OFFERING MEMORANDUM - LoopNet...Both being side-by-side and equaling 2.03 Acres. The offering is Prestige Employment Land. For permissible zoning, see pages “11-12”. ... SUNRISE,

*recommended dimensions: 6” x 4” (horizontal version), 200 DPI or higher

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Steve Broker Steve Broker John Agent John AgentExecutive Vice President Investments First Vice President Investments Vice President Investments Vice President InvestmentsPalo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto OfficeTel: (650) 391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797Fax: (650) 391-1715 Fax: (916) 724-1410 Fax: (650) 391-1715 Fax: (650) [email protected] [email protected] [email protected] [email protected]: CA 01234567 License: CA 01234567

NV 01234License: CA 01234567 License: CA 01234567

DEVELOPMENT LAND20-30 Blowers Crescent • Ajax, Ontario

OFFERING MEMORANDUM

20-30 BLOWERS CRESCENTAjax, OntarioACT ID Y3010161

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Non-EndorsementsMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified inthis marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliationwith, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or anyagent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose ofproviding tenant lessee information about this listing to prospective customers.

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

P R E S E N T E D B Y

Saad Yehia

BrokerToronto OfficeTel: (416) 585-4682Fax: (416) [email protected]

Alexander Silver

Sales RepresentativeToronto OfficeTel: (416) 585-4678Fax: (416) [email protected]

DEVELOPMENT LAND

4

INVESTMENT

OVERVIEW

OFFERING SUMMARY

Price $2,650,000

Down Payment 100% / $2,650,000

Loan Amount $0

Loan Type All Cash

Lot Size (SF) 88,427

Price/SF $29.97

Lot Size (Acres) 2.03 acre(s)

Price/Acre $1,305,416

Allowable Buildable SF 27,634

Number of Lots 2

Price/Lot $1,325,000

Type of Ownership Fee Simple

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EXECUTIVE SUMMARY

OFFERING SUMMARY

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DEVELOPMENT LAND

5

DEVELOPMENT LAND

5

OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES *

Logistics In Motion Inc 1,200

Empire Ips 1,000

Messier-Dowty Inc 600

Wal-Mart Canada Corp 500Corporation Of The Town Of Ajax, The 400

Recreation Services 300

Tim Hortons 296

Real Canadian Superstore 275Axalta Coating Systems Canada Company 242

Davison Div 200

Home Depot 200

Pine Ridge Secondary School 200

DEMOGRAPHICS

1-KM 3-KM 5-KM

2016 Estimate Pop 15,940 73,311 131,839

5 Year Previous 15,283 68,031 120,268

2016 Estimate HH 4,716 22,332 42,869

5 Year Previous 4,578 20,802 39,094

Median HH Income $103,749 $101,315 $93,109

Per Capita Income $43,092 $44,091 $43,934

Average HH Income $118,971 $116,660 $108,466

* # of Employees based on 5 kilometer radius

DEVELOPMENT LAND

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OFFERING SUMMARY

2.03 Acres of Development Land

Prestige Employment Zoning in Place

Intersection – Salem Road & Kerrson Drive

High Demand Area in Ajax

INVESTMENT HIGHLIGHTS

Marcus & Millichap is proud to present 20 - 30 Blowers Crescent in Ajax, Ontario. The development property is located on the main intersection of Salem Road and

Kerrison Drive in Ajax in the area known as Central Ajax.

Ajax is a Town in Ontario located on the Lake Ontario Shoreline. It is approximately 40 kilometers East of Downtown Toronto. It is commonly viewed as the fastest growing

Town in Durham as well as the Centre of Durham Region.

The Property being offered is comprised of 2 parcels. Both being side-by-side and equaling 2.03 Acres. The offering is Prestige Employment Land. For permissible zoning,

see pages “11-12”.

