73WATER STREET NORTH CAMBRIDGE, ON
73
WATER STREET NORTH CAMBRIDGE, ON
FOR LEASE | CAMBRIDGE PLACE Cambridge Place is located in the Galt City Centre, which is the Central Business District of the City of Cambridge. The subject property offers the opportunity to be located within close proximity of multiple land uses: retail/office commercial, licensed restaurants, office related industry, government, community and public services. Cambridge Place is located within walking distance of Cambridge City Hall, the Library, the School of Architecture (University of Waterloo), the Dunfield Theatre and additional municipal parking. Downtown Galt is home to a variety of community festivals, these include: the Cambridge Arts Festival, the Mill Race Folk Festival, Riverfest and the
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O W
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annual Canada Day Celebration.
F O R M O R E I N F O R M AT I O N , P L E A S E C O N TA C T:
Michael A. Rouse*
Mel de Oliveira**
519.340.2308 [email protected]
519.340.2311 [email protected]
Senior Vice President
Vice President
FOR LEASE *Sales Representative **Broker
FOR LEASE
73 WATER STREET, NORTH FOR LEASE BUILDING SIZE: ±134,225 sq. ft. GLA GROUND FLOOR AREA:
±48,445 sq. ft.
TYPICAL FLOOR PLATES:
±17,266 sq. ft.
AVAILABLE UNITS:
GROUND FLOOR: units sq. ft. (RSF) 100
±34,163
105
±5,002
120
±3,021
SECOND FLOOR: ±17,266 sq. ft. (RSF) THIRD FLOOR:
±17,266 sq. ft. (RSF)
FOURTH FLOOR: units sq. ft. (RSF)
OUTSIDE OF BUILDING
410
±647
FIFTH FLOOR: units sq. ft. (RSF)
TOTAL VACANT SQ. FT.
500
±2,465
502
±1,557
503
±1,371
504
±3,920
±89,048 sq. ft.
PARKING: 2.9:1,000 sq. ft.; 144 surface and 230 underground. Controlled entry with remote access capability. There is 2 hour street parking, additional municipal parking lots available adjacent in the vicinity ZONING: CI-RM1 U N D E R G R O U N D PA R K I N G
HEATING & COOLING: 2-Laars Mighty Therm 2 (replaced in Dec. 2009) meets ASHRAE Standard 90.1 – 2001, 2-Centriugal chillers (replaced 2009) tonnage is 100 each. 1 coil was replaced in 2011. FIRE PROTECTION:
Edwards Model 6500 (1981)
Standard Sprinkler System on Main Floor only ELECTRICAL SERVICE:
1,200 Amp (house service)
CONSTRUCTION: Steel Frame & Brick Masonry AGE OF BUILDING:
Built in 1981 (roof on tower
replaced in 2010) Newer boilers (replaced in 2009)
O F F I C E S PA C E
OPERATING COST:
±$9.59/sq. ft. net
LEASE RATES (NET):
GROUND LEVEL:
$11.00/sq. ft.
OTHER FLOORS:
$9.00/sq. ft.
CAMBRIDGE :: ONTARIO W AT E R L O O R E G I O N M A R K E T Quick Stats Q3 2014 Vacancy Rate (%) Lease Rate ($ per sq. ft.) (AVG.) Net Absorption (sq. ft.) Under Construction (sq. ft.) CAM & Taxes ($ per sq. ft.) (AVG.)
Q-o-Q
Y-o-Y
10.3
$12.49 (19,004)
82,600
$9.74
The arrows are trend indicators over the specified time period and do not represent a positive or negative value (e.g. net absorption could be negative, but still represent a positive trend over a specified period.)
Hot Topics **Year-to-date net absorption remains positive as the region as a whole has reacted well to an increase in vacancy in the Waterloo submarket. **Construction activity edged up slightly to 82,600 sq. ft., of which 43,000 sq. ft. is expected to be delivered in the Kitchener Core submarket.
SITE
City Hall
ie Ainsl
t
Stree
. eet N
r Str Wate
Park H ill Roa d W.
