For Sale Plaza Brampton East Brampton East (Brampton, Ontario, CA ) Built

$17,600,000

Camelia Fathi Realtor

CAMELIA FATHI CAMELIA FATHI 514 802 8468 (Office) 514 802 0768 (Cell) Request More Info

  • Type: Commercial
  • Style: Commercial
  • Development Level: Built
  • Lot Size: 3.201 acres

Description

The Property is 100% leased to 13 convenience and service-oriented tenants that serve a trade area population of more than 200,000 and over 70MM-sf of industrial and office space located within a five (5) km radius. Except for Fit4Less which is a new lease, average tenant tenure is approximately 22 years and the Property’s weighted average lease term to maturity is an attractive 9.3 years. Plaza Brampton East is easily accessible from multiple 400-series highways, is directly on the Züm Bus Rapid Transit line, and is close to Bramalea and Malton GO Stations.

Investment Highlights
Well-Curated Tenant Mix Generates a Highly Predictable Income Stream
• 100% leased to 13 convenience and service-oriented tenants with a merchandising mix that is tailored to the needs of the trade area
• Exceptional average tenant tenure of 22 years
• Attractive weighted average lease term to maturity of 9.3 years
• Redeveloped in 2018 to ensure a sustainable future

Outstanding Transportation Connectivity • Only 10 kms north of Toronto Pearson International Airport
• Surrounded by numerous transportation links including 400-series highways, Bramalea and Malton GO Stations, and on Brampton’s Züm Bus Rapid Transit line Vibrant Commercial & Residential Trade Area
• Brampton is the 9th largest city in Canada with a current population of 656,000, and is the 2nd fastest growing community of Canada’s largest 25 cities
• Trade area has over 70MM-sf of industrial and office space and contains a population of 216,400 with an average household income of $108,300 that is forecasted to increase 9.1% to $118,200 by 2026
• Average annual daily traffic exceeds 60,000 vehicles

Future Residential Development Potential
• Future mixed-use high density residential development will complement the surrounding area
• Active/proposed residential developments in the trade area exceed 4,200 units
• Retail amenities in the trade area include many of Canada’s largest national retailers

Unencumbered Asset
• Free and clear of financing allowing a purchaser to arrange “best fit” financing

Attachments

Brokered and Advertised by : 4168908616
Listing Agent: Frank Wang
P2#537949762
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Information is deemed to be correct but not guaranteed.

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