PROFESSIONAL/MEDICAL PROPERTY PORTFOLIO
MCKENZIE PROFESSIONAL CENTRE
PLACE ADONCOUR
COOK STREET PLAZA
L’ATRIUM
VICTORIA PROFESSIONAL BUILDING
MEDICAL ARTS CENTRE
VICTORIA MONTREAL MISSISSAUGA
Partnership. Performance.
PROFESSIONAL/MEDICAL PROPERTY PORTFOLIO VICTORIA, BC
INVESTMENT OPPORTUNITY
MISSISSAUGA, ON
•
234,900 sf, 6-property portfolio
MONTREAL, QC
•
Medical/professional office buildings and a retail plaza
•
Located in major Canadian cities
•
Institutionally owned & managed
PROFESSIONAL/MEDICAL PROPERTY PORTFOLIO
VICTORIA, MISSISSAUGA, MONTREAL
THE OPPORTUNIT Y Avison Young has been retained on an exclusive basis to advise on and manage the sale of a portfolio of 6 properties across Canada (the “Portfolio”). This offering presents investors with the opportunity to acquire 5 medical/professional office properties and a retail plaza totaling approximately 234,900 sf of rentable area, located within 3 major Canadian markets. The properties are all within or near large urban centres which provide excellent transit infrastructure and amenities.
BENEFITS FROM LOCATIONS IN VARIOUS LARGE MARKETS • No more than 43% of the Portfolio is located in a single city reducing risk through geographic diversification • Located in areas with strong real estate markets and high population density supporting tenant businesses • Positioned within urban and suburban areas seeing growth and development
DIVERSE TENANT BASE • Tenants include a wide variety of medical practices, health services providers, professional and retail businesses • 89% occupied portfolio with weighted average lease term (“WALT”) of approximately 3.2 years as of April 1, 2017
FUNC TIONAL BUILDING DESIGNS • A wide range of unit sizes able to accommodate a variety of tenants • The buildings have been maintained and operated to a high standard • An opportunity to purchase the buildings at a significant discount to replacement cost
SUBSTANTIAL IN-PLACE NOI & GROW TH POTENTIAL • Substantial in-place NOI provides going-in stability • Opportunity for NOI growth through lease-up of vacant space and contracted rental step-ups
POTENTIAL REDEVELOPMENT OPPORTUNITIES • The Victoria Professional Building is next to Cook Street Plaza providing a rare assembly/redevelopment opportunity in Downtown Victoria • The McKenzie Professional Building is situated on a 2-acre site that is identified by the District as suitable for mixed-used redevelopment Victoria, BC Properties
Mississauga, ON Property
Montreal, QC Properties
PROFESSIONAL/MEDICAL PROPERTY PORTFOLIO
VICTORIA, MISSISSAUGA, MONTREAL
CONSOLIDATED 5 YEAR NOI & CASH FLOW PROJECTION (Starting April - 2017) $5,000 $4,500 $ Thousands
$4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 NOI
Cash Flow
PORTFOLIO SUMMARY
PROPERTY DETAILS Total Rentable Area Year Built SITE DETAILS Total Site Area Parking TENANCY Total No. of Tenants Occupancy Stabilized NOI
PROPERTY DETAILS Total Rentable Area Year Built SITE DETAILS Total Site Area Parking TENANCY Total No. of Tenants Occupancy Stabilized NOI
Victoria Professional Building 1120 Yates Street, Victoria, BC 40,776 sf 1968
Cook Street Plaza 1100 Yates Street, Victoria, BC 8,158 sf 1987
McKenzie Professional Centre 1555-1585 McKenzie Avenue, Victoria, BC 47,157 sf 1976
1.34 acres 127 stalls
0.38 acres 20 stalls
2.00 acres 177 stalls
26 79% $675,000
5 100% $185,000
34 83% $800,000
Medical Arts Centre 71 King Street West, Mississauga, ON 43,645 sf 1990-1991
Place Adoncour 1215 Du Tremblay Road, Longueuil, QC 58,037 sf 2009
L’Atrium Du Sanctuaire 6100 Du Boisé Avenue, Outrement, QC 37,117 sf 1987
1.02 acres 250 stalls
2.54 acres 209 stalls
2.37 acres 379 stalls (Shared)
29 88% $909,000
10 92% $977,000
7 100% $820,000
PROFESSIONAL/MEDICAL PROPERTY PORTFOLIO
VICTORIA, MISSISSAUGA, MONTREAL
Victoria Professional Building
Cook Street Plaza
McKenzie Professional Building
Medical Arts Centre
Place Adoncour
L’Atrium Du Sanctuaire
OFFERING GUIDELINES The Vendor’s preference is to sell the properties as a Portfolio, however a sale of the assets on a regional/provincial basis may be considered. The properties/Portfolio are being offered on an unpriced basis. A confidential information memorandum and online dataroom will be made available for each of the properties upon submission of the executed Listing Broker’s confidentiality agreement. Prospective purchasers shall be advised when a formal bid date has been established.
For more information please contact the listing team: MONTREAL
TORONTO
Thomas (Tom) Godber Principal Chartered Real Estate Broker 514.905.5440 [email protected]
Kelly Avison Principal Sales Representive 416.673.4030 [email protected]
Avison Young 1200 McGill College Avenue Suite 2000 Montréal, QC H3B 4G7 514.940.5330
Avison Young 18 York Street Suite 400 Toronto, ON M5J 2T8 416.955.0000
VANCOUVER Robin White Principal Broker 416.673.4009 [email protected]
Michael Gill Principal 604.647.5067 [email protected] Avison Young 1055 West Georgia Street Suite 2900 Vancouver, BC V6E 3P3 604.687.7331
©2017 Avison Young Commercial Real Estate (Ontario) Inc. All rights reserved. The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.
