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INVESTMENT SUMMARY
1390 Don Mills Rd., Toronto, ON
JLL’s Capital Markets Group (“JLL” and/or the “Advisor”) is pleased to offer for sale a recently developed freestanding commercial condominium totaling 6,019 SF. The Property is the showcase corner unit of The Diamond at Don Mills retail plaza, comprising of 47,824 SF of retail and commercial tenants. The plaza currently offers a diverse mix of tenants, which draw people for a variety of needs including a pharmacy, food court, brokerage, fast food restaurants, eye doctor, and a cleaner.
The Property is located in a prime Toronto neighbourhood with significant frontage on Don Mills Road between York Mills Road and Lawrence Avenue East. The Property is in close proximity to several major retail centres including CF Shops at Don Mills, York Mills Gardens and CF Fairview Mall.
1390 Don Mills Road is easily accessible by public transportation and car. TTC bus routes service the Property regularly, operating from Don Mills Station (10 minute ride) and Pape Station (30 minute ride), and are immediately accessible via a bus station directly adjacent to the building. The Property is within a three minute drive of the Don Valley Parkway, providing direct access to Highway 401 and the Gardiner Expressway.
The Offering Property SpecificationsAddress 1390 Don Mills Road, Toronto, ON
Property Type Freestanding Condominium Retail
Vendor Buildmonte Holdings Inc.
Year Built 2013
Building Size 6,019 SF
Parking 201 stalls shared with rest of centre
Traffic Count Approx. 17,000+ cars daily
Property Taxes $80,540.07 (2017)
Monthly CAM $3,206.88
Restrictive UsesThe property is subject to a number of restrictions on use (see dataroom)
Mortgage Free and clear
Asking Price $3,780,000
Strategic Location
The Property is located on a busy road with high traffic counts (approx. 17,000/day) and substantial exposure from having significant frontage on Don Mills Road. The Property is easily accessible by public transit and car, with highways and subway stations within a close proximity to the Property.
Investment Highlights
Newly Constructed
The Property was recently constructed with quality finishes and a stunning exterior façade.The Property offers a diverse mix of retail and service-oriented tenants drawing consumers to the plaza for a variety of needs. Some of the uses include a pharmacy, hair salon, food court, real estate brokerage and fast food restaurants such as Subway and Domino’s.
Opportunity for Upside
The Property is currently vacant allowing an investor to take advantage of high lease rates in today’s market, or a user seeking to gain a foothold in the local market.
DVP
404
401
Don Mills Station
1390 Don Mills Rd.
Leslie Station
Oriole Station
Bus Stop in frontof site
Don Mills Road
York Mills Road
Sheppard Avenue East
Lawrence Avenue East
Victoria Park Avenue
Leslie Street
3
Offering Process
JLL has been exclusively retained by the Vendor to seek proposals to acquire the Property. The Property is offered for sale at an asking price of $3,780,000 on an as-is, where-is basis, free and clear of existing financing. Dataroom access will be made available upon the return of an executed copy of the Vendor’s confidentiality agreement. The Vendor’s objective is to maximize sale proceeds while preference will be given to Offers with limited conditionality and timely closing. Offers should be submitted to the attention of Elliot Medoff, Euan Darling or Erik Martin at 22 Adelaide Street West, Suite 2600, Toronto, ON, M5H 4E3.
Elliot Medoff*Vice PresidentCapital Markets Group+1 416 238 [email protected]
Euan Darling*Senior AssociateCapital Markets Group+1 416 238 [email protected]
*Salesperson
For more information please contact:
Erik Martin*AnalystCapital Markets Group+1 416 238 [email protected]
