3295 derry rd. executive summary (aug.5.2015)
TRANSCRIPT
OFFERING SUMMARY
Price $4,500,000
Down Payment (0%) $0
Loan Amount $4,500,000
Loan Type All Cash
Interest Rate 0.000%
Total Rentable SF 20,769
Price Per SF $216.67
Year Built 1988
Cap Rate - Current 4.17%
Cap Rate - Pro Forma 5.67%
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of © 2015 Marcus & Millichap
(Activity ID: W3010139 Property ID: 2019099)
E X C L U S I V E M I X E D - U S E O F F E R I N G
POWER OF SALE INVESTMENT HIGHLIGHTS
Gross Leasable area of 20,769 SF
1.64 Acres of Land
Purpose Built Dealership Leased to Kia Dealership
6,223 SF Vacant on Second Level Allowing for Upside in NOI
Over 600 Feet of Street Frontage
C3 Zoning Permits an Abundance of Commercial Uses
High Traffic Area over 41,889 cars pass the property on a daily basis (2011)
Current NOI $187,709 Potential For Further NOI Growth
Please submit offers by 3:00 pm on Tuesday September 8, 2015
OFFICE & RETAIL
3295 DERRY ROAD EAST - POWER OF
SALE 3295 Derry Road East Mississauga, Ontario L4T 1A8
Listed by:
ANTHONY MARTINO SALES REPRESENTATIVE
Tel: 416-585-4684 Fax: (416) 585-4645
License: 4738588 [email protected]
www.marcusmillichap.com/AnthonyMartino
SEAN BOYLE Broker
Tel: (416) 585-4646 Fax: (416) 585-4645
License: 3013529 [email protected]
www.marcusmillichap.com/SeanBoyle
Off i ces Na t ionw ide www .m arcusm i l l i chap .com 20 Queen S t ree t W , Su i te 2300
Toronto , Ontar io M 5H 3R3 • Te l : (416 ) 585 -464 6 Fax: (416 ) 585 -464 5
3 2 9 5 D E R R Y R O A D E A S T • M I S S I S S A U G A , O N T A R I O L 4 T 1 A 8
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services (Canada) Inc. Brokerage is a service mark of © 2015 Marcus & Millichap (Activity ID: W3010139 Property ID: 2019099)
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to present the opportunity to
purchase a purpose built automotive dealership building
located on Derry Road East in Mississauga, ON.
Mississauga is the sixth largest city in Canada. Situated in
Southern, ON, it lies on the shores of Lake Ontario, located
in the Regional Municipality of Peel, in the central part of
the GTA, to the west of Toronto. Mississauga was also
rated as Canada's 11th best city to live in in terms of
prosperity according to Money Sense Magazine. Pearson
International Airport, Canada's busiest airport, is located in
this city, and it is the location of many major corporate
headquarters for Canada. Over 60 of the Fortune 500
companies base their Global or Canadian Head offices in
Mississauga.
The property is improved with two stand-alone buildings
with a total gross floor area of approximately 20,769 square
feet. There is approximately 6,223 square feet of vacant
office space available on the second level of the dealership
building.
Property is strategically located near Highways 401, 407,
409, 427, & 27
Offers are to be submitted no later than 3:00 p.m. on
Tuesday September 8, 2015.
20 Queen Street W Suite 2300
Toronto, Ontario M5H 3R3 Tel: (416) 585-4646
Fax: (416) 585-4645
www.marcusmillichap.com
OPERATING DATA
Income
Current Pro Forma
Retail - Gross Potential Rent $187,609 $198,960
Office - Gross Potential Rent $56,007 $56,007
Combined Gross Potential Rent $243,616 $254,967
Gross Potential Income $243,616 $254,967
Less: Vacancy/Collection Allow. $56,007
Effective Gross Income $187,609 $254,967
Net Operating Income $187,609 $254,967