PLACE ADONCOUR
COOK STREET PLAZA
L’ATRIUM
VICTORIA PROFESSIONAL BUILDING
MEDICAL ARTS CENTRE
VICTORIA MONTREAL MISSISSAUGA
Partnership. Performance.
PROFESSIONAL/MEDICAL PROPERTY PORTFOLIO VICTORIA, BC
INVESTMENT OPPORTUNITY
MISSISSAUGA, ON
•
234,900 sf, 6-property portfolio
MONTREAL, QC
•
Medical/professional office buildings and a retail plaza
•
Located in major Canadian cities
•
Institutionally owned & managed
PROFESSIONAL/MEDICAL PROPERTY PORTFOLIO
VICTORIA, MISSISSAUGA, MONTREAL
THE OPPORTUNIT Y Avison Young has been retained on an exclusive basis to advise on and manage the sale of a portfolio of 6 properties across Canada (the “Portfolio”). This offering presents investors with the opportunity to acquire 5 medical/professional office properties and a retail plaza totaling approximately 234,900 sf of rentable area, located within 3 major Canadian markets. The properties are all within or near large urban centres which provide excellent transit infrastructure and amenities.
BENEFITS FROM LOCATIONS IN VARIOUS LARGE MARKETS • No more than 43% of the Portfolio is located in a single city reducing risk through geographic diversification • Located in areas with strong real estate markets and high population density supporting tenant businesses • Positioned within urban and suburban areas seeing growth and development
DIVERSE TENANT BASE • Tenants include a wide variety of medical practices, health services providers, professional and retail businesses • 89% occupied portfolio with weighted average lease term (“WALT”) of approximately 3.2 years as of April 1, 2017
FUNC TIONAL BUILDING DESIGNS • A wide range of unit sizes able to accommodate a variety of tenants • The buildings have been maintained and operated to a high standard • An opportunity to purchase the buildings at a significant discount to replacement cost
SUBSTANTIAL IN-PLACE NOI & GROW TH POTENTIAL • Substantial in-place NOI provides going-in stability • Opportunity for NOI growth through lease-up of vacant space and contracted rental step-ups
POTENTIAL REDEVELOPMENT OPPORTUNITIES • The Victoria Professional Building is next to Cook Street Plaza providing a rare assembly/redevelopment opportunity in Downtown Victoria • The McKenzie Professional Building is situated on a 2-acre site that is identified by the District as suitable for mixed-used redevelopment Victoria, BC Properties
Mississauga, ON Property
Montreal, QC Properties
PROFESSIONAL/MEDICAL PROPERTY PORTFOLIO
VICTORIA, MISSISSAUGA, MONTREAL
CONSOLIDATED 5 YEAR NOI & CASH FLOW PROJECTION (Starting April - 2017) $5,000 $4,500 $ Thousands
$4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 NOI
Cash Flow
PORTFOLIO SUMMARY
PROPERTY DETAILS Total Rentable Area Year Built SITE DETAILS Total Site Area Parking TENANCY Total No. of Tenants Occupancy Stabilized NOI
PROPERTY DETAILS Total Rentable Area Year Built SITE DETAILS Total Site Area Parking TENANCY Total No. of Tenants Occupancy Stabilized NOI
Victoria Professional Building 1120 Yates Street, Victoria, BC 40,776 sf 1968
Cook Street Plaza 1100 Yates Street, Victoria, BC 8,158 sf 1987
McKenzie Professional Centre 1555-1585 McKenzie Avenue, Victoria, BC 47,157 sf 1976
1.34 acres 127 stalls
0.38 acres 20 stalls
2.00 acres 177 stalls
26 79% $675,000
5 100% $185,000
34 83% $800,000
Medical Arts Centre 71 King Street West, Mississauga, ON 43,645 sf 1990-1991
Place Adoncour 1215 Du Tremblay Road, Longueuil, QC 58,037 sf 2009
L’Atrium Du Sanctuaire 6100 Du Boisé Avenue, Outrement, QC 37,117 sf 1987
1.02 acres 250 stalls
2.54 acres 209 stalls
2.37 acres 379 stalls (Shared)
29 88% $909,000
10 92% $977,000
7 100% $820,000
PROFESSIONAL/MEDICAL PROPERTY PORTFOLIO
VICTORIA, MISSISSAUGA, MONTREAL
Victoria Professional Building
Cook Street Plaza
McKenzie Professional Building
Medical Arts Centre
Place Adoncour
L’Atrium Du Sanctuaire
OFFERING GUIDELINES The Vendor’s preference is to sell the properties as a Portfolio, however a sale of the assets on a regional/provincial basis may be considered. The properties/Portfolio are being offered on an unpriced basis. A confidential information memorandum and online dataroom will be made available for each of the properties upon submission of the executed Listing Broker’s confidentiality agreement. Prospective purchasers shall be advised when a formal bid date has been established.
For more information please contact the listing team: MONTREAL
TORONTO
Thomas (Tom) Godber Principal Chartered Real Estate Broker 514.905.5440 [email protected]
Kelly Avison Principal Sales Representive 416.673.4030 [email protected]
Avison Young 1200 McGill College Avenue Suite 2000 Montréal, QC H3B 4G7 514.940.5330
Avison Young 18 York Street Suite 400 Toronto, ON M5J 2T8 416.955.0000
VANCOUVER Robin White Principal Broker 416.673.4009 [email protected]
Michael Gill Principal 604.647.5067 [email protected] Avison Young 1055 West Georgia Street Suite 2900 Vancouver, BC V6E 3P3 604.687.7331
©2017 Avison Young Commercial Real Estate (Ontario) Inc. All rights reserved. The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.
