RETAIL INVESTMENT OR OWNER-USER OPPORTUNITY
RETAIL INVESTMENT OR OWNER-USER OPPORTUNITY
1988 BLOOR STREET WEST & 10 PARKVIEW GARDENS
SIZE 3,620 sf
The street-front property has excellent visibility at the corner of Bloor Street West and Parkview gardens, with 36 feet of frontage along Bloor Street West. The retail space is currently laid out for single tenant use, but can be demised into multiple units to accommodate smaller tenancies.
CEILING HEIGHT 16 ft OCCUPANCY Vacant PATIO Potential for adding outdoor patio space
1988 Bloor Street West & 10 Parkview Gardens is well situated on the corner of Bloor West and Parkview Gardens, featuring high pedestrian and vehicular traffic as well as ample street parking. The Property is directly adjacent to High Park Subway Station and across from High Park, offering unparalleled access to the Bloor-Danforth Subway Line. The area is home to a wide variety of clothing boutiques, local markets, gourmet grocers and a number of unique pubs and cafés. Neighboring national retailers include Starbucks, The Body Shop, New Balance, and the Wine Shop, to name a few. In recent months, the High Park community has been subject to a dramatic influx of mid to high rise residential proposals, which will only continue to improve the retail landscape of the Bloor West Village. This includes the development of seven additional towers on neighboring streets High Park Ave., Pacific Ave., and Oakmount Rd.
PARKING GARDENS FRONTAGE 90 ft BLOOR STREET FRONTAGE 36 ft ASKING PRICE $3,799,000
VALUE-ADD INVESTMENT OR OWNER-USER RETAIL & OFFICE Three-Tenant Scenario
FLOOR PLANS One-Tenant Scenario
LOCATION
AVE PARK
PROPERTY DETAILS
A rare opportunity for a value-add investor or owner-user to acquire a 100% freehold interest in 1988 Bloor Street West & 10 Parkview Gardens located on the ground floor of The High Park, an award winning, 11-storey landmark residential development by North Drive. The brand new boutique condominium is set for occupancy in April 2017, and features best-in-class construction and highly functional retail design.
HIGH
THE OPPORTUNITY
The Property has great leasing potential with estimated achievable net rents in the $50.00 per sq. ft. range, providing a year-one NOI of approximately $181,000. The limited supply of retail spaces with similar sized floorplates, high ceiling heights and exceptional quality of brand new finishing will boost leasing demand for the Property. The current vacant status and position directly adjacent to the High Park Subway Station make this an ideal user-owner office or user-owner retail opportunity. The space is currently laid out for single occupancy but can be demised to accommodate two to three smaller tenants, making this the perfect space for a growing owner-occupier or a boutique user looking to lease out a portion of their space.
HIGH PARK VILLAGE
BLOOR WEST VILLAGE
RETAIL NEW CONDO DEVELOPMENT
CURRENT IMAGE
OFFERING GUIDELINES Jones Lang LaSalle Real Estate Services, Inc. (the “Advisor”) has been retained by North Drive, (the “Vendor”), on an exclusive basis, to sell 1988 Bloor Street West & 10 Parview Gardens (the “Property”). The Property is offered for sale at a price of $3,799,000 and will be sold on an as-is, where is basis, free and clear of debt. The Vendor’s objective is to maximize sale proceeds while preference will be given to Offers with limited conditionality and timely closing. Offers should be submitted to the attention of Elliot Medoff at Bay Adelaide East, 22 Adelaide Street West, Suite 2600, Toronto, ON, M5H 4E3.
JONES LANG LASALLE REAL ESTATE SERVICES INC. Bay Adelaide East, 22 Adelaide Street West, Suite 2600 Toronto, ON M5H 4E3 tel +1 416 304 6000 fax +1 416 304 6001 www.joneslanglasalle.ca
1988 BLOOR STREET WEST & 10 PARKVIEW GARDENS
SIZE 3,620 sf
The street-front property has excellent visibility at the corner of Bloor Street West and Parkview gardens, with 36 feet of frontage along Bloor Street West. The retail space is currently laid out for single tenant use, but can be demised into multiple units to accommodate smaller tenancies.
CEILING HEIGHT 16 ft OCCUPANCY Vacant PATIO Potential for adding outdoor patio space
1988 Bloor Street West & 10 Parkview Gardens is well situated on the corner of Bloor West and Parkview Gardens, featuring high pedestrian and vehicular traffic as well as ample street parking. The Property is directly adjacent to High Park Subway Station and across from High Park, offering unparalleled access to the Bloor-Danforth Subway Line. The area is home to a wide variety of clothing boutiques, local markets, gourmet grocers and a number of unique pubs and cafés. Neighboring national retailers include Starbucks, The Body Shop, New Balance, and the Wine Shop, to name a few. In recent months, the High Park community has been subject to a dramatic influx of mid to high rise residential proposals, which will only continue to improve the retail landscape of the Bloor West Village. This includes the development of seven additional towers on neighboring streets High Park Ave., Pacific Ave., and Oakmount Rd.
PARKING GARDENS FRONTAGE 90 ft BLOOR STREET FRONTAGE 36 ft ASKING PRICE $3,799,000
VALUE-ADD INVESTMENT OR OWNER-USER RETAIL & OFFICE Three-Tenant Scenario
FLOOR PLANS One-Tenant Scenario
LOCATION
AVE PARK
PROPERTY DETAILS
A rare opportunity for a value-add investor or owner-user to acquire a 100% freehold interest in 1988 Bloor Street West & 10 Parkview Gardens located on the ground floor of The High Park, an award winning, 11-storey landmark residential development by North Drive. The brand new boutique condominium is set for occupancy in April 2017, and features best-in-class construction and highly functional retail design.
HIGH
THE OPPORTUNITY
The Property has great leasing potential with estimated achievable net rents in the $50.00 per sq. ft. range, providing a year-one NOI of approximately $181,000. The limited supply of retail spaces with similar sized floorplates, high ceiling heights and exceptional quality of brand new finishing will boost leasing demand for the Property. The current vacant status and position directly adjacent to the High Park Subway Station make this an ideal user-owner office or user-owner retail opportunity. The space is currently laid out for single occupancy but can be demised to accommodate two to three smaller tenants, making this the perfect space for a growing owner-occupier or a boutique user looking to lease out a portion of their space.
HIGH PARK VILLAGE
BLOOR WEST VILLAGE
RETAIL NEW CONDO DEVELOPMENT
CURRENT IMAGE
OFFERING GUIDELINES Jones Lang LaSalle Real Estate Services, Inc. (the “Advisor”) has been retained by North Drive, (the “Vendor”), on an exclusive basis, to sell 1988 Bloor Street West & 10 Parview Gardens (the “Property”). The Property is offered for sale at a price of $3,799,000 and will be sold on an as-is, where is basis, free and clear of debt. The Vendor’s objective is to maximize sale proceeds while preference will be given to Offers with limited conditionality and timely closing. Offers should be submitted to the attention of Elliot Medoff at Bay Adelaide East, 22 Adelaide Street West, Suite 2600, Toronto, ON, M5H 4E3.
JONES LANG LASALLE REAL ESTATE SERVICES INC. Bay Adelaide East, 22 Adelaide Street West, Suite 2600 Toronto, ON M5H 4E3 tel +1 416 304 6000 fax +1 416 304 6001 www.joneslanglasalle.ca