INVESTMENT OVERVIEW

6

DEVELOPMENT LAND

PROPERTY SUMMARY

OFFERING SUMMARY

THE OFFERING

Property Development Land

Price $2,650,000

Property Address 20-30 Blowers Crescent,Ajax,Ontario,CA

Access Direct Access from Blowers Crescent

SITE DESCRIPTION


Price/SF $29.97

Lot Size (Acres) 2.0300


Allowable Buildable SF 27,634

Number of Lots 2

Price/Lot $1,325,000

Type of Ownership Fee Simple

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REGIONAL MAP

8

DEVELOPMENT LAND

LOCAL MAP

9

DEVELOPMENT LAND

AERIAL PHOTO

10

DEVELOPMENT LAND

PERMITTED USES

11

DEVELOPMENT LAND

PERMITTED USES

12

DEVELOPMENT LAND

13

MARKET

COMPARABLES

8

DEVELOPMENT LAND

SALES COMPARABLES MAP

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DEVELOPMENT LAND(SUBJECT)

1465 Harwood Ave North

135 Mandrake Street

Lot 15, Church Street

2 Coronation Road

365 Bayly Street West

180 Achilles Road

275 Westney Road South

SALES COMPARABLES

1

2

3

4

5

7

6

15

Avg. $24.29

$0.00

$3.60

$7.20

$10.80

$14.40

$18.00

$21.60

$25.20

$28.80

$32.40

$36.00

DevelopmentLand

1465Harwood Ave

North

135Mandrake

Street

Lot 15,ChurchStreet

2Coronation

Road

365 BaylyStreet West

180AchillesRoad

275 WestneyRoad South

Average Price Per Square Foot

PROPERTY NAMEDEVELOPMENT LAND

COMPARABLES

Avg. $1,058,161

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

DevelopmentLand

1465Harwood Ave

North

135Mandrake

Street

Lot 15,ChurchStreet

2Coronation

Road

365 BaylyStreet West

180AchillesRoad

275 WestneyRoad South

Average Price Per Acre

SALES COMPARABLES SALES COMPS AVG

PROPERTY NAME

MARKETING TEAM

DEVELOPMENT LAND

COMPARABLES

rentpropertyname1

rentpropertyaddress1

rentpropertyname1


rentpropertyname1


16

SALES COMPARABLES

rentpropertyname1


673 VISTA ISLE DRIVE

673 VISTA ISLE DRIVE, SUNRISE, FL, 33325

DEVELOPMENT LAND20-30 BLOWERS CRESCENT, AJAX, ONTARIO, L1Z 0K4

Asking Price $2,650,000

Down Payment $2,650,000

Down Payment % 100%

Price/SF $29.97

Lot Size (Acres) 2.03 acre(s)


PERMIT READY: YES

1465 HARWOOD AVE N, AJAX, , L1T 4T1465 HARWOOD AVE NORTH

1

Close of Escrow 11/7/2014

Sales Price $546,000

Down Payment % 100%

Zoning Prestige Employment


Price/SF $17.91


Price/Acre $780,000

Lot Dimensions 166 x 187 Feet

NOTESSmall commercial lot located just west of subject property north of Rossland Road West on the east side of Harwood Ave.

135 MANDRAKE STREET, AJAX, , L1S 5E135 MANDRAKE STREET

2


Sales Price $1,050,000

Down Payment % 100%

Zoning RM4


Price/SF $23.18



Lot Dimensions 192 x 159 Feet

NOTESLocated on the east side of Salem Road, just north of Hwy 401. Residential area with new commercial plaza across the street.

PROPERTY NAME

MARKETING TEAM

DEVELOPMENT LAND

COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


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SALES COMPARABLES

LOT 15, CHURCH STREET, AJAX, , L1T 4R

NOTESLocated north of Rossland Road on the west side of Church in a newly created residential subdivision this is a commercially designated lot which sold last year.

LOT 15, CHURCH STREET

3



Down Payment % 100%

Zoning Commercial


Price/SF $18.29


Price/Acre $796,703

Lot Dimensions 234 x NA Feet

2 CORONATION RD, WHITBY, , L1P 1Y2 CORONATION ROAD

4



Down Payment % 100%

Zoning DCA Commercial


Price/SF $34.29



Lot Dimensions N/A

NOTESLocated just south of Hwy 401 off Harwood Ave, this land is improved with an older commercial building now vacant used as a restaurant of 3,751 sq. ft. The depreciated replacement cost of the building is $289,500 leaving residual land value of $1,020,500/0.877 acres = $1,163,600 per acre.

