Industrial Condominium Investment Opportunity
3751 Victoria Park Avenue
Toronto, Ontario
Industrial Condominium Investment Opportunity
3751 Victoria Park Avenue
Toronto, Ontario
Forager Real Estate Partners, in partnership with CBRE Canada, welcomes business owners to VicPark, an institutional quality industrial warehousing and logistics facility coming soon to 3751 Victoria Park Avenue, Toronto. Unleash your business potential in state-of-the-art premises, meticulously designed to meet the exacting specifications of great companies.
In a strategic Toronto node, with unrivaled highway and labour market access, awaits a generational opportunity to own state-of-the-art warehousing and distribution space. VicPark puts business owners in control with best-in-class shipping capabilities, hassle-free building systems and a cleaner, healthier work environment.
Forager Real Estate Partners, in partnership with CBRE Canada, welcomes business owners to VicPark, an institutional quality industrial warehousing and logistics facility coming soon to 3751 Victoria Park Avenue, Toronto. Unleash your business potential in state-of-the-art premises, meticulously designed to meet the exacting specifications of great companies.
In a strategic Toronto node, with unrivaled highway and labour market access, awaits a generational opportunity to own state-of-the-art warehousing and distribution space. VicPark puts business owners in control with best-in-class shipping capabilities, hassle-free building systems and a cleaner, healthier work environment.
Floorplan & Availability
Key Demographic Stats
39.7%
Bachelor Degree & Higher
$121,265
Average Household Income
304,151
Population within 5KM
61.4%
Labour Force Participation within 5KM
67.3%
Owned Dwellings
Toronto Industrial Market Overview
Toronto continues to see strong demand for industrial facilities due to changing consumer spending and increased population growth. Lack of available industrial land & lack of new industrial inventory has coupled to make Toronto one of the most supply constrained industrial markets in North America.
Source: CBRE Canada Industrial Figures Q4 2021
The Case for Ownership
FINANCIAL RATIONALE
- LBuild equity through principal pay-down with potential for significant capital appreciation
- LEliminate leasing risk including rent increases and business disruption
- LTake advantage of attractive borrowing terms
- LRealize tax efficiencies through depreciation, and deduction of interest and other mortgage-related expenses
LOGISTICAL RATIONALE
- LSituate warehousing, manufacturing and administrative functions in a single location
- LLocate business at a strategic locale, proximate to customer and employee base
- LFlexibility to fit-out unit(s) to exact business specifications and requirement
- LOption to acquire multiple units for future growth with the interim ability to generate rental revenue
Key Assumptions
- LBased on an Asking Price of $515 per square foot
- LLease rate assumes 4.0% annual escalations over a 10-year term
- LPayments are not of operating expenses and real estate taxes (assume equal for owning and renting)
- LBased on a 5.25% mortgage with 25-year amortization period and 25% down payment
- LAssume 3.0% annual asset appreciation
Forager uncovers, acquires and operates exceptional opportunities for invesment in commercial real estate. The company’s acquisition focus ranges from stable properties, backed by strong companies, to development and revitalization projects located in dynamic urban markets.
Specifically, Forager seeks out assets where it sees the potential to drive long term value through its creative and operational expertise. Forager strives to be a steward of every community in which it looks to invest and thinks deeply about placemaking and how best to deliver a lasting positive impact for every customer, investor, and neighbour.
Founded in 1979, Julian Jacobs Architects is one of Canada’s most experienced full-service Architecture/Interior Design firms. The firm is widely recognized for its creativity, and its open, authentic response to each individual project, leading to the ideal project design and to the advancement of building types and construction technologies.
The firm’s work is regularly published nationally and internationally. The firm has won virtually every invited competition including the Governor General’s Award, Ontario Association of Architects Awards of Excellence, Award for Outstanding Contribution to the City of Toronto, Award for Best Institutional Masonry Building in the GTA, and numerous other Civic and Industry Awards.
With a presence in more than 100 countries and a strength of more than 100,000 dedicated real estate professionals operating out of 500 offices globally, we have broader and deeper capability than any other real estate provider. We offer befitting solutions to overcome your most complex real estate challenges, delivering to you exceptional outcomes.
In Canada, CBRE has 23 offices with 2,500 professionals to serve your requirements.