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lennard.com For Sale/Lease: Industrial Here is where your business will grow. 11 Spalding Drive 123,780 SF Industrial Building in Brantford, Ontario
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For Sale/Lease: Industrial
Here is where your business will grow.
11 Spalding Drive123,780 SF Industrial Building in Brantford, Ontario
11 Spalding Drive
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Building Overview
11 Spalding Drive has a range of different warehouse areas, along with 7,600 SF of front office. The building can be demised into two more units, providing flexibility for users and investors. With approximately 4 acres of excess land and neighboured by park lands to the East and West, the Spalding Drive corridor is an established commercial and recreational node.
The opportunity consists of a 123,780 SF industrial building located in a diverse commercial and industrial node surrounded by an abundance of amenities. The Building is situated on approximately 10.7 acres of land, providing a low coverage ratio of only 27%, allowing for ample additional land uses or future expansions and re-development.
Asking Price - For Sale
$5,750,000Taxes (2018)
$26,324
Available Space
123,780 SF
Available
Immediately
Office
7,600 SFShipping
6 Truck Level Doors1 Drive-in DoorsClear Height
14’Site
10.7 acresPower
600 V, 2000 A
Asking Price - For Lease
$4.25 - $4.50 PSF
11 Spalding Drive
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What’s Near ByAmenities in the immediate area include; Tim Hortons, McDonalds, Starbucks, Shoppers Drug Mart, Sobeys among many others.
In addition to being surrounding by amenities, 11 Spalding Drive provides efficient transportation to the Greater Toronto Area and key southwestern Ontario markets such as London, Kitchener-Waterloo and Windsor. Highway 403 is located minutes to the north, providing direct connectivity to Highway 401, Ontario’s main east-west corridor stretching from Quebec to Windsor.
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11 Spalding DriveBuilding Site Plan
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11 Spalding Drive
Asking Price - For Lease
$4.50 PSF
Demising Options
Taxes (2018)
$26,324
Available Space
23,000 - 123,780 SFOffice
To Suit
Option 1
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11 Spalding Drive
Asking Price - For Lease
$4.50 PSF
Demising Options
Taxes (2018)
$26,324
Available Space
23,000 - 123,780 SFOffice
To Suit
Option 2
11 Spalding Drive
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11 Spalding DriveExcess Land
Approx. 4 Acres
11 Spalding Drive
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Potential Self-Storage Conversion11 Spalding Drive is an ideal candidate to be converted into a self-storage building. The traditional configuration, and ability to divide the facility into multiple units allows self-storage operators to phase construction while leasing out a portion of the building for additional holding income. The 4 acres of excess land allows for future expansion, and is well configured for the development of drive-up storage units.
The location of 11 Spalding Drive is desirable for a self-storage facility, as it is situated in a high traffic area with excellent exposure. Positioned next to a large retail node, the 11 Spalding Drive facility can be seen from Ballantyne Drive and also from the Sobeys parking lot on Colborne Street West, a main arterial road in Brantford. In addition to having exposure to the neighbouring high-traffic retail area, a municipal baseball diamond and multiple soccer fields that host a variety of recreational and competitive leagues are located on both sides of 11 Spalding Drive. These recreational fields draw a high volume of traffic directly to the Property on a daily basis.
11 Spalding Drive
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Logistical EfficienciesStrategically located in a highly connected transportation hub, Brantford is in proximity to major Canadian and U.S. markets. Situated in a central industrial node, 60% of all manufacturing establishments in North America can be reached within one day by truck, as well as 70% of the Canadian population, 48% of the U.S. population, 10 out of the 12 U.S. industrial markets, and a reach that encompasses 130 million people. The City also has direct access to CN Railway’s Windsor-Quebec Line and Southern Ontario Railway, providing transportation through the railway network as well as three international airports.
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Brantford Market OverviewMulti-Modal TransportationToronto Lester B. Pearson International Airport• Largest airport in Canada• Processes over 45% of air cargo in Canada• Three primary cargo facilities totaling 1.2 million square feet of warehouse space• Five full length CAT I and III runways with 24/7 customs clearance: 3,389 x 60m, 2956 x 60m, 2,743 x 60m,
3,368 x 60m, 2,770 x 60m
John C. Munro Hamilton International Airport• Serves as a reliever for Toronto Lester B. Pearson International Airport• One CAT I runway: 3,050 x 61m• 77,000 square feet warehouse capacity
London International Airport• Air Canada Express, WestJet and WestJet Encore serve London International Airport, along with multiple
cargo airlines• Located only 45 minutes from Brantford• The airport has sparked significant industrial leasing and development activity in the surrounding area
Railway• Direct connection to CN Rail’s Windsor-Quebec Main Line • Southern Ontario Railway operated by Genessee & Wyoming Inc. extends network south east to Nanticoke
Road Infrastructure• Two major arterial thoroughfares, Highway 403 and 401 running east and west respectively link Brantford to
the rest of North America
Growing Education BaseThe City of Brantford sees higher education as a necessary catalyst for economic development, helping to raise the overall education and skill level of the community to support growth sectors in the City and attract public and private investment. Currently, there are two universities and colleges located in the downtown core of Brantford, Wilfrid Laurier University, and Conestoga College. The common programming among the institutions is in the service industries, primarily arts, education, and health, shifting focus to a knowledge based economy.
Wilfrid Laurier University, Brantford Campus
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Brantford Market OverviewEconomic OverviewThe City of Brantford along with the County of Brant was designated as a Census Metropolitan Area (CMA) in 2006, and the combined population has grown beyond 135,000. According to the 2011 Census profile, Brantford’s 8.7% growth rate placed the CMA as the third fastest growing CMA in Ontario, and the 10th fastest in Canada. In 2015, 2017 and 2018, fDi Magazine ranked Brantford 8th in their bi-annual, Top 10 American Micro-Cities of the Future ranking, against 422 cities in North, South, and Central America. The study was based on economic potential, human resources, cost effectiveness, infrastructure, and business friendliness.
Rank Company Industry Employees
1 Ferrero Canada Ltd Food Manufacturing 1155
2 Excel Canada Ltd./ DHL Warehouse & Distribution 410
3 TreeHouse Foods Inc. Food Manufacturing 404
4 Apotex Pharmachem Inc. Chemical Manufacturing 380
5 Aryzta Canada Co Food Manufacturing 335
6 S.C. Johnson & Son Ltd Chemical Manufacturing 300
7 Tigercat Industries Inc. Machinery Manufacturing 289
8 The Marco Corporation Warehouse & Distribution 267
9 Maple Leaf Foods Food Manufacturing 225
10 Atlas Hydraulics Inc Plastic & Rubber Products 200
*Sales Representative **BrokerStatements and information contained are based on the information furnished by principals and sources which we deem reliable but for which we can assume no responsibility. Lennard Commercial Realty, Brokerage 2020.
200-55 University Avenue, Toronto 416.649.5920 lennard.com
Jim McIntosh*, Senior Vice President 905.917.2036 [email protected]
Jay Finch**, Vice President 905.917.2037 [email protected]
Peter De Guerre*, Senior Vice President 416.649.5903 [email protected]
