539-541 rogers rd (offering memorandum)

TORONTO, ON

OFFERING MEMORANDUM

539-541Rogers Road

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap, Brokerage ("Marcus & Millichap") and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

539-541Rogers RoadTORONTO, ON

NON-ENDORSEMENT NOTICE

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.


OFFERING MEMORANDUM

Price Request For Offer

Total Rentable Square Feet 1,800

# of Units 2

Apartments - Rentable Square Feet 900

Retail - Gross Leasable Area (GLA) 900

Lot Size 20 Feet x 100 Feet

Vital Data

Net Operating Income - Current ($3,327)

Comments

Majority of building is currently owner occupied.

OFFERING MEMORANDUM

Unit Mix


No. of

Units**

Unit

Type

Approx.

Square

Feet

Total

Major Employers

CompanyLocal

Employees

Policing Services Division 17,000

University Of Toronto 9,075

Department Of Public Health 9,000

Td Canada Trust 7,662

Government Of Ontario 7,335

Rogers Communications Inc 7,062

Toronto-Dominion Bank, The 5,167

Bombardier Aeronautique 5,000

Ministry Of Health 4,160

Bruce Power L.P. 3,700

Toronto General And Western 3,500

Cbc 3,400

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. Used under license by Marcus &Millichap Real Estate Investment Services Canada Inc., Brokerage © 2015 W3010077 Marcus & Millichap. All rights reserved.

Demographics

1-Km 3-Kms 5-Kms

2013 Total 47,823 433,431 1,087,274

2018 Total 47,219 440,160 1,146,940

2013 Total 17,747 179,558 488,580

2018 Total 18,016 186,805 528,549

Median HH Income $53,955 $66,694 $73,060

Per Capita Income $25,452 $40,040 $48,775

Average (Mean) HH $68,585 $96,652 $108,542

OFFERING SUMMARY

OFFERING MEMORANDUM



Comments

Gross portential rent for the retail spaces are based upon a Net rental rate of $15 PSF.

Apartment rental rates assumed @ $800.00 per month ($800 * Units * 12 months)

2 Hydro Meters one for Residential Apts & one for Commercial units




Income Current Pro Forma

ApartmentsGROSS POTENTIAL RENT $12,600 $19,200

GROSS POTENTIAL INCOME $12,600 $19,200

EFFECTIVE GROSS INCOME $12,600 $19,200

RetailGROSS POTENTIAL RENT $0 $13,500

GROSS POTENTIAL INCOME $0 $13,500

EFFECTIVE GROSS INCOME $0 $13,500

COMBINED EFFECTIVE GROSS INCOME $12,600 $32,700

Total Expenses $15,927 $15,927

% of EGI 126.4% 48.7%

NET OPERATING INCOME ($3,327) $16,773

INCOME AND EXPENSES

OFFERING MEMORANDUM



Comments

Ground Level Retail Currently Owner Occupied.

Current Per SF Pro Forma Per SF

Real Estate Taxes $7,396 $4.11 $7,396 $4.11

Insurance $3,745 $2.08 $3,745 $2.08

Utilities $4,786 $2.66 $4,786 $2.66

TOTAL EXPENSES $15,927 $8.85 $15,927 $8.85

% of EGI 126.4% 48.7%

EXPENSES

539-541 Rogers Road

Toronto, ON M6M 1B4

Price Request For Offer




Lot Size 20 Feet x 100

Type of Ownership Fee Simple

Annualized Operating Data

Income Current Pro Forma

Apartments - Gross Potential Rent $12,600 $19,200

Retail - Gross Potential Rent $0 $13,500

Combined Gross Potential Rent $12,600 $32,700

Gross Potential Income $12,600 $32,700

Effective Gross Income $12,600 $32,700

Less: Combined Expenses $15,927 $15,927

Net Operating Income ($3,327) $16,773

OFFERING MEMORANDUM

Location


ExpensesReal Estate Taxes $7,396 $7,396

Insurance $3,745 $3,745

Utilities $4,786 $4,786

TOTAL EXPENSES $15,927 $15,927

EXPENSES/SF $8.85 $8.85

% of EGI 126.4% 48.7%


FINANCIAL OVERVIEW

Local Map Regional Map

OFFERING MEMORANDUM



AREA MAPS

OFFERING MEMORANDUM



AERIAL PHOTO

OFFERING MEMORANDUM


Toronto Metro


Geography

The Greater Toronto Area, (GTA) is composed of the

city of Toronto and the surrounding districts of

Halton, Durham, York and Peel in the Canadian

province of Ontario. The southern border of the metro

is formed by Lake Ontario. Large portions of the

Toronto metro remain undeveloped in the form of

woodlands and agricultural pastures. Additionally,

development is limited along conservation-protected

lands known as the Greenbelt, which includes the areas

of Oak Ridges Moraine, Rogue Park and the Niagara

Escarpment just outside the city.

Market Highlights

Highly skilled workforce

■ Toronto boasts a well-educated workforce. The share

of metro residents with a bachelor’s degree exceeds

the national average.

