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6728-6742 Saint-Laurent Boulevard - JLL Property Saint... · 6728-6742 Saint-Laurent Boulevard...

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Mark Sinnett Executive Vice President Capital Markets Real Estate Broker Jones Lang LaSalle T. +1 514 667 5696 [email protected] Armen Markarian Associate Capital Markets Commercial Real Estate Broker Jones Lang LaSalle T. +1 514 667 5695 [email protected] 6728-6742 Saint-Laurent Boulevard Montréal, Québec An approximately 9,287-square-foot semi-commercial building available for sale or for lease in the heart of Montréal’s iconic Little Italy district.
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Page 1: 6728-6742 Saint-Laurent Boulevard - JLL Property Saint... · 6728-6742 Saint-Laurent Boulevard Montréal, Québec An approximately 9,287-square-foot semi-commercial building available

Mark SinnettExecutive Vice PresidentCapital MarketsReal Estate BrokerJones Lang LaSalleT. +1 514 667 [email protected]

Armen MarkarianAssociateCapital MarketsCommercial Real Estate BrokerJones Lang LaSalleT. +1 514 667 [email protected]

6728-6742 Saint-Laurent BoulevardMontréal, QuébecAn approximately 9,287-square-foot semi-commercial building available for sale or for lease in the heart of Montréal’s iconic Little Italy district.

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Page 2

Highlights

Legal DescriptionLot # 1 867 675 (Cadastre du Québec)

Site Area4,365 SF (405.5 m2)

Frontage50’ (15.24 m)

Building Area9,287 SF (862.8 m2)

Year Built1965

Storeys3

ZoningPermitted uses: Commercial (C.4C), industrial (I.1C) and residential (H).Maximum Height: 4 storeys or 46’ (14 m).Maximum Density: 4.5 times the lot area.Maximum Coverage: 100% of the lot area.

Municipal AssessmentLand: $ 320,300.00Building: $1,168.800.00TOTAL: $1,489,100.00

Tax RollMunicipal Taxes: $ 35,970.82School Tax: $ 2,511.70TOTAL: $ 38,482.52

Building FeaturesFaçade redone in 2005.Roof redone in early 2000s.Partially finished basement.

Asking Price$1,700,000

Net Asking Rent$25.00 psf

Approximately 9,287-square-foot semi-commercial building available for sale or for lease in the heart of Montréal’s iconic Little Italy district

6728-6742 Saint-Laurent Boulevard, Montréal

6728-6742 Saint-Laurent Boulevard

Jarry Park Jean-Talon Market

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Page 36728-6742 Saint-Laurent Boulevard, Montréal

Certificate of Location

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Location Overview: Saint-Laurent Boulevard and Little Italy

The subject property is located on Saint-Laurent Boulevard in the heart of the Little Italy district, the bastion of Montréal’s Italian community since the 19th century. This area is known for its special atmosphere, where easy-going meets jetset, backyards give way to tomato plants and grape vines, soccer is a way of life and the air is perfumed with the aroma of mouth-watering pasta sauce. The area is home to a wide variety of Italian-Canada owned shops and restaurants (such as Evangelista Sports, Milano, Bar Sportivo, and Pomodoro) as well as the popular Jean-Talon Market, North America’s largest public market, and the Church of the Madonna della Difesa.

However, just beyond, is a vibrant, fast-changing sector, that has seen an influx of artists, designers, and architects who are moving out of the downtown core to benefit from large customizable lofts, affordable parking, proximity to public transit, and a wide array of services and amenities, including some of Montréal’s trendiest bars and restaurants. The area’s biggest change however will be the construction of Université de Montréal’s new Outremont campus, which will redevelop the former CP rail yards that stretch from Rockland to du Parc Avenues. This 2.4 million square feet project will include LEED-certified classrooms and amphitheatres, research centers, student residence halls as well as 1,500 private apartments. The $350 million project will be concluded in 2019. In line with this project, the City of Montréal is discussing a number of urban planning initiatives, including widening the sidewalks and creating a bike-path along Marconi Street.

Private developers have also rushed to the area attracted by the increased demand for addordable office space that can meet the needs of Montréal’s creative industries (namely, R&D, gaming, design and think media companies). Approximately one million square feet of office space are currently planned. For example, Kevric invested $35 million to convert two former textile manufacturing buildings located at 7250 Mile End (8 storeys of 40,000 SF each) and 280 Faillon Street (80,000 SF of commercial-office space). Montoni has transformed 7250 Marconi Street into a LEED-certified 85,000 SF office building.

