3515-3517 LaSalle Boulevard - JLL
3515-3517 LaSalle Boulevard Verdun, Québec
A two-storey, 6,645 square-feet commercial building available for sale or for lease in the fast-growing borough of Verdun
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]
A two-storey, 6,645 square-feet commercial building available for sale or for lease in the fast-growing borough of Verdun
Property Description The Property refers to a 6,645-square-foot, two-storey free-standing commercial building located at the intersection of LaSalle Boulevard and de Rushbrooke Street in the fast-growing borough of Verdun. The Property features 14 parking stalls, good fenestration, a 90-foot façade along LaSalle Boulevard, and great automobile and pedestrian traffic. The building is well-serviced by public transit and near a diversified retail environment.
3515-3517 LaSalle Boulevard, Verdun
Page 2
Property Specifications Legal Description Lot # 1 152 929 (Cadastre du Québec) Site Area 9,520 SF (884.1 m2) Frontage 90’ (28 m) Building Area 6,645 SF (617 m2) Year Built 1960 Storeys 2 Zoning Designation: H-02-81 Permitted Uses: Residential (H1, H2, H3) and commercial (C1, C3, C8) Maximum Height: Up to 3 storeys. Maximum Building/Land Ratio: 1.0 Maximum Floor Area Ratio: 3.0 Current Revenues
Parking 14 outdoor stalls Assessment Roll Land: Building: TOTAL: Tax Roll Municipal Tax: School Tax: TOTAL:
$442,200.00 $760,100.00 $1,202,300.00 $40,747.96 $2,079.90 $42,827.86
Ground floor 2nd Floor
TENANT LEASE TERM MONTHLY RENT Vacant Cible Retour à February 1, 2015 $3,431.36 l’Emploi to July 31, 2016
Asking Price: $1,050,000 Net Asking Rate: $17.00 psf
The Property features good fenestration, 14 parking stalls and a 90-foot façade along LaSalle Boulevard. 3515-3517 LaSalle Boulevard, Verdun
Page 3
Certificate of Location
3515-3517 LaSalle Boulevard, Verdun
Page 4
A fast-changing, booming neighbourhood, with several residential and commercial projects underway
3515-3517 LaSalle Boulevard
Location Overview The Property is located in the fast-changing borough of Verdun, known for its widely diverse population, its dynamism and energy, and well as its recent economic growth. The Property is adjacent a diverse retail node, featuring neighbourhood-oriented services, popular local restaurants and a number of national name brands. It benefits from easy accessibility and high pedestrian and automobile traffic.
3515-3517 LaSalle Boulevard, Verdun
Page 5
Location Highlights Location Highlights Great location on one of Verdun’s most Great location on one of Verdun’s most important commercial artery: Located at important commercial artery: Located at the the intersection of LaSalle Boulevard and intersection of LaSalle Boulevard and de de Rushbrooke Street. Rushbrooke Street. Direct access to Highway 20/15, which Direct access to Highway 20/15, which connects the Property seamlessly to connects the Property seamlessly to downtown Montréal (only 10 minutes downtown Montréal (only 10 minutes away). away). Only a few minutes away from LaSalle Only a few minutes away from LaSalle metro station and well-serviced by buses metro station and well-serviced by buses 12, 71, 108 and 350. 12, 71, 108 and 350. Heavy foot and automobile traffic Heavy foot and automobile traffic generated generated by the Property’s proximity to a by the Property’s proximity to a diverse diverse retail environment and a densely retail environment and a densely populated populated residential neighbourhood. residential neighbourhood. Neighbouring tenants include a balanced Neighbouring tenants include a balanced mixed of national brands (Metro, Scotia mixed of national brands (Metro, Scotia Bank, Jean-Coutu Pharmacy, National Bank, Jean-Coutu Pharmacy, National Bank, Pharmaprix) and established local Bank, Pharmaprix) and established local favourites (JoBlo, Station M, La Queue de favourites (JoBlo, Station M, La Queue de Poisson, Boulangerie Wellington). Poisson, Boulangerie Wellington). Verdun has known an impressive Verdun has known an impressive population growth in recent years, with a population growth in recent years, with a 10% increase over the past 10 years and 10% increase over the past 10 years and a further 5% growth expected in the next 5 a further 5% growth expected in the next 5 years. Household incomes sit at $72,500. years. Household incomes sit at $72,500. Verdun’s residential market is mostly Verdun’s residential market is mostly characterized by an impressive growth in characterized by an impressive growth in the condominium sector. There were 261 the condominium sector. There were 261 condo units completed in 2014 and an condo units completed in 2014 and an additional 298 units under construction additional 298 units under construction and and set for completion between now and set for completion between now and 2017. 2017.
