For Sale
Asking Price:
$1,395,000.00
613 542 2724 www.dtzeasternontario.com
For SaleWarehouse/Office/Retail Building
Stacey MacDonald, Broker [email protected]
For more information, please contact:
DTZ Eastern Ontario Limited, Real Estate Brokerage, Independently Owned and OperatedThe Royal Block Building, 420-366 King Street East, Kingston, ON K7K 6Y3
Although the information contained in this brochure is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, priorlease, withdrawal or other changes without notice and same should not be relied upon without independent verification. DTZ Eastern Ontario Limited, Real Estate Brokerage. DTZ1
EASTERN ONTARIO LIMITED EASTERN ONTARIO LIMITED
RETAIL PLAZA: 43,000+/- sf total
Ground floor retail 12,156+/- sf
Second Floor Office 5,856+/- sf
Warehouse 25,000+/- sf*All measurements to be verified
PROPERTY SIZE: 4+/- acres
LOCATION: Within the Elizabethtown
Township Industrial Park
3011 HIGHWAY 293011 HIGHWAY 29
BROCKVILLE
Two International Bridgesto the US• 1000 Islands Bridge -
18 km west• Seaway Skyway Bridge -
16 km east
RailOn both CN/CP rail lines (forthe subject property, CP Railsiding is available adjacent tothe park boundary)
Population - Brockville CMA39,024 (Statistics Canada 2011)
LocationThe City of Brockville is situatedon the Highway 401 corridorbetween Detroit and Montreal -A market of 135 million peoplewithin one day’s truckingdistance.
Deep sea port19 km east
Quality of life• 1000 Islands • Unique historic city• Fresh water diving• World class rowing• VIA Rail
Labour/Training/Skills • HRDC transitional program
funds• Employment Education
Centre• Job fairs• Skills inventory available
TelecommunicationInfrastructure• High band/high speed
capability through BellCanada and AT&T fibrelines
• Advanced switching DSLservice
• Designated as a megalinkand microlink servicingarea
The City of Brockville
• Metro Toronto - 340 km west• Kingston - 75 km west• Montreal - 210 km east• Ottawa - 110 km northeast
PROXIMITY TO:
Warehouse/Office/Retail
Building 3011 Highway 29,
BROCKVILLE, ON
Commercial Retail Plaza for Sale3011 Highway 29, Brockville, Ontario
Building Composition
breakdown by Tenancy
43,000+/- sf total (to be further
verified)
Hendrix - 7,700 sf total
Ground floor retail - 5,000 sf
Second floor office - 2,700
Warehouse - 22,788
*Hendrix is vacating warehouse
portion ONLY within the next 6
months, leaving the warehouse
available
Custom Decor Carpet One -
12,070 sf
Ground floor retail - 5,000 sf
Rear showroom retail - 2, 070 sf
Second floor office - 2,700 sf
Warehouse - 2,300 sf
Building age
• Original building built in 1972
• Retail portion built in 1985
• Warehouse addition built in 2009
Building construction
• Wood and steel columns, with
corrugated metal exterior
• Steel roof
Ceiling Heights
• Warehouse - 12’ - 21’
• Retail/Office - 31’
Loading doors
• 3 grade level doors
• 2 interior overhead doors
Heating and Cooling
• Warehouse - 7 suspended gas
heaters, no cooling
• Retail/office - 2 x 10 tonne gas
fired Lennox HVAC units
Electrical
400 amp, 240 volt
3011 Highway 29 (Hendrix/Design Decor Building)Income & Expense Pro-Forma
(as reconstructed by broker, as at October 2013)
REVENUE
Rental Income (Retail) (10,000 sf @ $7.00 psf) $70,000.00
Rental Income (Office) (5,400 sf @ $5.00 psf) $27,000.00
Rental Income (Rear Showroom) (2,070 sf @ $5.00 psf) $10,350.00
Rental Income (Warehouse) (25,000 sf @ $3.00 psf) $75,000.00
Recoverable Expenses:
(Taxes & CAM @ $1.11 psf of 43,000 sf Plaza - ) $47,730.00
Potential Gross Income $230,080.00
Less: Total Vacancy and Bad Debt Allowance: $16,934.00
Effective Gross Income: $213,146.00
OPERATING EXPENSES (2011)
Realty Taxes $23,021.00
Insurance $3,082.00
Property Management (5% of Gross Monthly Revenue) $8,720.00
General Repairs & Maintenance (5% of Gross Monthly Revenue) $4,800.00
Utilites (Hydro-Outdoor Sign only) $1,117.00
Septic Tank Pump Out $3,500.00
Snow Removal/Landscaping/Grading $4,450.00
Total Expenses: $48,690.00
Net Operating Income $164,456.00
*The information above is compiled from information supplied by the Owner andprojected amounts based on industry sources.
DTZ Eastern Ontario Limited 613 542 2724 www.dtzeasternontario.com
EASTERN ONTARIO LIMITED
Lighting
• Warehouse - fluorescent row lighting• Retail/office - fluorescent lay-in tube
lighting and metal halide
Parking
• Paved parking area at the plazafront
• Gravel at side and rear of building
Services
• Water and sewer are provided bydrilled well and 4 x 1000 gallonholding tanks (2 original tanks and 2added in 1997)
• Services are separated for eachtenant
Other improvements
• Fully insulated warehouse• New concrete floor in 2008
Access
The property has three points ofaccess, two from Coons Road andone from Highway 29
Zoning
MPB - Township of Elizabethtown-Kitley Bylaw 13.21
PIN
441560230
Legal description
BLK 3, 5-6 PL 363; PT LT 16 CON 3ELIZABETHTOWN AS IN LR275720,S/T LR275720; S/T LR116488;ELIZABETHTOWN-KITLEY
Seller
1219871 Ontario Ltd.
Realty taxes (2013)
$23,021.00
Floor plans
On file - available through Broker
FULLY LEASED!
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