A number of important residential redevelopment projects are also underway, as Outremont’s former industrial park is rezoned to residential and developers take advantage of the high density of amenities available in the area. Les Cours Mile-Ex sold out its 12-unit residential project located at 7092 Saint-Urbain Street. McGill Dev is also promoting the second phase of its Castelnau project, featuring 114 units ranging between $169,000 and $600,000. Mi’X is a 28-unit project of lofts and 1 or 2 bedroom condos ranging from 571 to 895 SF, to be delivered in 2015. Le Marconi, a three-phase, 72 unit projects, will feature 1, 2, and 3 bedroom units with mezzanines and private terraces only a few steps from Outremont’s popular Van Horne and Bernard Avenues, the Castelnau and Outremont metro stations, Jarry Parc, Little Italy and Jean-Talon Market.

Services and Amenities

The Property benefits from its proximity to a wide array of services and amenities, which will only increase with the many changes currently underway in the area. Its location on one of Montréal’s main thoroughfares ensures heavy pedestrian and automobile traffic: indeed, Saint-Laurent Boulevard connects the area to the downtown core, as well as to the neighbouring boroughs of Outremont, Villeray–Saint-Michel–Parc-Extension and Plateau-MontRoyal, and Highway 40, just a few minutes north of the 6728-6740 Saint-Laurent Boulevard. Buses 55 and 363 run frequently and connect to de Castelnau metro station. The area, though, is home to Parc, Outremont and Acadie metro stations, all within a 15 minute walk.

Beyond Little Italy’s distinct retail node, the property benefits from easy accessibility to Jean-Talon Street, a bustling diverse commercial environment that inludes such retailers as McDonald’s, Bank of Montréal, Loblaws, Joe Fresh, TD Bank, and CIBC. And just a few minutes west of the property are Du Parc Avenue’s bright lights and trendy bars and restaurants - such as Café L’Artère, Bar AlexandraPlatz and Le Pick Up Restaurant - draw a steady clientele from neighbouring boroughs for post-work drinks.

The area is also well-known for Jarry Park, one of Montréal’s largest (with 89 acres) and most popular, which features the Uniprix Stadium as well as to numerous softball, cricket and soccer fields, a skate park, tennis and basketball courts, a public pool and an artificial lake.

6728-6742 Saint-Laurent Boulevard, Montréal

Great location near all services and amenities in a trendy area.

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Retail Environment

6728-6742 Saint-Laurent Boulevard, Montréal

6728-6740 Saint-Laurent Boulevard

Saint-L

aure

nt B

oulev

ard

Saint-Zotique Street East

Jean-Talon Street East

Beaubien Street East

Université de Montréal

Jean-Talon Market

6728-6742 Saint-Laurent Boulevard

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Page 6Page 66728-6742 Saint-Laurent Boulevard, Montréal

Strong co-tenancy and a vibrant retail environment that drive heavy pedestrian and automobile traffic.

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© 2015 Jones Lang LaSalle, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.Jones Lang LaSalle Real Estate Services, Inc., Real Estate Agency

About the Commercial and Retail Properties GroupJLL’s Commercial and Retail Properties Group specializes in the acquisition, disposition and leasing of commercial, semi-commercial and retail properties both in the Greater Montréal Area and throughout the province. The group offers:• Acquisition and disposition services;• Leasing and landlord representation services;• Asset review and financial analysis; and• Investment strategy development and due diligence support.Our main objective is to ensure that our clients receive maximum value for their real estate investments. Our approach, tools and processes have all been optimized to meet this goal, allowing us to successfully transact the majority of our assignments. In addition to our 20 years of cumulative experience, we offer industry-leading research, market intelligence, and unmatched exposure to investors, retailers, users, and developers across the country.

About JLLJLL (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management.

Jones Lang LaSalle Real Estate Services Inc.Real Estate Agency1 Place Ville Marie, Suite 2121Montréal, Québec, H3B 2C6Tel. +1 514 849 8849www.jll.ca

Mark SinnettExecutive Vice PresidentCommercial and Retail Properties GroupReal Estate BrokerJones Lang LaSalleT. +1 514 667 [email protected]

Armen MarkarianAssociateCommercial and Retail Properties GroupCommercial Real Estate BrokerJones Lang LaSalleT. +1 514 667 [email protected]


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