development and due diligence support. Our main objective is to ensure that our clients receive maximum value for their real estate investments. Our approach, tools and processes have all been optimized to meet this goal, allowing us to successfully transact the majority of our assignments. In addition to our 20 years of cumulative experience, we offer industry-leading research, market intelligence, and unmatched exposure to investors, retailers, users, and developers across the country.
About JLL JLL (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. Jones Lang LaSalle Real Estate Services Inc. Real Estate Agency 1 Place Ville Marie, Suite 2121 Montréal, Québec, H3B 2C6 Tel. +1 514 849 8849 www.jll.ca
For more information, please contact Mark Sinnett Executive Vice President - Capital Markets Real Estate Broker Jones Lang LaSalle T. +1 514 667 5696 [email protected]
Armen Markarian Associate - Capital Markets Commercial Real Estate Broker Jones Lang LaSalle T. +1 514 667 5695 [email protected]
© 2014 Jones Lang LaSalle, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. Jones Lang LaSalle Real Estate Services, Inc., Real Estate Agency
Ideal for an owner-user or as a development opportunity
217 Hémond Street, Saint-Eustache
For more information, please contact Mark Sinnett Executive Vice President - Capital Markets Real Estate Broker Jones Lang LaSalle T. +1 514 667 5696 [email protected]
Armen Markarian Associate - Capital Markets Commercial Real Estate Broker Jones Lang LaSalle T. +1 514 667 5695 [email protected]
Ideal for an owner-user or as a development opportunity Property Details
Rent Roll
Description Commercial building, leased to a fashion retailer, located on Hémond Street, just north of Arthur-Sauvé Boulevard and Place SaintEustache shopping center, in the growing community of Saint-Eustache. Ideal for an owner-user or as a development opportunity.
Address 217 Hémond Street
Total Building Area 7,620 SF (707.9 m2) Total Land Area 7,121 SF (661.6 m2) Frontage 90’ (27.44 m) Legal Description Lot # 3 221 779 (Cadastre du Québec) Year Built 1971 Zoning 1-C-20 Neighbourhood retail, mixed use (commercial and residential) Municipal Evaluation Land: $ 92,500.00 Building: $257,500.00 TOTAL: $350,000.00 Tax Roll Municipal Taxes: $ 7 722.60 School Tax: $ 831.30 TOTAL: $ 15,486.13
Tenant Jeans Dépôt Type Commercial Lease Start December 1st, 2009 Lease End February 28, 2015
Income Statement REVENUE Commercial Rents Recoveries Taxes Recoveries Operating EFFECTIVE GROSS INCOME EXPENSES Real Estate Taxes School Taxes Insurance Maintenance and Repairs TOTAL EXPENSES NET OPERATING INCOME
$39,600.00 $8,553.90 $6,370.79 $54,524.69 $7,722.60 $831.30 $4,590.54 $1,780.25 $14,924.69 $39,600.00
Leased Area 7,620 SF Lease Type Net net Monthly Rent $3,300.00 $ Annual Rent $39,600.00 $psf $5.20 psf Recoveries - Taxes $8,553.90 Recoveries - Operating $6,370.79
Asking Price $595,000
Page 2
217 Hémond Street, Saint-Eustache
Certificate of Location
Page 3
217 Hémond Street, Saint-Eustache
Neighbourhood Overview Overview Vibrant and dynamic municipality benefiting from its proximity to the Montréal and Laval markets. Demographics • 44,863 inhabitants living on 70.61 km2 • Expected population growth (20122017): 4% • Average household income: $64,480 • Median age: 41.7
217 Hémond Street
Economy • 70% of jobs are concentrated in the tertiary sector • Primary employment sectors: Retail, food services, business services, and health and social services. • Important primary sector, especially agriculture. • 27,568,400 SF industrial park. Real Estate (over the last 12 months) • Median single-family home sale price : $231,000 (a 1% increase since last year) • Average condo sale price: $173,000 (a 1% decrease since last year)
217 Hémond Street
In the heart of a diversified commercial area in a growing municipality Page 4
217 Hémond Street, Saint-Eustache
Market Overview - Saint-Eustache
Page 5
217 Hémond Street, Saint-Eustache
About the Capital Markets - Commercial and Retail Properties Group JLL’s Commercial and Retail Properties Group specializes in the acquisition and disposition of commercial, semi-commercial and retail properties both in the Greater Montréal Area and throughout the province. The group offers: • Acquisition and disposition services; • Leasing and landlord representation services; • Asset review and financial analysis; and • Investment strategy development and due diligence support. Our main objective is to ensure that our clients receive maximum value for their real estate investments. Our approach, tools and processes have all been optimized to meet this goal, allowing us to successfully transact the majority of our assignments. In addition to our 20 years of cumulative experience, we offer industry-leading research, market intelligence, and unmatched exposure to investors, retailers, users, and developers across the country.
About JLL JLL (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. Jones Lang LaSalle Real Estate Services Inc. Real Estate Agency 1 Place Ville Marie, Suite 2121 Montréal, Québec, H3B 2C6 Tel. +1 514 849 8849 www.jll.ca
For more information, please contact Mark Sinnett Executive Vice President - Capital Markets Real Estate Broker Jones Lang LaSalle T. +1 514 667 5696 [email protected]
Armen Markarian Associate - Capital Markets Commercial Real Estate Broker Jones Lang LaSalle T. +1 514 667 5695 [email protected]
© 2014 Jones Lang LaSalle, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. Jones Lang LaSalle Real Estate Services, Inc., Real Estate Agency
