3295 Derry Rd. Executive Summary (Aug.5.2015)

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OFFERING SUMMARY Price $4,500,000 Down Payment (0%) $0 Loan Amount $4,500,000 Loan Type All Cash Interest Rate 0.000% Total Rentable SF 20,769 Price Per SF $216.67 Year Built 1988 Cap Rate - Current 4.17% Cap Rate - Pro Forma 5.67% This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of © 2015 Marcus & Millichap (Activity ID: W3010139 Property ID: 2019099) E X C L U S I V E M I X E D - U S E O F F E R I N G POWER OF SALE INVESTMENT HIGHLIGHTS Gross Leasable area of 20,769 SF 1.64 Acres of Land Purpose Built Dealership Leased to Kia Dealership 6,223 SF Vacant on Second Level Allowing for Upside in NOI Over 600 Feet of Street Frontage C3 Zoning Permits an Abundance of Commercial Uses High Traffic Area over 41,889 cars pass the property on a daily basis (2011) Current NOI $187,709 Potential For Further NOI Growth Please submit offers by 3:00 pm on Tuesday September 8, 2015 OFFICE & R ETAIL 3295 D ERRY R OAD E AST - P OWER OF S ALE 3295 Derry Road East Mississauga, Ontario L4T 1A8 Listed by: ANTHONY MARTINO SALES REPRESENTATIVE Tel: 416-585-4684 Fax: (416) 585-4645 License: 4738588 [email protected] www.marcusmillichap.com/AnthonyMartino SEAN BOYLE Broker Tel: (416) 585-4646 Fax: (416) 585-4645 License: 3013529 [email protected] www.marcusmillichap.com/SeanBoyle Offices Nationwide www.marcusmillichap.com 20 Queen Street W, Suite 2300 Toronto, Ontario M5H 3R3 Tel: (416) 585 -4646 Fax: (416) 585-4645

Transcript of 3295 Derry Rd. Executive Summary (Aug.5.2015)

Page 1: 3295 Derry Rd. Executive Summary (Aug.5.2015)

OFFERING SUMMARY

Price $4,500,000

Down Payment (0%) $0

Loan Amount $4,500,000

Loan Type All Cash

Interest Rate 0.000%

Total Rentable SF 20,769

Price Per SF $216.67

Year Built 1988

Cap Rate - Current 4.17%

Cap Rate - Pro Forma 5.67%

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of © 2015 Marcus & Millichap

(Activity ID: W3010139 Property ID: 2019099)

E X C L U S I V E M I X E D - U S E O F F E R I N G

POWER OF SALE INVESTMENT HIGHLIGHTS

Gross Leasable area of 20,769 SF

1.64 Acres of Land

Purpose Built Dealership Leased to Kia Dealership

6,223 SF Vacant on Second Level Allowing for Upside in NOI

Over 600 Feet of Street Frontage

C3 Zoning Permits an Abundance of Commercial Uses

High Traffic Area over 41,889 cars pass the property on a daily basis (2011)

Current NOI $187,709 Potential For Further NOI Growth

Please submit offers by 3:00 pm on Tuesday September 8, 2015

OFFICE & RETAIL

3295 DERRY ROAD EAST - POWER OF

SALE 3295 Derry Road East Mississauga, Ontario L4T 1A8

Listed by:

ANTHONY MARTINO SALES REPRESENTATIVE

Tel: 416-585-4684 Fax: (416) 585-4645

License: 4738588 [email protected]

www.marcusmillichap.com/AnthonyMartino

SEAN BOYLE Broker

Tel: (416) 585-4646 Fax: (416) 585-4645

License: 3013529 [email protected]

www.marcusmillichap.com/SeanBoyle

Off i ces Na t ionw ide www .m arcusm i l l i chap .com 20 Queen S t ree t W , Su i te 2300

Toronto , Ontar io M 5H 3R3 • Te l : (416 ) 585 -464 6 Fax: (416 ) 585 -464 5

Page 2: 3295 Derry Rd. Executive Summary (Aug.5.2015)

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services (Canada) Inc. Brokerage is a service mark of © 2015 Marcus & Millichap (Activity ID: W3010139 Property ID: 2019099)

INVESTMENT OVERVIEW

Marcus & Millichap is pleased to present the opportunity to

purchase a purpose built automotive dealership building

located on Derry Road East in Mississauga, ON.

Mississauga is the sixth largest city in Canada. Situated in

Southern, ON, it lies on the shores of Lake Ontario, located

in the Regional Municipality of Peel, in the central part of

the GTA, to the west of Toronto. Mississauga was also

rated as Canada's 11th best city to live in in terms of

prosperity according to Money Sense Magazine. Pearson

International Airport, Canada's busiest airport, is located in

this city, and it is the location of many major corporate

headquarters for Canada. Over 60 of the Fortune 500

companies base their Global or Canadian Head offices in

Mississauga.

The property is improved with two stand-alone buildings

with a total gross floor area of approximately 20,769 square

feet. There is approximately 6,223 square feet of vacant

office space available on the second level of the dealership

building.

Property is strategically located near Highways 401, 407,

409, 427, & 27

Offers are to be submitted no later than 3:00 p.m. on

Tuesday September 8, 2015.

20 Queen Street W Suite 2300

Toronto, Ontario M5H 3R3 Tel: (416) 585-4646

Fax: (416) 585-4645

www.marcusmillichap.com

OPERATING DATA

Income

Current Pro Forma

Retail - Gross Potential Rent $187,609 $198,960

Office - Gross Potential Rent $56,007 $56,007

Combined Gross Potential Rent $243,616 $254,967

Gross Potential Income $243,616 $254,967

Less: Vacancy/Collection Allow. $56,007

Effective Gross Income $187,609 $254,967

Net Operating Income $187,609 $254,967