RETAIL PLAZA FOR SALE
RETAIL PLAZA FOR SALE 691 SOMERSET STREET WEST
A TCN Worldwide Member
390 MARCHOTTAWA, ROAD, ON OTTAWA, ON Property highlights include: • ±13,770 square feet of GLA • 2 storey retail streetfront property located at the entrance to Ottawa’s Chinatown neighbourhood • Tenants include Ben Ben Restaurant, Nancy Hair Studio, Tim Tech, and Oriental Chu Shing Restaurant • Located at the corner of Somerset and Cambridge Street • ± 29 parking spaces located in the single storey underground parking garage accessible via on Cambridge Street • Located less than 1km from Ottawa’s downtown Core • Zoning: TM[112] H(16) Traditional Mainstreet Zone • Land size: 7,600 square feet • Frontage of 100 feet by 76 feet depth • All tenants are on NNN Leases • Net Operating Income for 2016 is projected $267,635
• Asking price: $4,500,000 PRIMECORP COMMERCIAL REALTY INC., BROKERAGE
Exclusively listed, please contact:
JOHANNA OAKLEY
AAIDA OAKLEY
613.722.2020 ext. 247 Mobile: 613.277.7643 [email protected]
613.722.2020 ext. 235 Mobile: 613.266.4270 [email protected]
Sales Representative
Broker
OTTAWA OFFICE
275 Bank Street, Suite 301 Ottawa, ON K2P 2L6 Tel: 613.722.2020 Fax: 613.722.9898
Commercial Investment Sales | Multi-Residential Investment Sales Retail Leasing | Office Leasing | Property Management
@Primecorp1
/Primecorp.Realty
WWW.PRIMECORP.CA Toll free : 1.888.720.2020
MAKING A DIFFERENCE LEASING & SELLING REAL ESTATE
RETAIL PLAZA FOR SALE 691 SOMERSET STREET WEST
A TCN Worldwide Member
390 MARCHOTTAWA, ROAD, ON OTTAWA, ON
RENT ROLL Suite 697 693 695 691 Total
Tenant Ben Ben Restaurant Nancy Hair Studio Tim Tech Oriental Chu Shing Restaurant
Start Date 01-Jun-14 01-Nov-12 01-May-15 31-Oct-13
Expiry Date 31-May-18 31-Oct-22 30-Apr-25 31-Oct-18
Area (SF) 1,370 800 800 10,800 13,700
Net Rent (Annual) $ PSF $ Amount $35.50 $48,635 $20.25 $16,200 $28.50 $22,800 $16.67 $180,000 $267,635
These statements are based upon the information furnished by the principal and sources which we deem reliable for which we assume no responsibility. This submission is made subject to prior sale, changes in price or terms, or withdrawal with notice. Prospective purchasers or tenants should not construe this information as legal or tax advice. Legal counsel, accountants or other advisors should be consulted, if desired, on matters related to this presentation.
MAKING A DIFFERENCE LEASING & SELLING REAL ESTATE
OTTAWA TORONTO GATINEAU MONTREAL WWW.PRIMECORP.CA
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RETAIL PLAZA FOR SALE 691 SOMERSET STREET WEST
A TCN Worldwide Member
390 MARCHOTTAWA, ROAD, ON OTTAWA, ON
AERIAL VIEW OF NEIGHBOURHOOD
SNAPSHOT OF AREA Somerset Street is one of the most diverse and exciting streets in Ottawa’s downtown. Located in the middle of some of Ottawa’s most anticipated development plans, Somerset Street West has a plethora of amenities and residential areas within walking distance in every direction. Just north of Somerset is The Canadian War Museum and the Lebreton Flats, which are the last significant undeveloped piece of land in downtown Ottawa. Located on the North West corner of Somerset Street West and Cambridge St, the property offers high visibility and a prominent location near the Chinatown Royal Arch, a cultural gateway and tourist attraction. Bronson Avenue is the nearest arterial cross street and is located less than 500m from the subject property. Highway access and travel to Quebec are both within 2km of the subject property.
These statements are based upon the information furnished by the principal and sources which we deem reliable for which we assume no responsibility. This submission is made subject to prior sale, changes in price or terms, or withdrawal with notice. Prospective purchasers or tenants should not construe this information as legal or tax advice. Legal counsel, accountants or other advisors should be consulted, if desired, on matters related to this presentation.