3515-3517 LaSalle Boulevard, Verdun
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 two-storey, 6,645 square-feet commercial building available for sale or for lease in the fast-growing borough of Verdun
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]
A two-storey, 6,645 square-feet commercial building available for sale or for lease in the fast-growing borough of Verdun
Property Description The Property refers to a 6,645-square-foot, two-storey free-standing commercial building located at the intersection of LaSalle Boulevard and de Rushbrooke Street in the fast-growing borough of Verdun. The Property features 14 parking stalls, good fenestration, a 90-foot façade along LaSalle Boulevard, and great automobile and pedestrian traffic. The building is well-serviced by public transit and near a diversified retail environment.
3515-3517 LaSalle Boulevard, Verdun
Page 2
Property Specifications Legal Description Lot # 1 152 929 (Cadastre du Québec) Site Area 9,520 SF (884.1 m2) Frontage 90’ (28 m) Building Area 6,645 SF (617 m2) Year Built 1960 Storeys 2 Zoning Designation: H-02-81 Permitted Uses: Residential (H1, H2, H3) and commercial (C1, C3, C8) Maximum Height: Up to 3 storeys. Maximum Building/Land Ratio: 1.0 Maximum Floor Area Ratio: 3.0 Current Revenues
Parking 14 outdoor stalls Assessment Roll Land: Building: TOTAL: Tax Roll Municipal Tax: School Tax: TOTAL:
$442,200.00 $760,100.00 $1,202,300.00 $40,747.96 $2,079.90 $42,827.86
Ground floor 2nd Floor
TENANT LEASE TERM MONTHLY RENT Vacant Cible Retour à February 1, 2015 $3,431.36 l’Emploi to July 31, 2016
Asking Price: $1,050,000 Net Asking Rate: $17.00 psf
The Property features good fenestration, 14 parking stalls and a 90-foot façade along LaSalle Boulevard. 3515-3517 LaSalle Boulevard, Verdun
Page 3
Certificate of Location
3515-3517 LaSalle Boulevard, Verdun
Page 4
A fast-changing, booming neighbourhood, with several residential and commercial projects underway
3515-3517 LaSalle Boulevard
Location Overview The Property is located in the fast-changing borough of Verdun, known for its widely diverse population, its dynamism and energy, and well as its recent economic growth. The Property is adjacent a diverse retail node, featuring neighbourhood-oriented services, popular local restaurants and a number of national name brands. It benefits from easy accessibility and high pedestrian and automobile traffic.
3515-3517 LaSalle Boulevard, Verdun
Page 5
Location Highlights Location Highlights Great location on one of Verdun’s most Great location on one of Verdun’s most important commercial artery: Located at important commercial artery: Located at the the intersection of LaSalle Boulevard and intersection of LaSalle Boulevard and de de Rushbrooke Street. Rushbrooke Street. Direct access to Highway 20/15, which Direct access to Highway 20/15, which connects the Property seamlessly to connects the Property seamlessly to downtown Montréal (only 10 minutes downtown Montréal (only 10 minutes away). away). Only a few minutes away from LaSalle Only a few minutes away from LaSalle metro station and well-serviced by buses metro station and well-serviced by buses 12, 71, 108 and 350. 12, 71, 108 and 350. Heavy foot and automobile traffic Heavy foot and automobile traffic generated generated by the Property’s proximity to a by the Property’s proximity to a diverse diverse retail environment and a densely retail environment and a densely populated populated residential neighbourhood. residential neighbourhood. Neighbouring tenants include a balanced Neighbouring tenants include a balanced mixed of national brands (Metro, Scotia mixed of national brands (Metro, Scotia Bank, Jean-Coutu Pharmacy, National Bank, Jean-Coutu Pharmacy, National Bank, Pharmaprix) and established local Bank, Pharmaprix) and established local favourites (JoBlo, Station M, La Queue de favourites (JoBlo, Station M, La Queue de Poisson, Boulangerie Wellington). Poisson, Boulangerie Wellington). Verdun has known an impressive Verdun has known an impressive population growth in recent years, with a population growth in recent years, with a 10% increase over the past 10 years and 10% increase over the past 10 years and a further 5% growth expected in the next 5 a further 5% growth expected in the next 5 years. Household incomes sit at $72,500. years. Household incomes sit at $72,500. Verdun’s residential market is mostly Verdun’s residential market is mostly characterized by an impressive growth in characterized by an impressive growth in the condominium sector. There were 261 the condominium sector. There were 261 condo units completed in 2014 and an condo units completed in 2014 and an additional 298 units under construction additional 298 units under construction and and set for completion between now and set for completion between now and 2017. 2017.
3515-3517 LaSalle Boulevard, Verdun
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
