755 queensway east - SLIDEBLAST.COM
AVAILABLE
USER/INVESTOR OPPORTUNITY
FOR SALE
755 QUEENSWAY EAST MI S S I S S AU G A
VACANT OFFICE AREA
43,733 SQ. FT.
MULTI-TENANT INDUSTRIAL UNITS (94% LEASED)
104,698 SQ. FT.
TOTAL AREA
148,431 SQ. FT.
SITE SIZE
6.88 A cres
ASKING PRICE
$16,000,000.00
ZONING
E2
FOR MORE INFORMATION PLEASE CONTACT *Sales Representative
Annual Net Income from Industrial units is approximately $890,000
Evan S. White* Executive Vice President 416.798.6232 [email protected]
Michael A. Bellissimo** Vice President 416.798.6257 [email protected]
Phillip Cheung* Vice President 416.798.6243 [email protected]
AVAILABLE
USER/INVESTOR OPPORTUNITY
FOR SALE
755 QUEENSWAY EAST
AVAILABLE OFFICE SPACE SECOND FLOOR
22,186 SQ. FT.
THIRD FLOOR
21,547 SQ. FT.
TOTAL OFFICE AREA :
43,733 SQ.FT.
SECOND FLOOR
WEST SIDE SUITE – UNIT 205 10,226 SQ. FT.
EAST SIDE SUITE – UNIT 200 11,960 SQ. FT.
THIRD FLOOR
WEST SIDE SUITE – UNIT 305 10,056 SQ. FT.
EAST SIDE SUITE – UNIT 300 11,491 SQ. FT.
AVAILABLE
USER/INVESTOR OPPORTUNITY
FOR SALE
755 QUEENSWAY EAST
INDUSTRIAL / RETAIL UNIT SPECS TOTAL INDUSTRIAL AREA
104,698 SQ. FT.
OCCUPIED
30
VACANT
2
OCCUPANCY
94%
CLEAR HEIGHT
14’
Wing 1
Wing 2
Showroom/Retail units Industrial units Vacant
Wing 3
Wing 4
AVAILABLE
USER/INVESTOR OPPORTUNITY
FOR SALE
755 QUEENSWAY EAST
SITE MAP:
COMMENTS: Single floor basement outfitted as an underground parking garage with 145 spaces A dditional parking surrounding the East, South and West of the Property, as well as between ‘ Wings’ 1-2 and 3-4 Elevator access provided to all floors (including underground parking) 0.25 A cre surplus parcel of land located at the North East corner of the lot that is currently leased Roofs replaced in stage starting in 2008, with additional sections completed in 2011, 2013, and 2015 Portion of the roof area is being used for solar panel income
FOR MORE INFORMATION PLEASE CONTACT *Sales Representative
Evan S. White* Executive Vice President 416.798.6232 [email protected]
Michael A. Bellissimo** Vice President 416.798.6257 [email protected]
Phillip Cheung* Vice President 416.798.6243 [email protected]
CBRE Limited | 87 Skyway Avenue | Suite 100 | Toronto, ON M9W 6R3 | www.cbre.ca
AVAILABLE
USER/INVESTOR OPPORTUNITY
FOR SALE
755 QUEENSWAY EAST
PROJECTED RENT ROLL – INDUSTRIAL / RETAIL UNITS Year 1 Nov-2015
Year 2 Nov-2016
Year 3 Nov-2017
Year 4 Nov-2018
Year 5 Nov-2019
Base Rental Revenue Absorption & Turnover Vacancy
$838,111 -$62,934
$872,571 -$41,169
$865,469 -$27,594
$881,796 -$18,223
$892,321 -$13,047
Scheduled Base Rental Revenue
$775,177
$831,402
$837,875
$863,573
$879,274
Parking Revenue
$38,322
$39,281
$40,263
$41,270
$42,300
Roof Top Solar Revenue
$13,165
$13,496
$13,832
$14,180
$14,532
$1,174
$1,206
$1,234
$1,266
$1,296
$52,661
$53,983
$55,329
$56,716
$58,128
$827,838
$885,385
$893,204
$920,289
$937402
For Years Ending RENTAL REVENUE
Other Income Miscellaneous Income EFFECTIVE GROSS REVENUE
CAPITAL EXPENDITURE SUMMARY
COMMENTS
Expense description
Date completed
Amount
Garage Slab Repairs
March, 2007
$15,290
June, 2008
$146,085
Roof Repair/replacement HVAC replacement (unit 101) Peel Region Paving Garage ramp repair & heating
November, 2009
$9,680
July, 2009
$2,700
October, 2010
$10,000
Roof replacement
May, 2011
$63,952
Pro-Con Ramp repair (material)
May, 2011
$44,500
HVAC repair
December, 2011
$43,566
Gazebo repairs
December, 2011
$9,650
Roof Repair/replacement
August, 2013
$127,172
5 ton rooftop unit
September, 2013
$6,700
Paving
September, 2014
$30,000
March, 2015
$120,000
Roof Repair/Replacement Total
$629,295
Strong history of leasing in the 95% - 97% occupancy range. Full rent roll available. The Property is being offered clear of existing financing, allowing prospective purchasers to seek out attractive financing and potentially improve returns in today’s increasingly competitive debt markets.
AVAILABLE
USER/INVESTOR OPPORTUNITY
FOR SALE
755 QUEENSWAY EAST
PROXIMITY MAP:
FOR MORE INFORMATION PLEASE CONTACT *Sales Representative
Evan S. White* Executive Vice President 416.798.6232 [email protected]
Michael A. Bellissimo** Vice President 416.798.6257 [email protected]
Phillip Cheung* Vice President 416.798.6243 [email protected]
CBRE Limited | 87 Skyway Avenue | Suite 100 | Toronto, ON M9W 6R3 | www.cbre.ca This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth
USER/INVESTOR OPPORTUNITY
FOR SALE
755 QUEENSWAY EAST MI S S I S S AU G A
VACANT OFFICE AREA
43,733 SQ. FT.
