COMMERCIAL INVESTMENT ...
CBRE LIMITED
MULTI-TENANT INDUSTRIAL/COMMERCIAL INVESTMENT OPPORTUNITY 31-33 Manitou Drive Kitchener, Ontario
CONTACT US Nick Pecarski* Sales Representative 519.340.2300 [email protected]
Mel De Oliveira, CCIM** Vice President, Broker 519.340.2311 [email protected]
CBRE Limited, Real Estate Brokerage| 101 Frederick Street | Suite 810 | Kitchener, ON N2H 6R2 *Sales Representative
**Broker
www.cbre.ca
MULTI-TENANT INDUSTRIAL/COMMERCIAL INVESTMENT OPPORTUNITY 31-33 Manitou Drive Kitchener, Ontario
INVESTMENT HIGHLIGHTS •
Well managed and maintained Multi-Tenant
•
industrial/commercial building located on busy Manitou Drive near Fairway Road •
Two Buildings totaling 16,268 sq. ft. on 1.138 acres
•
Rents at or below market rates
Access to electronic data room available upon signing a Confidentiality Agreement with zoning details, leases, roof report including quotes, building drawings, 2016 final tax bill, land lease for adjoining property, rent roll, mechanical equipment list, aerial photos showing proposed relocation of the fenced compound and proposed trail, survey showing hydro easement, current Phase I Environmental Assessment.
PROPERTY FEATURES TOTAL BUILDING SIZE:
16,268 sq. ft. 31 Manitou – 10,425 sq. ft. 33 Manitou – 5,843 sq. ft.
LOT SIZE:
1.138 acres
ROOF:
Original see roofing reports on Electronic Data Room
ZONING:
M-4(Heavy Industrial) 1R (GRCA regulated) 34U (Restaurant Use)
AGE OF BUILDING:
42 years
GOING-IN CAP RATE:
6.27%
TENANTS:
7 tenants fully leased plus billboard sign
* Net income before allowance for vacancy or capital replacement reserve. This is preliminary overview information. Full access to data room will be provided to qualified bidders, with the return of a signed Confidentiality Agreement.
SCHEDULED NET INCOME:
$140,499.25* per year
ASKING PRICE:
$2,240,000**
[email protected]
** The All-Brite tenant has a first right of refusal for five (5) business days to match an acceptable offer. This condition must be included in all offers. Offer Submission Date: September 21, 2017 by 4 p.m.
[email protected]
MULTI-TENANT INDUSTRIAL/COMMERCIAL INVESTMENT OPPORTUNITY
31-33
MANITOU DRIVE
KITCHENER, Ontario
ABOUT ACCESS •
Vehicle access to Hwy 401 via Fairway Road and Hwy 7/8 or Homer Watson Boulevard
•
Future ION LRT stops at Fairview Mall and Courtland/Blockline intersection
•
GRT bus stop directly in front of the building
ABOUT KITCHENER The City of Kitchener is the largest municipality in the Waterloo Region. Located in the geographic heart of the region, it is home to 225,000 people. The city attracts a diverse mix of industry, technology and post-secondary institutions, including the University of Waterloo with the new School of Pharmacy, Wilfrid Laurier University School of Social Work and the main campus of Conestoga College. Access to highly respected post secondary institutions, including the University of Waterloo provides the Region with the most significant concentration of mathematical and computer science talent globally. The strong local economy and high quality of life has led to several successful new developments in the KitchenerWaterloo area that appeal to high net-worth households and young professionals.