365 BAYLY ST W, AJAX, , L1S 6M365 BAYLY STREET WEST

5



Down Payment % 100%



Price/SF $32.14



Lot Dimensions N/A

NOTESLocated in an older commercial industrial area just south of Hyw 401 at Finley Ave, this land is improved with an older commercial building used for car sales. The depreciated replacement cost of the building is $406,000 leaving residual land value of $3,584,000/2.85 acres = $1,257,500 per acre.

PROPERTY NAME

MARKETING TEAM

DEVELOPMENT LAND

COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


18

SALES COMPARABLES

180 ACHILLES ROAD, AJAX, ONTARIO, L1S 7S3

NOTES

Located south of Highway 401, east of Harwood Avenue South.

180 ACHILLES ROAD

6



Down Payment % 100%


Price/SF $20.51


Price/Acre $893,203

275 WESTNEY ROAD SOUTH, AJAX, ONTARIO, L1S 2C9275 WESTNEY ROAD SOUTH

7




Price/SF $23.73



NOTESLocated on the east side of Westney Road South, north of Bayly Street West

DEVELOPMENT LAND

19

MARKET

OVERVIEW

Toronto Metro

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 high-tech industry Markham is home to Canada’s highest concentration of technology firms, making it

the “Silicon Valley” of Canada.

Well-developed Industrial market Toronto has one of the largest industrial nodes in North America..

TORONTO

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.

Geography

G PLAZA

MARKET OVERVIEW

The 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 Port of Toronto is the region’s major port and a hub for freight

transportation. The facility 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 40 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.

Infrastructure

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; Canadian

Pacific Railway

Passenger-Metrolinx, TTC, LRT, Via TrainGo Transit

Ports Port of Toronto

The Toronto GTA is: 110 km from Kitchener-Waterloo 450 km from Ottawa 540 km from Montreal 760 km from New York City, U.S. 840 km from Chicago, U.S.

The Greater Toronto Area 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 more than 2.9 million inhabitants by 2020.

Metro

Largest Cities in Metro by Population

Toronto 2,807,300

Peel 1,432,500

York 1,146,400

Durham 663,700

Halton 550,000

* ForecastSources: Marcus & Millichap Research Services; Environics

TORONTO

G PLAZA

MARKET OVERVIEW

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, following

Detroit. Ford, Chrysler and General Motors operate large manufacturing facilities

in the area, while Toyota and Honda have fabrication plants nearby. The media

industry is another economic driver with firms such as McClelland & Stewart,

Rogers Communications and Cookie Jar Group.

Economy

GMP = Gross Metropolitan Product* Forecast^ Greater Toronto AreaSources: Marcus & Millichap Research Services; Environics; PortsToronto

TORONTO

G PLAZA

MARKET OVERVIEW

Port of Toronto Quick Facts

Ocean-Going Ships 35-45

Recreational Boaters 7,000

Cruise Ships 15

Cruise Passengers 5,400

Total Cargo Tonnage (million metric) 1.6

Warehouse space (sq. ft.) 225,00

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

expected to expand 1.0 percent annually over the next five years, for a total of approximately 190,100 new

positions. The rate of job growth will outpace the Canadian and Ontario average, which are forecast to expand

by 0.8 and 0.7 percent each year through 2020, respectively.

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

comprise the largest share of employment. This sector contributes 24 percent of all payrolls in the region, with

nearly 862,000 positions. The large financial industry underpins the business and finance sector, which

provides 17 percent of jobs. Employment in health and sciences accounts for another 14 percent, while the

education, government and human services, and management sectors each deliver 12 percent of the GTA’s

jobs.

Labor

* Forecast^ Greater Toronto AreaSources: Marcus & Millichap Research Services; Environics

TORONTO

G PLAZA

MARKET OVERVIEW

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 287,800 individual businesses across a variety of employment sectors.

With approximately 633,400 jobs in Toronto’s business and finance 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, 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 number of 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.

Employers

Major Employers

Air Canada Inc.

Bank of Nova Scotia

Magna International

Canada Post Corp.

Canadian Imperial Bank of Commerce

Royal Bank of Canada

Toronto Transit Commission

Bank of Montreal

Ford Motor Company of Canada Ltd.

IBM Canada Ltd.


