Greater Toronto Area and Winnipeg Office Portfolio
Opportunity to aggregate a quality boutique, four property portfolio
40 Holly Street,Toronto
300-306 Town Centre Blvd.,Markham
8 Nelson Street West,Brampton
259 Portage Avenue,Winnipeg
IntroductIonKhalid Alenazi Real Estate Limited (the “Vendor”) has retained Cushman & Wakefield Ltd., Brokerage and Avison Young Commercial Real Estate (collectively the “Advisor”) on an exclusive basis to sell a 100% freehold interest in a six building, 412,973 sf Office portfolio, located at 40 Holly Street, Toronto, Ontario; 300, 302 & 306 Town Centre Boulevard, Markham, Ontario; 8 Nelson Street West, Brampton, Ontario and 259 Portage Avenue, Winnipeg, Manitoba (the “Properties” or “Portfolio”).The Portfolio offers investors the opportunity to acquire a number of quality diversified office Properties with the following investment attributes:
unIQuE opportunIty to AcQuIrE An offIcE portfolIo wIth crItIcAl MASS• The Portfolio represents a unique opportunity for an investor to achieve scale through a single transaction.• At over 412,000 sf, this would represent one of the largest openly marketed office portfolios of the last few years.
hIgh QuAlIty phySIcAl ASSEtS• With an average age of approximately 17 years, (accounting for the major Paris Building retrofit), each of the buildings is modern,
efficient and aesthetically pleasing in its design. • Most of the office premises are built out to a significantly high level, with quality leasehold improvements including polished
concrete flooring, exposed ceilings and “smart glass” meeting rooms.• Acquired by the current owner between 2010 and 2011, the Portfolio has been impeccably managed, maintained and operated.
rEducEd rISk through gEogrAphIc dISpErSIon In urbAn cEntrES• No more than 43% of the Portfolio is located in a single municipality, mitigating future cash flow risk. • The buildings are located in the mature office markets of Eglinton (4.5MM sf), Markham (15.7MM sf), Brampton (2.3MM sf)
and Downtown Winnipeg (10.3MM sf), each with mixed and diversified local economies and tenant bases, and relatively stable performance over the last decade.
• All of the Properties are located in either established urban centres or areas undergoing increasing urban intensification.
Greater Toronto Area and Winnipeg Office Portfolio
top tEnAntS by occupIEd ArEAbuilding tenant occupied Area % of portfolio nrA 300-306 Town Centre Blvd. Emerson Electric Canada 35,535 8.6%Paris Building Manitoba Industry 30,361 7.4%300-306 Town Centre Blvd. Medical Pharmacies Group 28,054 6.8%300-306 Town Centre Blvd. Leisureworld Senior Care 27,950 6.8%300-306 Town Centre Blvd. Redline Communications 23,765 5.8% Total Occupied Area 331,865 80.4% Total Vacancy 81,108 19.6% total portfolio 412,973 100.0%
portfolIo SnApShotAddress: 40 holly 300-306 town 8 nelson 259 portage portfolio Street, centre blvd., St. west, Ave., total / toronto Markham brampton winnipeg AverageNumber of Buildings: 1 3 1 1 6Site Area (acres): 0.47 3.81 1.04 0.26 5.58Size (NRA sf): 68,660 174,090 79,493 90,730 412,973Percent NRA of Portfolio: 16.6% 42.2% 19.2% 22.0% 100.0%Storeys: 9 4 6 11 7Floor Space Index: 3.35 1.05 1.75 8.01 3.10Age (years): * 27 13 25 12 17Vacancy Rate: 11.9% 9.8% 53.3% 15.0% 19.6%*The Paris Building had major building system retrofits from 2000 to 2003, originally constructed 1915-1917
long-tErM lEASE ExpoSurE to StAblE crEdIt tEnAncIES• The Portfolio’s cash flow projections are supported by a number
of long term leases to stable credit tenancies in a wide range of industries including government, senior care, engineering, marketing and technology.
• Top 10 tenants by net rentable area account for 48.6% of the Portfolio, with the largest tenant, Emerson Electric, only accounting for 8.6%
• The weighted average remaining lease term of the portfolio is 3.7 years, offering mid-term stability to a purchaser
opportunIty to Add VAluE• With the current Portfolio vacancy rate of 19.6%,
there is immediate net operating income growth opportunity through lease up of vacancy.
• The weighted average in-place net rent is generally less than the market average, offering the opportunity to increase net operating income over time.
• With the existing low densities and increasing local urbanization, therein lies long-term potential for intensification and underlying increase in land value.
Greater Toronto Area and Winnipeg Office Portfolio
For more information, please contact any of the undersigned listing agents.
These statements are based upon the information furnished by the principal and sources, which we deem reliable - for which we assume no responsibility and is subject to verification during a formal due diligence period. This submission is made subject to prior sale, change in price or terms, or withdrawal without notice. Prospective purchasers should not construe this information as legal or tax advice. Legal counsel, accountants or other advisors should be consulted, if desired, on matters related to this presentation. * Broker ** Sales Representative
33 Yonge Street, Suite 1000Toronto, Ontario M5E 1S9
Main: (416) 862-0611 Fax: (416) 359-2613
18 York Street, Suite 400Toronto, Ontario M5J 2T8
Main: (416) 955-0000 Fax: (416) 955-0724
nIcholAS kEndrEw*(416) 359-2441
nIck yAnoVSkI*(416) 359-2554
J. rIchArd chIlcott**(416) 673-4053
JonAthAn yuAn**(416) 673-4073
offErIng procESSInterested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving the information on the Offering. Interested parties will be invited to submit a Letter of Intent (“LOI”), to be furnished through the Advisor. Submission of LOIs will be on a specific date that will be communicated by the Advisor at least seven (7) days in advance.
Greater Toronto Area Properties Winnipeg Property
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40 HOLLY ST
300, 302, 306 TOWN CENTRE BLVD
8 NELSON ST W
Greater Toronto Area and Winnipeg Office Portfolio
