MULOCK DR BAYVIEW AVE NEWPARK BLVD
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1 MULOCK DR
2 Newpark Boulevard UPPER CANADA MALL RAY TWINNEY RECREATI COMPLEX YORK REGI ADMINISTRATIVE CENTRE YORK TOWN SQUARE YGE ST TARIO SUPERIOR COURT OF JUSTICE DAVIS DR NEWMARKET GO SOUTHLAKE REGIAL HEALTH CENTRE ROGERS PUBLIC SCHOOL NEWMARKET YOUTH & RECREATI CENTRE HISTORIC MAIN STREET NEWMARKET PICKERING COLLEGE NEWMARKET TOWN HALL PROBABLE MULOCK GO MULOCK DR COUNTRY GARDEN MTESSORI ACADEMY NEWMARKET SOCCER CLUB INC. SHOPPERS DRUG MART TIM HORTS STEHAVEN BY NATIAL HOMES YORK REGI POLICE ASSOCIATI Government & Community Space Parks & Trails Academic Institutions Retail & Commercial Amenities Hospital Transit Developments
3 The Offering The Land Services Group ( CBRE or Advisor ) is pleased to offer for sale a 00 freehold interest in a unique real estate opportunity located at 0,, 0, 6, 6, 8, 9 and 60 Newpark Boulevard in the Town of Newmarket (the Sites or the Properties ). Totaling approximately acres, these Properties represent a unique, large-scale York Region investment opportunity that is rarely seen in today s market. The Properties are currently improved with industrial buildings with a GFA of approximately 6,00 square feet. Located within walking distance of the probable location of the Mulock GO Station, and currently serviced by a number of York Region Transit / VIVA routes, the Sites present purchasers with the potential to intensify and reposition this well located and large-scale asset while generating substantial holding income in the interim. Investment Highlights SCALE ±. acres improved with industrial buildings totaling ±6,9 square feet HOLDING INCOME Meaningful in place holding income with a strong roster of tenants TRANSIT Located within walking distance of probable Mulock GO Station location and currently serviced by a number of YRT/ VIVA transit routes LOCATI Proximity to Highway 0, Newmarket arterials and a wide range of commercial, institutional and recreational amenities such as the nearby Magna Centre recreation complex Property Information TOTAL SIZE. ac. NOI $,806,9 SIZE ±6. ac. ±. ac. ±.9 ac. ±. ac. OFFICIAL PLAN ; emerging Residential ZING PIN
4 Planning Overview Transit & Highway Accessibility Provincial, Regional & Municipal Planning Context The Growth Plan for the Greater Golden Horseshoe was initially put in place in 006 and was updated in 0 with new policies established to help build upon the successes of the initial Growth Plan while responding to key challenges that face the region. As part of these plans, the Ontario Provincial Government sets regional growth targets for population and employment which must be subsequently allocated to individual municipalities by their respective upper tier government. York Region has been undergoing a review of their 0 Preferred Growth Scenario as part of their Regional Official Plan Review. The most recent growth scenario was released in November 0 and set out proposed employment and population targets for all York Region lower tier municipalities. In this study, Newmarket was allocated to grow from 8,600 residents and,800 jobs in 0, to 08,00 residents and,00 jobs in 0. As the Town of Newmarket is primarily built out, it is anticipated that a substantial portion of this growth will be accommodated through the intensification of underutilized sites. The Sites low-density character and location in proximity to existing and planned transit infrastructure make it a prime candidate for intensification, which will ultimately help the Town of Newmarket meet their growth targets as set out by the region and the province. MULO NEWMARKET GO CK D R NB: East Gwillimbury GO SB: Aurora GO PROBABLE MULOCK GO Zoning By-Law 00-0 EB: 0 Town Centre WB: Newmarket GO The Properties are currently zoned as General (EG-) through the City of Newmarket Zoning By-law Newmarket Official Plan Land Use Schedule W VIE BAY Stable Residential Commercial Emerging Residential Flood Plain - Mixed Employment Parks & Open Space E AV NEW PARK BLVD 6 Transit The Properties have exceptional access to public transit and to Provincial Highway 0. Located less than 6 minutes away from the Mulock Drive Highway 0 south ramp, the Sites are well located to allow for connections to other York Region municipalities, the City of Toronto, and the rest of the GTA. The Properties are serviced by a number of York Regional Transit/VIVA routes, namely routes and. Both of these routes run on Bayview Avenue and stop at Newpark Boulevard during periods of rush hour traffic. These buses provide direct connections to the existing Newmarket GO Station to the north and to the Aurora GO Station to the south providing existing area residents and workers a number of transit options to reach locations around the Town of Newmarket and the GTA. Building Summary Address Market Highlights Demographics Total Building Size Building Height Office Newpark Boulevard 60,89 sq. ft. ft. 6 Newpark Boulevard,96 sq. ft. 8 ft. 9 8 Newpark Boulevard,0 sq. ft. ft. 0 & 0 Newpark Boulevard,0 sq. ft. 0 ft. 0 6 Newpark Boulevard 0, sq. ft. ft. 6 9 Newpark Boulevard 9, sq. ft. ft Newpark Boulevard 68,8 sq. ft. ft. 9 Total In addition to the existing transit options, it was recently announced that Newmarket will also be home to a new GO Station just west of Mulock Drive and Bayview Avenue. This project has received municipal, regional and Metrolinx Board of Director approval. Metrolinx recently issued their notice to expropriate the lands at 0 Mulock Drive for the new station, which is only a short walk away from Newpark Boulevard. This future station will be fundamental in providing convenient accessibility options and will have a positive impact on transit connectivity for residents and workers throughout the Town of Newmarket. 6,9 sq. ft. * See CIM for detailed financial information Newpark Blvd, Newmarket km radius Newmarket, Aurora, Markham, Vaughan, 0 Estimated 6,96 89,9 60,096, 0,06 0 Projected, 9,8 6,0,,9 Population Change Total Population Source: Altus RealNet, August 0 $,6 $6,68 $, $,06 $, Owned Dwellings Rented Dwellings Occupied Dwellings Average resale price of $.8 MM for homes in StonehavenWyndham Village Source: TREB Q, 0 Income 0 Average Income Less than 0 units of Newmarket new home inventory. year over year increase in average re-sale price for homes in Stonehaven-Wyndahm Village Source: TREB Q, 0
5 Offering Process Confidentiality Agreement Potential purchasers that require access to the online document centre are to complete the CA and return it to: Document Centre Rent Roll Surveys ESA Phase Building Plans Property Condition Assessments CIM Offer Submissions All offers are to be submitted to: Jason Child Offer Submission Date: Thursday, November 9, 0 by :00 pm EST MULOCK DR Jason Child* jason.child@cbre.com Mike Czestochowski** Executive mike.czestochowski@cbre.com Lauren Doughty* lauren.doughty@cbre.com Ian Hunt* ian.hunt@cbre.com Nate Pace Sales Representative nate.pace@cbre.com *Sales Representative **Broker. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors ( CBRE ). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the Information ) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.Mapping Sources: Google Earth 09/ CBRE Limited 00 Sheppard Ave E, Suite 800 Toronto, Ontario, MJ B
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