F R O N TA G E O N T O A I N S L I E S T R E E T A N D W AT E R S T R E E T
PERMITTED USES: •
Office
•
Bank/Trust Company
•
Pharmacy
•
Food Services Establishment
•
Commerical School
•
Hair Salon
519.340.2308 [email protected]
•
Service Commercial Establishment
•
Day Care Centre
Mel de Oliveira**
•
Recreation Centre
Michael A. Rouse* Senior Vice President
Vice President
519.340.2311 [email protected]
*Sales Representative **Broker
CBRE Limited, Brokerage | 101 Frederick Street, Suite 810 | Kitchener, ON N2H 6R2 This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“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: Google Build a Map
WATER STREET NORTH CAMBRIDGE, ON
FOR LEASE | CAMBRIDGE PLACE Cambridge Place is located in the Galt City Centre, which is the Central Business District of the City of Cambridge. The subject property offers the opportunity to be located within close proximity of multiple land uses: retail/office commercial, licensed restaurants, office related industry, government, community and public services. Cambridge Place is located within walking distance of Cambridge City Hall, the Library, the School of Architecture (University of Waterloo), the Dunfield Theatre and additional municipal parking. Downtown Galt is home to a variety of community festivals, these include: the Cambridge Arts Festival, the Mill Race Folk Festival, Riverfest and the
UN
DE
R
N
EW
O W
N
ER
SH
IP
annual Canada Day Celebration.
F O R M O R E I N F O R M AT I O N , P L E A S E C O N TA C T:
Michael A. Rouse*
Mel de Oliveira**
519.340.2308 [email protected]
519.340.2311 [email protected]
Senior Vice President
Vice President
FOR LEASE *Sales Representative **Broker
FOR LEASE
73 WATER STREET, NORTH FOR LEASE BUILDING SIZE: ±134,225 sq. ft. GLA GROUND FLOOR AREA:
±48,445 sq. ft.
TYPICAL FLOOR PLATES:
±17,266 sq. ft.
AVAILABLE UNITS:
GROUND FLOOR: units sq. ft. (RSF) 100
±34,163
105
±5,002
120
±3,021
SECOND FLOOR: ±17,266 sq. ft. (RSF) THIRD FLOOR:
±17,266 sq. ft. (RSF)
FOURTH FLOOR: units sq. ft. (RSF)
OUTSIDE OF BUILDING
410
±647
FIFTH FLOOR: units sq. ft. (RSF)
TOTAL VACANT SQ. FT.
500
±2,465
502
±1,557
503
±1,371
504
±3,920
±89,048 sq. ft.
PARKING: 2.9:1,000 sq. ft.; 144 surface and 230 underground. Controlled entry with remote access capability. There is 2 hour street parking, additional municipal parking lots available adjacent in the vicinity ZONING: CI-RM1 U N D E R G R O U N D PA R K I N G
HEATING & COOLING: 2-Laars Mighty Therm 2 (replaced in Dec. 2009) meets ASHRAE Standard 90.1 – 2001, 2-Centriugal chillers (replaced 2009) tonnage is 100 each. 1 coil was replaced in 2011. FIRE PROTECTION:
Edwards Model 6500 (1981)
Standard Sprinkler System on Main Floor only ELECTRICAL SERVICE:
1,200 Amp (house service)
CONSTRUCTION: Steel Frame & Brick Masonry AGE OF BUILDING:
Built in 1981 (roof on tower
replaced in 2010) Newer boilers (replaced in 2009)
O F F I C E S PA C E
OPERATING COST:
±$9.59/sq. ft. net
LEASE RATES (NET):
GROUND LEVEL:
$11.00/sq. ft.
OTHER FLOORS:
$9.00/sq. ft.
CAMBRIDGE :: ONTARIO W AT E R L O O R E G I O N M A R K E T Quick Stats Q3 2014 Vacancy Rate (%) Lease Rate ($ per sq. ft.) (AVG.) Net Absorption (sq. ft.) Under Construction (sq. ft.) CAM & Taxes ($ per sq. ft.) (AVG.)
Q-o-Q
Y-o-Y
10.3
$12.49 (19,004)
82,600
$9.74
The arrows are trend indicators over the specified time period and do not represent a positive or negative value (e.g. net absorption could be negative, but still represent a positive trend over a specified period.)
Hot Topics **Year-to-date net absorption remains positive as the region as a whole has reacted well to an increase in vacancy in the Waterloo submarket. **Construction activity edged up slightly to 82,600 sq. ft., of which 43,000 sq. ft. is expected to be delivered in the Kitchener Core submarket.
SITE
City Hall
ie Ainsl
t
Stree
. eet N
r Str Wate
Park H ill Roa d W.
F R O N TA G E O N T O A I N S L I E S T R E E T A N D W AT E R S T R E E T
PERMITTED USES: •
Office
•
Bank/Trust Company
•
Pharmacy
•
Food Services Establishment
•
Commerical School
•
Hair Salon
519.340.2308 [email protected]
•
Service Commercial Establishment
•
Day Care Centre
Mel de Oliveira**
•
Recreation Centre
Michael A. Rouse* Senior Vice President
Vice President
519.340.2311 [email protected]
*Sales Representative **Broker
CBRE Limited, Brokerage | 101 Frederick Street, Suite 810 | Kitchener, ON N2H 6R2 This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“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: Google Build a Map