MAKING A DIFFERENCE LEASING & SELLING REAL ESTATE
OTTAWA TORONTO GATINEAU MONTREAL WWW.PRIMECORP.CA
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3
A TCN Worldwide Member
390 MARCHOTTAWA, ROAD, ON OTTAWA, ON Property highlights include: • ±13,770 square feet of GLA • 2 storey retail streetfront property located at the entrance to Ottawa’s Chinatown neighbourhood • Tenants include Ben Ben Restaurant, Nancy Hair Studio, Tim Tech, and Oriental Chu Shing Restaurant • Located at the corner of Somerset and Cambridge Street • ± 29 parking spaces located in the single storey underground parking garage accessible via on Cambridge Street • Located less than 1km from Ottawa’s downtown Core • Zoning: TM[112] H(16) Traditional Mainstreet Zone • Land size: 7,600 square feet • Frontage of 100 feet by 76 feet depth • All tenants are on NNN Leases • Net Operating Income for 2016 is projected $267,635
• Asking price: $4,500,000 PRIMECORP COMMERCIAL REALTY INC., BROKERAGE
Exclusively listed, please contact:
JOHANNA OAKLEY
AAIDA OAKLEY
613.722.2020 ext. 247 Mobile: 613.277.7643 [email protected]
613.722.2020 ext. 235 Mobile: 613.266.4270 [email protected]
Sales Representative
Broker
OTTAWA OFFICE
275 Bank Street, Suite 301 Ottawa, ON K2P 2L6 Tel: 613.722.2020 Fax: 613.722.9898
Commercial Investment Sales | Multi-Residential Investment Sales Retail Leasing | Office Leasing | Property Management
@Primecorp1
/Primecorp.Realty
WWW.PRIMECORP.CA Toll free : 1.888.720.2020
MAKING A DIFFERENCE LEASING & SELLING REAL ESTATE
RETAIL PLAZA FOR SALE 691 SOMERSET STREET WEST
A TCN Worldwide Member
390 MARCHOTTAWA, ROAD, ON OTTAWA, ON
RENT ROLL Suite 697 693 695 691 Total
Tenant Ben Ben Restaurant Nancy Hair Studio Tim Tech Oriental Chu Shing Restaurant
Start Date 01-Jun-14 01-Nov-12 01-May-15 31-Oct-13
Expiry Date 31-May-18 31-Oct-22 30-Apr-25 31-Oct-18
Area (SF) 1,370 800 800 10,800 13,700
Net Rent (Annual) $ PSF $ Amount $35.50 $48,635 $20.25 $16,200 $28.50 $22,800 $16.67 $180,000 $267,635
These statements are based upon the information furnished by the principal and sources which we deem reliable for which we assume no responsibility. This submission is made subject to prior sale, changes in price or terms, or withdrawal with notice. Prospective purchasers or tenants should not construe this information as legal or tax advice. Legal counsel, accountants or other advisors should be consulted, if desired, on matters related to this presentation.
MAKING A DIFFERENCE LEASING & SELLING REAL ESTATE
OTTAWA TORONTO GATINEAU MONTREAL WWW.PRIMECORP.CA
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RETAIL PLAZA FOR SALE 691 SOMERSET STREET WEST
A TCN Worldwide Member
390 MARCHOTTAWA, ROAD, ON OTTAWA, ON
AERIAL VIEW OF NEIGHBOURHOOD
SNAPSHOT OF AREA Somerset Street is one of the most diverse and exciting streets in Ottawa’s downtown. Located in the middle of some of Ottawa’s most anticipated development plans, Somerset Street West has a plethora of amenities and residential areas within walking distance in every direction. Just north of Somerset is The Canadian War Museum and the Lebreton Flats, which are the last significant undeveloped piece of land in downtown Ottawa. Located on the North West corner of Somerset Street West and Cambridge St, the property offers high visibility and a prominent location near the Chinatown Royal Arch, a cultural gateway and tourist attraction. Bronson Avenue is the nearest arterial cross street and is located less than 500m from the subject property. Highway access and travel to Quebec are both within 2km of the subject property.
These statements are based upon the information furnished by the principal and sources which we deem reliable for which we assume no responsibility. This submission is made subject to prior sale, changes in price or terms, or withdrawal with notice. Prospective purchasers or tenants should not construe this information as legal or tax advice. Legal counsel, accountants or other advisors should be consulted, if desired, on matters related to this presentation.
MAKING A DIFFERENCE LEASING & SELLING REAL ESTATE
OTTAWA TORONTO GATINEAU MONTREAL WWW.PRIMECORP.CA
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