TORONTO

G PLAZA

MARKET OVERVIEW

The GTA contains a population of approximately 6.6 million people and is forecast to grow at an average pace of 1.3 percent annually through 2020. Over the past five

years, the metropolitan area gained approximately 208,700 new residents and will add an additional 235,000 people by 2020.

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 39.0 years,

younger than the national median of 40.4. 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 32 percent of

Toronto’s population age 25 and older has attained a bachelor’s degree, well ahead of the 28 percent in all of Canada. Among the many local institutions of higher learning

are the University of Toronto, Ryerson University and York University.

Higher educational attainment supports Toronto’s median household income of $74,000, which compares favorably to the national figure of $66,800. Incomes in the GTA

are expected to rise through 2020. Higher incomes have allowed roughly 70 percent of area residents to afford to own their own homes.

Demographics

TORONTO


G PLAZA

MARKET OVERVIEW

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 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 be found at the Famous People Players Dinner Theatre, the Princess of Wales Theatre, the Royal Conservatory of Music and other locations. In addition,

the Greater Toronto Area also hosts a wide network of museums and art galleries, including the Art Gallery of Ontario and the Royal Ontario Museum.

The Toronto Zoo and Ripley’s Aquarium of Canada are located in the city of Toronto, providing 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.

Sources: Marcus & Millichap Research Services; Canadian RealEstate Association; Statistics Canada

Quality of Life

TORONTO

G PLAZA

MARKET OVERVIEW

IncomeIn 2016, the median household income for your selected geography is$104,683, compare this to the Canada average which is currently$70,224. The median household income for your area has changed by10 percent since 2010. It is estimated that the median householdincome in your area will be $116,720 in 2020, which represents achange of 11.50 percent from 2016. The 2016 per capita income inyour area is $120,189, compare this to the Canada average, which is$95,126. The 2016 average household income in your area is$120,189, compare this to the Canada average, which is $95,126.

PopulationIn 2016, the population in your selected geography was 2,934. Thepopulation has changed by 4.45 percent since 2010. It is estimatedthat the population in your area will be 3,012 in 2020, whichrepresents a change of 2.66 percent from 2016. The currentpopulation is 47.87 percent male and 52.13 percent female. Themedian age of the population in your area is 35.10, compare this tothe Canada average, which is 40.70. The population density in yourarea is 2,934.00 people per square kilometer.

HouseholdsThere are currently 855 households in your selected geography. Thenumber of households has changed by 4.01 percent since 2010. It isestimated that the number of households in your area will be 881 in2020, which represents a change of 3.04 percent from 2016. Theaverage household size in your area is 3.40 persons.

EmploymentIn 2016, there were employees in your selected area, this is alsoknown as the daytime population.

Race and EthnicityThe 2016 population by visible minority status of your selected area isas follows: 30.01% Asian, 15.49% Black, 1.50% Latin American,1.45% Arab, 9.45% multi or other and 43.55% not visible. Comparethese to Canada averages which are: 15.30% Asian, 3.13% Black,1.35% Latin American, 1.34% Arab, 0.98% multi or other and 79.24%not visible.

PROPERTY NAME

MARKETING TEAM

G PLAZA

HousingIn 2016, there were 764 owner-occupied and 58 renter-occupieddwellings in your area. In 2013, this changed to 782 owner-occupiedand 73 renter-occupied dwellings in your area. It is estimated that in2020, there will be 795 owner-occupied and 86 renter-occupieddwellings in your area.

Source: © 2016 Experian

DEMOGRAPHICS

27

TRAFFIC COUNTYEAR COUNT

2010 6,604

2009 2,466

2010 1,484

MARKETING PLAN

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LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAMEG PLAZA

PRICING AND VALUATION MATRIX

PROPERTY NAMEG PLAZA

28

MARKET OVERVIEW

Source: © 2016 Experian

www.MarcusMillichap.com

P R E S E N T E D B Y

Saad Yehia

BrokerToronto OfficeTel: (416) 585-4682Fax: (416) [email protected]

Alexander Silver

Sales RepresentativeToronto OfficeTel: (416) 585-4678Fax: (416) [email protected]

Documents

OFFERING MEMORANDUM - LoopNet...Both being side-by-side and equaling 2.03 Acres. The offering is Prestige Employment Land. For permissible zoning, see pages “11-12”. ... SUNRISE,