[email protected]
[email protected]
MULTI-TENANT INDUSTRIAL/COMMERCIAL INVESTMENT OPPORTUNITY
31-33 MANITOU DRIVE
KITCHENER, Ontario
Hwy 7/8 to/from 401
**Offer Submission Date: September 21st, 2017 by 4pm
CONTACT US Nick Pecarski* Sales Representative 519.340.2300 [email protected]
Mel De Oliveira, CCIM** Vice President, Broker 519.340.2311 [email protected]
CBRE Limited, Real Estate Brokerage| 101 Frederick Street | Suite 810 | Kitchener, ON N2H 6R2 *Sales Representative
**Broker
© 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
www.cbre.ca www.cbre.com
MULTI-TENANT INDUSTRIAL/COMMERCIAL INVESTMENT OPPORTUNITY 31-33 Manitou Drive Kitchener, Ontario
CONTACT US Nick Pecarski* Sales Representative 519.340.2300 [email protected]
Mel De Oliveira, CCIM** Vice President, Broker 519.340.2311 [email protected]
CBRE Limited, Real Estate Brokerage| 101 Frederick Street | Suite 810 | Kitchener, ON N2H 6R2 *Sales Representative
**Broker
www.cbre.ca
MULTI-TENANT INDUSTRIAL/COMMERCIAL INVESTMENT OPPORTUNITY 31-33 Manitou Drive Kitchener, Ontario
INVESTMENT HIGHLIGHTS •
Well managed and maintained Multi-Tenant
•
industrial/commercial building located on busy Manitou Drive near Fairway Road •
Two Buildings totaling 16,268 sq. ft. on 1.138 acres
•
Rents at or below market rates
Access to electronic data room available upon signing a Confidentiality Agreement with zoning details, leases, roof report including quotes, building drawings, 2016 final tax bill, land lease for adjoining property, rent roll, mechanical equipment list, aerial photos showing proposed relocation of the fenced compound and proposed trail, survey showing hydro easement, current Phase I Environmental Assessment.
PROPERTY FEATURES TOTAL BUILDING SIZE:
16,268 sq. ft. 31 Manitou – 10,425 sq. ft. 33 Manitou – 5,843 sq. ft.
LOT SIZE:
1.138 acres
ROOF:
Original see roofing reports on Electronic Data Room
ZONING:
M-4(Heavy Industrial) 1R (GRCA regulated) 34U (Restaurant Use)
AGE OF BUILDING:
42 years
GOING-IN CAP RATE:
6.27%
TENANTS:
7 tenants fully leased plus billboard sign
* Net income before allowance for vacancy or capital replacement reserve. This is preliminary overview information. Full access to data room will be provided to qualified bidders, with the return of a signed Confidentiality Agreement.
SCHEDULED NET INCOME:
$140,499.25* per year
ASKING PRICE:
$2,240,000**
[email protected]
** The All-Brite tenant has a first right of refusal for five (5) business days to match an acceptable offer. This condition must be included in all offers. Offer Submission Date: September 21, 2017 by 4 p.m.
[email protected]
MULTI-TENANT INDUSTRIAL/COMMERCIAL INVESTMENT OPPORTUNITY
31-33
MANITOU DRIVE
KITCHENER, Ontario
ABOUT ACCESS •
Vehicle access to Hwy 401 via Fairway Road and Hwy 7/8 or Homer Watson Boulevard
•
Future ION LRT stops at Fairview Mall and Courtland/Blockline intersection
•
GRT bus stop directly in front of the building
ABOUT KITCHENER The City of Kitchener is the largest municipality in the Waterloo Region. Located in the geographic heart of the region, it is home to 225,000 people. The city attracts a diverse mix of industry, technology and post-secondary institutions, including the University of Waterloo with the new School of Pharmacy, Wilfrid Laurier University School of Social Work and the main campus of Conestoga College. Access to highly respected post secondary institutions, including the University of Waterloo provides the Region with the most significant concentration of mathematical and computer science talent globally. The strong local economy and high quality of life has led to several successful new developments in the KitchenerWaterloo area that appeal to high net-worth households and young professionals.
[email protected]
[email protected]
MULTI-TENANT INDUSTRIAL/COMMERCIAL INVESTMENT OPPORTUNITY
31-33 MANITOU DRIVE
KITCHENER, Ontario
Hwy 7/8 to/from 401
**Offer Submission Date: September 21st, 2017 by 4pm
CONTACT US Nick Pecarski* Sales Representative 519.340.2300 [email protected]
Mel De Oliveira, CCIM** Vice President, Broker 519.340.2311 [email protected]
CBRE Limited, Real Estate Brokerage| 101 Frederick Street | Suite 810 | Kitchener, ON N2H 6R2 *Sales Representative
**Broker
© 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
www.cbre.ca www.cbre.com