MULTI-TENANT INDUSTRIAL UNITS (94% LEASED)
104,698 SQ. FT.
TOTAL AREA
148,431 SQ. FT.
SITE SIZE
6.88 A cres
ASKING PRICE
$16,000,000.00
ZONING
E2
FOR MORE INFORMATION PLEASE CONTACT *Sales Representative
Annual Net Income from Industrial units is approximately $890,000
Evan S. White* Executive Vice President 416.798.6232 [email protected]
Michael A. Bellissimo** Vice President 416.798.6257 [email protected]
Phillip Cheung* Vice President 416.798.6243 [email protected]
AVAILABLE
USER/INVESTOR OPPORTUNITY
FOR SALE
755 QUEENSWAY EAST
AVAILABLE OFFICE SPACE SECOND FLOOR
22,186 SQ. FT.
THIRD FLOOR
21,547 SQ. FT.
TOTAL OFFICE AREA :
43,733 SQ.FT.
SECOND FLOOR
WEST SIDE SUITE – UNIT 205 10,226 SQ. FT.
EAST SIDE SUITE – UNIT 200 11,960 SQ. FT.
THIRD FLOOR
WEST SIDE SUITE – UNIT 305 10,056 SQ. FT.
EAST SIDE SUITE – UNIT 300 11,491 SQ. FT.
AVAILABLE
USER/INVESTOR OPPORTUNITY
FOR SALE
755 QUEENSWAY EAST
INDUSTRIAL / RETAIL UNIT SPECS TOTAL INDUSTRIAL AREA
104,698 SQ. FT.
OCCUPIED
30
VACANT
2
OCCUPANCY
94%
CLEAR HEIGHT
14’
Wing 1
Wing 2
Showroom/Retail units Industrial units Vacant
Wing 3
Wing 4
AVAILABLE
USER/INVESTOR OPPORTUNITY
FOR SALE
755 QUEENSWAY EAST
SITE MAP:
COMMENTS: Single floor basement outfitted as an underground parking garage with 145 spaces A dditional parking surrounding the East, South and West of the Property, as well as between ‘ Wings’ 1-2 and 3-4 Elevator access provided to all floors (including underground parking) 0.25 A cre surplus parcel of land located at the North East corner of the lot that is currently leased Roofs replaced in stage starting in 2008, with additional sections completed in 2011, 2013, and 2015 Portion of the roof area is being used for solar panel income
FOR MORE INFORMATION PLEASE CONTACT *Sales Representative
Evan S. White* Executive Vice President 416.798.6232 [email protected]
Michael A. Bellissimo** Vice President 416.798.6257 [email protected]
Phillip Cheung* Vice President 416.798.6243 [email protected]
CBRE Limited | 87 Skyway Avenue | Suite 100 | Toronto, ON M9W 6R3 | www.cbre.ca
AVAILABLE
USER/INVESTOR OPPORTUNITY
FOR SALE
755 QUEENSWAY EAST
PROJECTED RENT ROLL – INDUSTRIAL / RETAIL UNITS Year 1 Nov-2015
Year 2 Nov-2016
Year 3 Nov-2017
Year 4 Nov-2018
Year 5 Nov-2019
Base Rental Revenue Absorption & Turnover Vacancy
$838,111 -$62,934
$872,571 -$41,169
$865,469 -$27,594
$881,796 -$18,223
$892,321 -$13,047
Scheduled Base Rental Revenue
$775,177
$831,402
$837,875
$863,573
$879,274
Parking Revenue
$38,322
$39,281
$40,263
$41,270
$42,300
Roof Top Solar Revenue
$13,165
$13,496
$13,832
$14,180
$14,532
$1,174
$1,206
$1,234
$1,266
$1,296
$52,661
$53,983
$55,329
$56,716
$58,128
$827,838
$885,385
$893,204
$920,289
$937402
For Years Ending RENTAL REVENUE
Other Income Miscellaneous Income EFFECTIVE GROSS REVENUE
CAPITAL EXPENDITURE SUMMARY
COMMENTS
Expense description
Date completed
Amount
Garage Slab Repairs
March, 2007
$15,290
June, 2008
$146,085
Roof Repair/replacement HVAC replacement (unit 101) Peel Region Paving Garage ramp repair & heating
November, 2009
$9,680
July, 2009
$2,700
October, 2010
$10,000
Roof replacement
May, 2011
$63,952
Pro-Con Ramp repair (material)
May, 2011
$44,500
HVAC repair
December, 2011
$43,566
Gazebo repairs
December, 2011
$9,650
Roof Repair/replacement
August, 2013
$127,172
5 ton rooftop unit
September, 2013
$6,700
Paving
September, 2014
$30,000
March, 2015
$120,000
Roof Repair/Replacement Total
$629,295
Strong history of leasing in the 95% - 97% occupancy range. Full rent roll available. The Property is being offered clear of existing financing, allowing prospective purchasers to seek out attractive financing and potentially improve returns in today’s increasingly competitive debt markets.
AVAILABLE
USER/INVESTOR OPPORTUNITY
FOR SALE
755 QUEENSWAY EAST
PROXIMITY MAP:
FOR MORE INFORMATION PLEASE CONTACT *Sales Representative
Evan S. White* Executive Vice President 416.798.6232 [email protected]
Michael A. Bellissimo** Vice President 416.798.6257 [email protected]
Phillip Cheung* Vice President 416.798.6243 [email protected]
CBRE Limited | 87 Skyway Avenue | Suite 100 | Toronto, ON M9W 6R3 | www.cbre.ca This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth
