373 king street west · 2017. 3. 6. · 373 king street west arlin markowitz* senior vice president...
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373 KING STREET WESTTROPHY URBAN RETAIL & OFFICE
INVESTMENT OPPORTUNITYCBRE Limited, Real Estate Brokerage | 145 King Street West | Suite 1100 | Toronto, ON M5H 1J8
PROPERTY DETAILSStarbucks: 1,477 sq.ft.Fit Factory: 6,895 sq.ft.Dental Clinic: 1,503 sq.ft.Total Retail: 9,875 sq.ft.
RETAIL UNITS
NOI (approximate): $388,310
CBRE Limited (“CBRE”), on behalf of Lifetime Developments (the “Vendor”) is pleased to offer for sale 16,046 sq.ft. of space at the base of the M5V condos (the “Property”) located at 373 King Street West. The Property occupies a premier position in Toronto’s urban core located in one of Canada’s most in demand retail and office nodes and most enviable demographic growth markets.
The retail component of the asset (consisting of the ground and second floor) is 100% leased and there is imminent upside on rental income when these leases expire. 373 offers a coveted combi-nation of premium asset quality in core urban locations with value enhancement opportunities.
*60 FEET OF FRONTAGE**RETAIL 100% LEASED*
*TORONTO’S MOST COVETED RETAIL & OFFICE NODE**VALUE ENHANCEMENT OPPORTUNITIES*
Unit 203: 3,439 sq.ft.IgnitionOne: 2,732 sq.ft. Total: 6,171 sq.ft.
OFFICE UNITS
373 KING STREET WEST
Total Size: 16,046 sq.ft.
FIT FACTORY
OFFICE
STARBUCKS
DENTISTRY
373 KING STREET WEST
CH
ARL
OTT
E ST
REET
PETE
R ST
REET
WID
MER
STR
EET
JOH
N S
TREE
T
SPA
DIN
A A
VEN
UE
KING STREET WEST
373 KING STREET WESTSUBJECT PROPERTY
JOHN STREET
KING STREET WEST
BATH
URS
T ST
REET
PORT
LAN
D S
TREE
T
BRA
NT
STRE
ETSTEWART STREET
373 King Street West occupies a highly coveted area in Toronto’s downtown core. Downtown Toronto, particularly King West, is among the most active leasing markets in Canada, experiencing unprecedented rental rate growth and demand from office and retail tenants as the area is home to a young, affluent and highly educated demographic.
Known for the city’s largest concentration of restaurants, theaters and nightlife, King Street West has seen increasing diversification of retail uses, leveraging one of the largest residential development cycles in Canadian history with 93 active condominium developments within a 3km radius.
The Property will benefit from the exponential leasing demand driven by the substantial surrounding residential intensification and its close proximity to the city’s financial core.
373 KING STREET W
BATHURST STREET
SPADINA AVENUE
FINANCIAL CORE
THE LOCATION
642 KING STREET WEST
N
N
FUTURE HIGH RISE SITE
KING STREET W
EST
POPU
LA
TION GROWTH
2011-2016
30.8%
AVG
. HO
US
EHOLD INCOME
$98,551
ESTI
MAT
ED INCOME GROW
TH
2016-2021
19.5%*within a 1km Radius
of 373 King St W
GARDINER EXPRESSWAY
373 KING STREET WEST
Arlin Markowitz*Senior Vice PresidentUrban Retail Team416 815 2374 [email protected]
This disclaimer shall apply to CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE.
*Sales Representative
Jackson TurnerSales RepresentativeUrban Retail Team416 815 [email protected]
Offers reviewed on or after Thursday March 23rd, 2017
Lauren Doughty*Vice PresidentLand Services416 495 [email protected]
For more information and to receive a CA for data room access, please contact the listing agents: