for sale · 2019. 9. 24. · 2 2 ane street toronto 3 t 401 2090 jane street strategic location the...
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FORSALE
REDEVELOPMENT OR COMMERCIAL/EDUCATIONAL
USER OPPORTUNITY
2090JANE STREET, TORONTO
2 32090 JANE STREET, TORONTO 2090 JANE STREET, TORONTO
JANE STREET
401
2090JANE STREET
STRATEGIC LOCATION
The Property is located on the southwest corner of Jane Street and Beverly Hills Drive, immediately north of Highway 401. In addition to being less than one kilometer from the Highway 400-401 interchange, the Property benefits from more than 625 feet of Highway 401 exposure. The location boasts excellent connectivity throughout the GTA, including public transit access from Wilson subway station, local TTC bus routes and the Weston GO Station. The Property also provides multiple options for access / egress on Jane Street and Beverly Hills Drive.
VERSATILE COMMERCIAL REDEVELOPMENT SITE
The Property offers 3.15 acres of land within the City of Toronto. Combined with a versatile array of permitted uses and 625 feet of Highway 401 exposure, the site is prime for a mixed-use commercial redevelopment. The current zoning allows for a wide range of commercial uses, including office, light industrial and educational uses.
FUNCTIONAL EXISTING FACILITY
The Property is improved with a 22,000 square foot education building, which was closed in May 2019 (programs have been relocated to the CITE building at Newnham Campus). The building is in good condition and would be well-suited for continued use by an educational user or an institutional group. There is a large shop area, as well as classrooms and lab spaces, allowing for a variety of options for program space. There is also a paved parking lot, 110 spaces
plus 5 accessible. SITE DETAILS
N
LAND AREA: 3.15 acres
DIMENSIONS:
222.23 feet of frontage on Jane Street (to be confirmed by survey)615 feet of frontage on Beverly Hills Drive (to be confirmed by survey) 625 feet of frontage on Highway 401 (to be confirmed by survey)
PARKING: 110 spaces plus 5 accessible
ZONING: Industrial Commercial MC (H)
OFFICIAL PLAN: General Employment Area (OPA 231 - under appeal by Vendor)
BUILDING AREA: 22,000 square feet (Approx.)
STOREYS: Two (partial)
YEAR BUILT: 1982
SHIPPING: 1 drive-in door
CLEAR HEIGHT: 23 feet in the former “machine shop” area
HVAC: Roof top, gas fired heating and air conditioning units
BUILDING DETAILS
SUBJECT SITE
Cushman & Wakefield ULC has been retained as exclusive advisor (“Advisor”) to seek proposals for the disposition of 2090 Jane Street, Toronto, Ontario. The Property is offered for sale on an unpriced basis. Interested purchasers will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving the information on the Offering. Submission of offers on the Vendor’s form will be on a specific date that will be communicated by the Advisor at least seven (7) days in advance. All enquiries and offers should be addressed to the attention of Dan Rogers, Goran Brelih or Jeff Lever at the address provided.
All inquiries regarding the Property or for further information should be directed to the Advisor’s as exclusive agents for the Vendor.
OFFERING PROCESS
Cushman & Wakefield ULC, Brokerage161 Bay Street, Suite 1500P.O. Box 602 | Toronto, ON M5J 2S1 Tel: 416 862 0611Fax: 416 359 2613cushmanwakefield.com
Dan Rogers**Senior Vice President Investment Sales
416 359 2352 [email protected]
Jeff Lever*Associate Vice President Investment Sales
416 359 2492 [email protected]
©2019 Cushman & Wakefield ULC, Brokerage. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE. **Broker *Sales Representative
Goran Brelih, B.Sc.Eng., SIOR**Senior Vice President Investment Sales
416 756 5456 [email protected]