Large financial sector

■ The presence of the Toronto Exchange and “Big

Five” banking headquarters make Toronto the

financial capital of Canada.

Growing hi-tech industry

■ Markham is home to Canada’s highest concentration

of technology firms, making it the “Silicon Valley”

of Canada.

Well-development industrial market

■ Toronto has one of the largest industrial nodes in

North America.

TORONTO

OFFERING MEMORANDUM

Largest Municipalities by Population


* ForecastSources: Marcus & Millichap Research Services, Environics

Metro

The Toronto GTA is home to more than 6.6 million

residents and is one of North America’s most populated

metropolitan areas. The city of Toronto itself, with

more than 2.8 million people, is Canada’s largest city.

The city is expected to reach nearly 3 million

inhabitants by 2019.

Infrastructure

The Toronto GTA contains a vast and widely used

freeway system, composed of the King’s Highways and

multiple municipal expressways. As an economic

powerhouse with a large manufacturing base, the metro

is also a major center for rail and freight distribution.

The Canadian National Railway and Canadian Pacific

Railway both operate intermodal facilities in the area.

The Toronto Harbour is the region’s major port and a

hub for freight transportation. The harbour handles

more than 1.5 million tons of cargo every year. Air

transportation is provided by the Toronto Pearson

International Airport, which offers service to more than

36 million passengers annually. Other airports nearby

include the Billy Bishop Island Airport, the Buttonville

Airport (Markham) and the Hamilton International

Airport. In addition, a new airport has been proposed in

Pickering. The region’s multiple independent public

transportation providers are in the process of

consolidating under the banner of Metrolinx. From

subways to intraregional rail service, the merged

Metrolinx system will allow passengers to traverse

throughout Greater Toronto and beyond with a

simplified and streamlined fare structure.


Toronto 2,839,100

Peel 1,429,100

York 1,139,400

Durham 660,800

Halton 548,300

TORONTO

Airports

■ Toronto Pearson International Airport, Billy

Bishop Island Airport, Buttonville Airport,Hamilton International Airport

Major Roadways

■ Highways 400, 401, 403, 404, 407 ETR, 409,

410 and 427

■ Queen Elizabeth Way, Gardiner Expressway

Rail

■ Freight- Canadian National Railway; CanadianPacific Railway

■ Passenger- Metrolinx, TTC, LRT, Via Train,Go Transit

Port

■ Toronto Harbour

The Toronto GTA is:

■ 110 km from Kitchener-Waterloo

■ 450 km from Ottawa

■ 540 km from Montreal

■ 760 km from New York City, USA

■ 840 km from Chicago, USA

OFFERING MEMORANDUM


GMP = Gross Metropolitan Product* ForecastSources: Marcus & Millichap Research Services, WorldBank,Conference Board of Canada, Environics

Economy

The Greater Toronto Area boasts Canada’s most vibrant

economy, containing approximately 40 percent of all

Canadian business headquarters and producing roughly

20 percent of the entire nation’s GDP. The GTA

provides a mixture of service, retail, logistics,

distribution and manufacturing industries, which

combine to make a well-diversified economy.

Toronto’s financial sector has a significant impact on

the local economy. The Royal Bank of Canada, Toronto

Dominion Bank, Bank of Nova Scotia, Bank of

Montreal and Canadian Imperial Bank of Commerce —

collectively known as Canada’s “Big Five” — all house

their corporate headquarters in Toronto’s Financial

District. The district is also home to the Toronto Stock

Exchange where the S&P/TSX Composite Index is

traded. These banks and financial institutions provide

crucial venture capital to the region’s growing high-tech

sector. The municipality of Markham contains Canada’s

highest concentration of technology companies and is

often referred to as Canada’s “High-Tech Capital.”

Toronto hosts North America’s second-largest

automotive industry, behind only Detroit. Ford,

Chrysler and General Motors operate large

manufacturing facilities in the area, while Toyota and

Honda also have fabrication plants nearby. The media

industry is also an economic driver with firms such as

McClelland & Stewart, Rogers Communications and

Cookie Jar Group.


TORONTO

OFFERING MEMORANDUM


Labor

The GTA provides nearly 3.7 million jobs to a highly diverse population of workers. Local employment is

expected to expand 1.4 percent annually over the next five years, for a total of approximately 272,100 new

positions. The rate of job growth will outpace the Canadian average, which is forecast to expand by 1.0 percent

each year through 2019.

As one of Canada’s primary economic centers with a thriving consumer base, jobs in sales and service comprise one

of the largest shares of employment. This sector contributes 22 percent of all payrolls in the region, followed by

the business and finance sector with 19 percent. The health and sciences, and education, government and human

services sectors provide an additional 12 percent and 13 percent of the GTA’s jobs, respectively.

Through 2019, positions in all major employment sectors are expected to grow. Education, government and

human services, and health and sciences will lead job growth with 1.6 percent annual increases during this period.

This is followed by sales and service, and trade and transport, which will each average 1.5 percent gains over the

next five years.



