1066 DUNDAS ST W - Offering Memorandum - Toronto, ON M6J 1W8 - LoopNet
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NON-ENDORSEMENT AND DISCLAIMER NOTICE 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. 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 © 2018 Marcus & Millichap. All rights reserved. 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 YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. 1066 DUNDAS ST W Toronto, ON ACT ID ZAA3010132 2
1066 DUNDAS ST W TABLE OF CONTENTS SECTION INVESTMENT OVERVIEW 01 Offering Summary Regional Map Local Map Aerial Photo FINANCIAL ANALYSIS 02 Rent Roll Summary Rent Roll Detail Rent Roll Summary Commercial Operating Statement Notes Pricing Detail Acquisition Financing MARKET OVERVIEW 03 Market Analysis Demographic Analysis 3
1066 DUNDAS ST W OFFERING SUMMARY EXECUTIVE SUMMARY VITAL DATA CURRENT PRO FORMA Price $1,589,000 CAP Rate 4.55% 5.1% Net Operating Down Payment 100% / $1,589,000 $72,328 $81,054 Income Net Cash Flow Loan Amount $0 4.55% / $72,328 5.10% / $81,054 After Debt Service Loan Type Proposed New Total Return 4.55% / $72,328 5.10% / $81,054 Interest Rate / Amortization 0% / 0 Years Total Rentable SF 2,010 Price/SF $790.55 UNIT MIX UNIT CURRENT AVG. AVG. MONTHLY POTENTIAL AVG. MONTHLY UNIT TYPE AVG. SF COUNT RENTS RENTS/SF INCOME RENTS RENTS/SF INCOME 1 Multifamily 1,100 $2,650 $2.41 $2,650 $3,000 $2.73 $3,000 1 Multifamily 300 $1,000 $3.33 $1,000 $1,200 $4.00 $1,200 SUITE CURRENT MONTHLY PRO FORMA TYPE TOTAL GLA CURRENT RENT RANGE COUNT INCOME MONTHLY INCOME 1 Retail 610 $2,544 - $2,544 $2,544 $2,250 #5
1066 DUNDAS ST W OFFERING SUMMARY INVESTMENT OVERVIEW 1066 Dundas St W is a rare opportunity to own a versatile Live/Work or Investment property facing Trinity Bellwoods Park! The property is a 3 unit Mixed Use property with a main floor Commercial Unit, a 2 bedroom apartment on 2nd & 3rd floors as well as a garage converted to Studio/Workshop. Live, work and earn investment income all with 1066 Dundas St W Situated in one of Toronto hottest areas, 1066 Dundas St W has excellent TTC service, is steps to Ossington Ave and boasts Trinity Bellwood Park out your front door. The seller doesn't warrant retrofit status and is sold "As-Is". Buyer To Verify Permitted Uses. INVESTMENT HIGHLIGHTS 3 Unit Mixed Use Live / Work Investment Opportunity. Perfect for Your Business. Facing Trinity Bellwoods Park. Zoning R (d1.0) (x806). 15' Frontage 6
1066 DUNDAS ST W FINANCIAL ANALYSIS OPERATING STATEMENT 11
1066 DUNDAS ST W FINANCIAL ANALYSIS NOTES 12
1066 DUNDAS ST W FINANCIAL ANALYSIS PRICING DETAIL 13
1066 DUNDAS ST W ACQUISITION FINANCING MARCUS & MILLICHAP CAPITAL CORPORATION WHY MMCC? CAPABILITIES Optimum financing solutions to enhance value MMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and Our ability to enhance terms. buyer pool by expanding finance options We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of Our ability to enhance financing options. seller control • Through buyer Our dedicated, knowledgeable experts understand the challenges of financing qualification support and work tirelessly to resolve all potential issues to the benefit of our clients. • Our ability to manage buyers finance expectations • Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings • By relying on a world class Closed 1,678 National platform $6.24 billion Access to set of debt/equity sources debt and equity operating billion total more capital financings within the firm’s national sources than and presenting a tightly in 2018 brokerage volume in 2018 any other firm underwritten credit file offices in the industry 14
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1066 DUNDAS ST W MARKET OVERVIEW 20
