325 Dorval Avenue
325 Dorval Avenue Dorval, Québec
A 3,555 square foot commercial building available for sale or for lease, close to all services and amenities, on one of Dorval’s main commercial arteries.
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]
Approximately 3,555-square-foot commercial building available for sale or for lease in Dorval’s main retail node Location Highlights • Proximity to Montréal’s main access ways: Highways 20, 13 and 520 are only a few minutes away. • Well serviced by public transit. • Adjacent to Les Jardins Dorval, the area’s main commercial node. • In close proximity to a wide range of services and amenities, • Affluent residential community known for its high quality of life. Property Description Legal Description Lot # 1 523 104 (Cadastre du Québec) Total Land Area 3,748 SF (348.20 m2) Frontage 29’ (8.89 m) Depth 129’ (39.17 m) Total Building Area 3,555 SF (330.30 m2) Year Built 1959 Zoning Permitted uses: Commercial (C1, C2, C7) Maximum Height: 3 storeys Maximum Density: 2.5 times the lot area. 325 Dorval Avenue, Dorval
Municipal Evaluation Land: $105,800.00 Building: $545,700.00 TOTAL: $651,500.00 Tax Roll Municipal Taxes: $21,066.09 School Tax: $1,115.50 TOTAL: $22,181.59 Other Feature Storage space available in the basement Asking Price $795,000 Net Asking Rent $16.00 psf
325 Dorval Avenue, Dorval
Page 2
Certificate of Location
325 Dorval Avenue, Dorval
Page 3
Affluent residential community known for its high quality of life.
Location Overview: Dorval The subject property is located on Dorval Avenue between Carson Avenue and Highway 20 (Autoroute du Souvenir) in the city of Dorval. It is the oldest city in the West Island, and one of the oldest in Canada and North America. Originally a summer refuge community to Montréal’s wealthier families, much of Dorval’s recent evolution has revolved around the development of P.-E.-Trudeau International Airport, which occupies 60% of the city’s surface area. The city is home to over 19,000 residents who enjoy a high quality of life. Current demographic data attest to this: the average household income is of $76,300; single-family homes sell for a median price of $332,000 and condominiums for $216,341; and the unemployment rate rests at approximately 7%. Several residential developments are currently underway in the area: The third phase of Espace MV is under construction and will feature 173 units in total, including lofts, condos and townhouses. Le Quatrième is a 32 unit townhouse development currently under construction and set for completion in spring of 2016. The subject property is well-serviced by public transit: Buses 191, 202, 209, 211 and 425 all run frequently along Dorval Avenue and the borough’s local train station is just a short walk from the property. Montréal’s downtown core is only 15 minutes away, via highways 20, 40, 520 and 13 which are all within proximity of the property. Dorval’s retail node is anchored by the Jardins Dorval shopping mall, which sits directly adjacent the subject property and the Dorval interchange. Built in 1954, it is one of Montréal’s first mall-style shopping centers and the city’s principal centre of retail trade. Its main tenants include Maxi, Pharmaprix, Walmart, TD Bank, RBC and Dollarama which attract residents from the nearby dense residential area.
325 Dorval Avenue, Dorval
Page 4
Retail Environment
Dorval Circle
325 Dorval Avenue
ue
l Aven
Dorva
enue Carson Av
Dawson Avenue
325 Dorval Avenue, Dorval
Page 5
Strong co-tenancy and a vibrant retail environment that drive heavy pedestrian and automobile traffic.
325 Dorval Avenue, Dorval
Page 6
About the Commercial and Retail Properties Group JLL’s Commercial and Retail Properties Group specializes in the acquisition, disposition and leasing 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
Mark Sinnett Executive Vice President Commercial and Retail Properties Group Real Estate Broker Jones Lang LaSalle T. +1 514 667 5696 [email protected]
Armen Markarian Associate Commercial and Retail Properties Group Commercial Real Estate Broker Jones Lang LaSalle T. +1 514 667 5695 [email protected]
© 2015 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
A 3,555 square foot commercial building available for sale or for lease, close to all services and amenities, on one of Dorval’s main commercial arteries.