TORONTO

OFFERING MEMORANDUM


Major Employers

Employers

Toronto is home to a number of Fortune 500

headquarters, including: Manulife Financial; Royal

Bank of Canada; George Weston; Toronto Dominion

Bank; Bank of Nova Scotia; Magna International;

Onex; and Sun Life Financial. Greater Toronto contains

more than 250,000 individual businesses across a variety

of employment sectors.

With approximately 701,100 jobs in Toronto’s financial

activities sector, Canada’s Big Five banking institutions

provide a large number of employment opportunities in

the region. Two of the world’s largest life insurance

providers — Sun Life Financial and Manulife Financial

— also call the metro home. The municipality of

Markham contains nearly 900 individual technology

companies, which provide numerous high-quality

positions. In addition to various startups and small

firms, technology companies such as IBM, Hewlett-

Packard and Oracle also offer significant employment.

The automotive industry also supports a sizable number

of jobs in the GTA. While Ford, Chrysler and General

Motors’ fabrication facilities are among the top

employers in this sector, a total of 17 automobile parts

manufacturers have deemed Toronto their headquarters

of Canadian operations.

With education and health services providing a major

portion of service sector employment, significant

employers in this segment include the Sunnybrook

Health Sciences Centre; Toronto General Hospital;

University of Toronto; and York University. * ForecastSources: Marcus & Millichap Research Services, BLS, Moody'sAnalytics, Experian


Air Canada Inc.

Bank of Nova Scotia

Canada Post Corp.

Canadian Imperial Bank of Commerce

Magna International Inc.

Royal Bank of Canada

Toronto Transit Commission

Bank of Montreal

Ford Motor Company of Canada Ltd.

IBM Canada Ltd.

TORONTO

OFFERING MEMORANDUM


Demographics

The GTA contains a population of more than 6.6

million people and is forecast to grow at an average pace

of 1.3 percent annually through 2019. Over the past

five years, the metropolitan area gained approximately

530,200 new residents and will add more than 425,000

by 2019.

With roughly 57 percent of area residents falling within

the working ages of 25 to 64, Toronto boasts a robust

labor force. The median age in the metro is 40.4 years,

younger than the national median of 42. Over the next

five years, a large swell of the population is expected to

enter retirement. Residents in the 65 and older age

cohort are forecast to grow significantly during this

period.

As the primary economic center of Canada, Toronto

residents tend to be more educated and earn higher

salaries than at the national level. Approximately 30.1

percent of Toronto’s population age 15 and older has

attained a bachelor’s degree, well ahead of the 22.5

percent in all of Canada.

Higher educational attainment supports Toronto’s

median household income of $81,500, which compares

favorably to the national figure of $71,700. Incomes in

the GTA are expected to rise through 2019. Higher

incomes have allowed 70 percent of area residents to

afford to own their own homes.



TORONTO

OFFERING MEMORANDUM


The information contained in the market overview comes from sources deemed to be reliable, however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or reliability of the information contained herein. The most timely data available at time of production, including estimates and forecasts, were used and may be subject to revision.

Quality Of Life

Toronto offers a multitude of recreational and cultural

opportunities. In the summertime, one may stroll the

shores of Lake Ontario or take advantage of the region’s

numerous islands and parks. The nearby Scarborough

Bluffs offer striking outdoor geological formations.

During colder months, a variety of ski resorts within a

few hours drive of Toronto provide many winter sport

options. Regardless of the time of year, sports

enthusiasts will find a wide diversity of athletic

entertainment. Toronto boasts seven professional sports

teams, representing six different sports. The Hockey

Hall of Fame is also located in Toronto.

The city of Toronto offers an impressive array of

cultural activities. The Toronto Symphony Orchestra

and Canadian Opera Company are both based out of

Toronto, and live performances can also be found at the

Famous People Players Dinner Theatre, the Princess of

Wales Theatre, the Royal Conservatory of Music,

among other locations. In addition, the Greater

Toronto Area also hosts a wide network of museums

and art galleries, including the Art Gallery of Ontario

(AGO) and the Royal Ontario Museum (ROM).

The Toronto Zoo and Ripley’s Aquarium of Canada are

located in the city of Toronto and provide

entertainment options for children. The Centreville

Amusement Park on Centre Island also makes an ideal

destination. Other notable Toronto attractions include

the CN Tower, Rogers Center and the Toronto

International Film Festival (TIFF).* Greater Toronto AreaSources: Marcus & Millichap Research Services, Environics,Statistics Canada


TORONTO

TORONTO, ON

539-541Rogers Road

OFFERING MEMORANDUM

Offices Throughout the U.S. and Canada

www.MarcusMillichap.com

Exclusively Listed By:

Anthony MartinoSales Representative

AssociateToronto Office

Marcus & Millichap, BrokerageLicense: Ontario: 4738588

Tel: (416) 585-4646Fax: (416) 585-4645

[email protected]/AnthonyMartino

539-541 rogers rd (offering memorandum)

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rogers road toronto

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university of toronto

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