PROPERTY 1066 DUNDAS NAME ST W DEMOGRAPHICS MARKETING TEAM Created on July 2019 POPULATION 1 KM 3 KM 5 KM HOUSEHOLDS BY INCOME 1 KM 3 KM 5 KM 5 Year Projection 2017 Estimate Total Population $150,000 or More 0.00% 0.00% 0.00% 2017 Estimate $100,000 - $149,999 0.00% 0.00% 0.00% Total Population $80,000 - $99,999 0.00% 0.00% 0.00% 5 Year Previous $50,000 - $79,999 0.00% 0.00% 0.00% Total Population $40,000 - $49,999 0.00% 0.00% 0.00% HOUSEHOLDS 1 KM 3 KM 5 KM $30,000 - $39,999 0.00% 0.00% 0.00% 5 Year Projection $20,000 - $29,999 0.00% 0.00% 0.00% Total Households Under $20,000 0.00% 0.00% 0.00% 2017 Estimate Average Household Income Total Households Median Household Income 5 Year Previous Per Capita Income Total Households POPULATION PROFILE 1 KM 3 KM 5 KM Average (Mean) Household Size Population by Age Growth 2015-2020 NaN NaN NaN 2017 Total Population Households by Education Level 0 to 4 Years 0.00% 0.00% 0.00% High School Graduate (12) 0.00% 0.00% 0.00% 5 to 14 Years 0.00% 0.00% 0.00% Associate Degree Only 0.00% 0.00% 0.00% 15 to 19 Years 0.00% 0.00% 0.00% Bachelors Degree 0.00% 0.00% 0.00% 20 to 24 Years 0.00% 0.00% 0.00% No Schooling Complete 0.00% 0.00% 0.00% 25 to 34 Years 0.00% 0.00% 0.00% HOUSING UNITS 1 KM 3 KM 5 KM 35 to 44 Years 0.00% 0.00% 0.00% Occupied Units 45 to 54 Years 0.00% 0.00% 0.00% Owner Occupied 0.00% 0.00% 0.00% 55 to 64 Years 0.00% 0.00% 0.00% Renter Occupied 0.00% 0.00% 0.00% 65 to 74 Years 0.00% 0.00% 0.00% 75 to 84 Years 0.00% 0.00% 0.00% Age 85+ 0.00% 0.00% 0.00% Median Age Population by Gender 2017 Estimate Total Population Male Population 0.00% 0.00% 0.00% Female Population 0.00% 0.00% 0.00% Source: © 2018 Experian 21
PROPERTY 1066 DUNDAS NAME ST W DEMOGRAPHICS MARKETING TEAM Population Race and Ethnicity In 2018, the population in your selected geography was . The The 2018 population by visible minority status of your selected area is population has changed by percent since 2010. It is estimated that as follows: 0.00% Asian, 0.00% Black, 0.00% Latin American, 0.00% the population in your area will be in 2020, which represents a Arab, 0.00% multi or other and 0.00% not visible. Compare these to change of percent from 2018. The current population is percent Canada averages which are: 0.00% Asian, Black, Latin American, male and percent female. The median age of the population in your Arab, 0.00% multi or other and not visible. area is , compare this to the Canada average, which is . The population density in your area is people per square kilometer. Households Housing There are currently households in your selected geography. The In 2018, there were owner-occupied and renter-occupied dwellings number of households has changed by percent since 2010. It is in your area. In 2013, this changed to owner-occupied and renter- estimated that the number of households in your area will be in 2020, occupied dwellings in your area. It is estimated that in 2020, there will which represents a change of percent from 2018. The average be owner-occupied and renter-occupied dwellings in your area. household size in your area is persons. Income Employment In 2018, the median household income for your selected geography is In 2018, there were employees in your selected area, this is also , compare this to the Canada average which is currently . The known as the daytime population. median household income for your area has changed by percent since 2010. It is estimated that the median household income in your area will be in 2020, which represents a change of percent from 2018. The 2018 per capita income in your area is , compare this to the Canada average, which is . The 2018 average household income in your area is , compare this to the Canada average, which is . Source: © 2018 Experian 22
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