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]
Approximately 3,555-square-foot commercial building available for sale or for lease in Dorval’s main retail node Location Highlights • Proximity to Montréal’s main access ways: Highways 20, 13 and 520 are only a few minutes away. • Well serviced by public transit. • Adjacent to Les Jardins Dorval, the area’s main commercial node. • In close proximity to a wide range of services and amenities, • Affluent residential community known for its high quality of life. Property Description Legal Description Lot # 1 523 104 (Cadastre du Québec) Total Land Area 3,748 SF (348.20 m2) Frontage 29’ (8.89 m) Depth 129’ (39.17 m) Total Building Area 3,555 SF (330.30 m2) Year Built 1959 Zoning Permitted uses: Commercial (C1, C2, C7) Maximum Height: 3 storeys Maximum Density: 2.5 times the lot area. 325 Dorval Avenue, Dorval
Municipal Evaluation Land: $105,800.00 Building: $545,700.00 TOTAL: $651,500.00 Tax Roll Municipal Taxes: $21,066.09 School Tax: $1,115.50 TOTAL: $22,181.59 Other Feature Storage space available in the basement Asking Price $795,000 Net Asking Rent $16.00 psf
325 Dorval Avenue, Dorval
Page 2
Certificate of Location
325 Dorval Avenue, Dorval
Page 3
Affluent residential community known for its high quality of life.
Location Overview: Dorval The subject property is located on Dorval Avenue between Carson Avenue and Highway 20 (Autoroute du Souvenir) in the city of Dorval. It is the oldest city in the West Island, and one of the oldest in Canada and North America. Originally a summer refuge community to Montréal’s wealthier families, much of Dorval’s recent evolution has revolved around the development of P.-E.-Trudeau International Airport, which occupies 60% of the city’s surface area. The city is home to over 19,000 residents who enjoy a high quality of life. Current demographic data attest to this: the average household income is of $76,300; single-family homes sell for a median price of $332,000 and condominiums for $216,341; and the unemployment rate rests at approximately 7%. Several residential developments are currently underway in the area: The third phase of Espace MV is under construction and will feature 173 units in total, including lofts, condos and townhouses. Le Quatrième is a 32 unit townhouse development currently under construction and set for completion in spring of 2016. The subject property is well-serviced by public transit: Buses 191, 202, 209, 211 and 425 all run frequently along Dorval Avenue and the borough’s local train station is just a short walk from the property. Montréal’s downtown core is only 15 minutes away, via highways 20, 40, 520 and 13 which are all within proximity of the property. Dorval’s retail node is anchored by the Jardins Dorval shopping mall, which sits directly adjacent the subject property and the Dorval interchange. Built in 1954, it is one of Montréal’s first mall-style shopping centers and the city’s principal centre of retail trade. Its main tenants include Maxi, Pharmaprix, Walmart, TD Bank, RBC and Dollarama which attract residents from the nearby dense residential area.
325 Dorval Avenue, Dorval
Page 4
Retail Environment
Dorval Circle
325 Dorval Avenue
ue
l Aven
Dorva
enue Carson Av
Dawson Avenue
325 Dorval Avenue, Dorval
Page 5
Strong co-tenancy and a vibrant retail environment that drive heavy pedestrian and automobile traffic.
325 Dorval Avenue, Dorval
Page 6
About the Commercial and Retail Properties Group JLL’s Commercial and Retail Properties Group specializes in the acquisition, disposition and leasing 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
Mark Sinnett Executive Vice President Commercial and Retail Properties Group Real Estate Broker Jones Lang LaSalle T. +1 514 667 5696 [email protected]
Armen Markarian Associate Commercial and Retail Properties Group Commercial Real Estate Broker Jones Lang LaSalle T. +1 514 667 5695 [email protected]
© 2015 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
