Flyer 1 amazonaws com
MARKETSIDE BUSINESS CENTRE
INVESTMENT SALES OFFERING Marketside Business Centre 820-826 King Street North, Waterloo, Ontario
THE OFFERING DTZ is pleased to offer for sale the Marketside Business Centre, a four building, 66,765 square foot, multi-tenant, flex office/ industrial complex. The property is located within the St. Jacobs Market Area and is easily accessible from Hwy #85. The complex has been well maintained and the buildings are well constructed.
Investment Highlights
•
92% leased to a multi-tenanted roster with staggered rollover
•
Quality built buildings and well maintained property
•
Located in the St. Jacobs Market Area which includes destinations such as - St. Jacobs Farmers Market, St. Jacobs Factory Outlet Market, SmartCentres
•
Mix of office, light industrial and showroom uses
•
Zoning permits a wide range of uses
•
Majority of leases have escalations
Property Summary Marketside Business Centre Site Area Total Building Area Year Built Property Type
4.11 Acres 66,765 SF 2003 (Building A & B) Multi-tenant flex office/industrial
Parking
Ample surface parking; room for expansion
Zoning
Stockyards Industrial/Commercial Area - C8
Services
Hydro, gas, well and septic system
Occupancy Rate
92%
Projected NOI
$562,559
Offering Price
$7,800,000
DTZ | www.dtz.com
S G N N I IO D L T I P U B CRI
S E D •
820 King Street North - Building A: One and two storey masonry multi-unit commercial/ industrial building
•
820 King Street North - Building B: One storey wood frame/steel clad warehouse building
•
826 King Street North - Building A: One and two storey masonry multi-unit commercial/ industrial building
•
826 King Street North - Building B: One storey wood frame/steel clad warehouse building
Ideally Located The city of Waterloo is strategically located in the heartland of southern Ontario, in Waterloo Region. This region is comprised of the urban centres of Cambridge, Kitchener and Waterloo. The City of Waterloo (www.city.waterloo.on.ca) is a dynamic, leading edge community that is committed to the future. Waterloo has a proud reputation for hard work and craftsmanship; these are values every bit as important today as in the past. Companies locating here find a highly skilled and well-trained labour force. A solid base in high technology and advanced manufacturing is complimented by a strong insurance and financial services sector, plus tourism and universityrelated enterprises. Waterloo has the best of both worlds. Surrounded by green farmland and fresh air, the city is a modern, vigorous business and technology community. Small enough to enjoy the best lifestyle, yet Waterloo is close to all amenities of the larger metropolitan areas. It is no wonder that Report on Business Magazine identified Waterloo as one of Canada’s new tech boomtowns.
Darren Shaw, SIOR
Erik Dahm
Senior Vice President Broker of Record (519) 279-1071 [email protected]
Associate Sales Representative (519) 279-1073 [email protected]
820 King Street North, Waterloo, Ontario N2J 4G8 Main (519) 279 4200 Fax (519) 664 1056 www.dtz.com
DTZ | www.dtz.com
INVESTMENT SALES OFFERING Marketside Business Centre 820-826 King Street North, Waterloo, Ontario
THE OFFERING DTZ is pleased to offer for sale the Marketside Business Centre, a four building, 66,765 square foot, multi-tenant, flex office/ industrial complex. The property is located within the St. Jacobs Market Area and is easily accessible from Hwy #85. The complex has been well maintained and the buildings are well constructed.
Investment Highlights
•
92% leased to a multi-tenanted roster with staggered rollover
•
Quality built buildings and well maintained property
•
Located in the St. Jacobs Market Area which includes destinations such as - St. Jacobs Farmers Market, St. Jacobs Factory Outlet Market, SmartCentres
•
Mix of office, light industrial and showroom uses
•
Zoning permits a wide range of uses
•
Majority of leases have escalations
Property Summary Marketside Business Centre Site Area Total Building Area Year Built Property Type
4.11 Acres 66,765 SF 2003 (Building A & B) Multi-tenant flex office/industrial
Parking
Ample surface parking; room for expansion
Zoning
Stockyards Industrial/Commercial Area - C8
Services
Hydro, gas, well and septic system
Occupancy Rate
92%
Projected NOI
$562,559
Offering Price
$7,800,000
DTZ | www.dtz.com
S G N N I IO D L T I P U B CRI
S E D •
820 King Street North - Building A: One and two storey masonry multi-unit commercial/ industrial building
•
820 King Street North - Building B: One storey wood frame/steel clad warehouse building
•
826 King Street North - Building A: One and two storey masonry multi-unit commercial/ industrial building
•
826 King Street North - Building B: One storey wood frame/steel clad warehouse building
Ideally Located The city of Waterloo is strategically located in the heartland of southern Ontario, in Waterloo Region. This region is comprised of the urban centres of Cambridge, Kitchener and Waterloo. The City of Waterloo (www.city.waterloo.on.ca) is a dynamic, leading edge community that is committed to the future. Waterloo has a proud reputation for hard work and craftsmanship; these are values every bit as important today as in the past. Companies locating here find a highly skilled and well-trained labour force. A solid base in high technology and advanced manufacturing is complimented by a strong insurance and financial services sector, plus tourism and universityrelated enterprises. Waterloo has the best of both worlds. Surrounded by green farmland and fresh air, the city is a modern, vigorous business and technology community. Small enough to enjoy the best lifestyle, yet Waterloo is close to all amenities of the larger metropolitan areas. It is no wonder that Report on Business Magazine identified Waterloo as one of Canada’s new tech boomtowns.
Darren Shaw, SIOR
Erik Dahm
Senior Vice President Broker of Record (519) 279-1071 [email protected]
Associate Sales Representative (519) 279-1073 [email protected]
820 King Street North, Waterloo, Ontario N2J 4G8 Main (519) 279 4200 Fax (519) 664 1056 www.dtz.com
DTZ | www.dtz.com
