TORBRAM & MAYFIELD - cbre.ca · PDF fileDATE August 2016 SIZE 45.60 acres PRICE $40,250,000...
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DATE August 2016 SIZE 45.60 acres PRICE $40,250,000 Low Density Residential | Case Study SUBJECT PROPERTY Located at the southwest corner of Torbram Road and Mayfield Road in Brampton, this 45.5-acre site is designated in the Secondary Plan for low density residential development. With approximately 43.1 acres of developable land, this site was highly sought after by many regional and national home builders. Visit CBRE.com/mclsg to read more Case Studies on the CBRE Land Services Group TORBRAM & MAYFIELD BRAMPTON, ON OUR ROLE The Land Services Group was mandated, on an exclusive basis, by a large group of private investors to market and sell this highly valuable piece of real estate. We designed a range of marketing materials which were distributed to our database of pre-qualified purchasers. The property was brought to market using the Modified Tender Process with no asking price. A submission date was set 30 days after the marketing launch. Advertisements were run in the well subscribed planning and development journal Novae Res Urbis. Interested parties were toured around the property. We supported interested purchasers, tracking down required information and ensuring they were aware of all technical information essential to establishing the property’s upside. OUTCOME After extensive negotiations with several interested parties, Stanford Homes and Cedar City developments teamed up to mutually benefit by sharing in their capital resources and local market intelligence. The property closed for $40,250,000, exceeding the pricing expectations set by the vendor. MAYFIELD RD TORBRAM RD
Transcript of TORBRAM & MAYFIELD - cbre.ca · PDF fileDATE August 2016 SIZE 45.60 acres PRICE $40,250,000...
DATE
August 2016
SIZE
45.60 acres
PRICE$40,250,000
Low Density Residential | Case Study
SUBJECT PROPERTY
Located at the southwest corner of Torbram Road and Mayfield Road in Brampton, this 45.5-acre site is designated in the Secondary Plan for low density residential development. With approximately 43.1 acres of developable land, this site was highly sought after by many regional and national home builders.
Visit CBRE.com/mclsg to read more Case Studies on the CBRE Land Services Group
TORBRAM & MAYFIELDBRAMPTON, ON
OUR ROLE
The Land Services Group was mandated, on an exclusive basis, by a large group of private investors to market and sell this highly valuable piece of real estate. We designed a range of marketing materials which were distributed to our database of pre-qualified purchasers. The property was brought to market using the Modified Tender Process with no asking price. A submission date was set 30 days after the marketing launch. Advertisements were run in the well subscribed planning and development journal Novae Res Urbis. Interested parties were toured around the property. We supported interested purchasers, tracking down required information and ensuring they were aware of all technical information essential to establishingthe property’s upside.
OUTCOME
After extensive negotiations with several interested parties, Stanford Homes and Cedar City developments teamed up to mutually benefit by sharing in their capital resources and local market intelligence. The property closed for $40,250,000, exceeding the pricing expectations set by the vendor.
MA
YFIELD RDTORBRAM RD
