AVAILABLE FOR SALE OR LEASE

Transcription

1 995 Dairy Drive, Ottawa ON Workhouse 417 PHASE I COMPLETE PHASE II NOW SELLING New Light Industrial & Professional Office Park Partnership. Performance. AVAILABLE FOR SALE OR LEASE From 2,690 sf to 15,000 sf Selling at $300 psf Ed Belanger, Sales Representative Vice-President ed.belanger@avisonyoung.com

2 The Project Trimterra is offering a prime opportunity for small businesses, professionals and associations to invest in a premium commercial property development designed and built by one of Ottawa s premier construction and development groups. The Project, known as Workhouse 417 features five buildings of one, two and three storeys which are available for purchase or lease in whole or in part. Build to suit opportunities are also possible. Workhouse 417 is a premium business development property tailored for light industrial and professional office needs. The buildings of Workhouse 417 are designed for ultimate layout and planning flexibility. A classic, contemporary design unifies the buildings and sets the tone for a modern business campus. Business owners can purchase a single office unit of 1,900 sf or they can purchase multiple units up to 15,000 sf. Light industrial units range from 2,695 sf (including a 770 sf mezzanine) to as much as 10,785 sf. In all, there are a total of 24 units available for sale at Workhouse 417. Combining units allow business owners to acquire a substantial commercial property, be it for their own use and/or for investment purposes. This allows maximum flexibility for businesses still growing or downsizing to create rental income from excess space. Trimterra believes in providing spaces you will want to work in, set in buildings that businesses will be proud to stand with their corporate name.

3 The Project The development team has carefully designed Workhouse 417 to meet the needs of professionals and small business owners as if they were to occupy themselves. Applying their unique blend of commercial, development and construction expertise, they work to make the project a creative, collaborative and positive experience for everyone involved; from investors to owners to tenants. Office units feature 9 foot ceilings while industrial units will have 18 foot clear ceiling heights. Buildings will incorporate large windows to provide maximum natural sunlight. Each unit will have it s own rooftop HVAC unit, offering both heating and cooling. The location of the development is ideal with fast easy access to Highway 174 and transit hubs, as well as close proximity to other east end business, industrial and retail amenities. As part of the longterm urban plan for Ottawa East, Workhouse 417 is situated in an area where commercial growth is desired. Site-specific municipal and regional incentives are available for property tax and employment iinitiatives. High quality craftsmanship combined with thoughtful space planning and excellent high quality finishes awill provide entrepreneurs a business address of distinction which will steadily increase in value. The flexibile build and purchase options, combined with the solid design and development experience of the Trimterra team make this a rare and exciting commercial real estate opportunity for small to medium sized businesses.

4 Live. Work. Play. Orleans has now become a destination for not only quality of life, work and entertainment. This project will allow an opportunity for business owners to establish a working environment close to their home, eliminating long commutes and encouraging a live, work, play culture. Businesses will benefit from the close proximity to a quality workforce, great transit, public amenities, shopping and great restaurants. Whether you want to enjoy a BBQ lunch with your employees on the beach at Petrie Island or travel on the O-Train* downtown for a quick meeting; the Workhouse 417 location provides opportunity for business and a quality working environment. 9 1 Place D Orleans Shopping Centre & Future LRT Stop 2 Holiday Inn 3 Shenkman Arts Centre 4 Old Cumberland City Hall YMCA 6 Quality Inn Orleans La Cite College Alphonse-Desjardins Campus 8 Petrie Island Park 7 9 Camelot Golf & Country Club 10 Trim Road Park and Ride Cardinal Creek Village (Tamarack Development - Under Construction Petrie s Landing (Brigil Future Development) Trimterra Workhouse Extension Plan *

5 Site Plan Building C Building B Building A PARK AND RIDE DAIRY DRIVE Building E Building D HIGHWAY 174 TRIM ROAD

6 Building Specifications Parking Spaces 135 new surface spaces, including handicap, per the site plan. Foundation Concrete foundations and slab on grade. Roof R30, LEED compliant roof system with flow control drains for storm water retention and overflow scuppers. Mechanical Systems HVAC system to be sized to suit tenancies. Base building design based on open office configuration. LEED upgrades include economizer for fresh air requirements and water efficient fixtures. Landscaping Landscaping in accordance with park standards. Parking lot to be paved, as per site plan. Structure Description Building is a hybrid structure with a concrete core and structural bays. Floor to floor dimensions will suit minimum ceiling heights of 9 ft for the first floor and the mezzanine floor. Floors are designed to support a maximum of 50 psf live load on elevated floors and 100 psf at slab on grade. Building Envelope Exterior walls to be faced with high quality medal. Exterior glazing to comply with LEED requirements. 5 year warranty on window systems. Exterior entrance doors to be aluminium. Finishing hardware to be commercial grade. Interior Finishes Interior doors to be solid wood core. 3 ½ metal sound insulated stud partitions with primed drywall on both sides. Painting to be applied to all exterior exposed wood and miscellaneous metals, pedestrian doors and frames and exterior gas piping. Interior of all service rooms and spaces shall be primed. Other Commercial grade window blinds for exterior windows.

7 Lease vs. Own The Benefits of Owning Small business owners, professionals and consultants understand the benefits of owning their own Real Estate. Its makes for the best combination of business use as well as monetary use. Owners invest in their people as well as their property. That reality is even more evident given the low interest rate environment of today s market place. Due to these low interest rates, mortgage payments including interest are less expensive when compared to leasing; which in turn help preserve working cash flow. Furthermore, entrepreneurs benefit from the appreciation in property value over time.

8 Financial Analysis When a business owner purchases a 2,690 square foot unit in Workhouse 417, an initial cash outlay of $201,500 will convert to an overall value of $1,170,000 at the end of the mortgage term. Workhouse 417 is the right place, and now is the right time. Purchase Example Invest in your future today. Purchase of on 2,690 sf unit Purchase Price $ 807,000 Down Payment of 25% $ 201,750 1st Mortgage of 75% $ 605,250 ADVANTAGE OF OWNING OVER LEASING Monthly Payment $ 3, Annual P&I Payments* $ 38, Annual Payments psf $ Projected Value** $ 1,170,910 Yearly Payments (incl. interest) $ 38,205 Total Payments Over 25 Years $ 955,125 TOTAL SAVINGS of Owning vs. Renting $ 255,375 Equity After 25 years $ 1,170,000 Leasing Example Lease of a 2,690 sf unit Rental $18.00 psf $ 48,420 Total Rental Payments Over 25 Years* $ 1,210,500 *assuming no increase in rent These assumptions are for illustration purposes only. All financing terms and conditions are subject Lender approval. * Principle & Interest Payments assuming 4% interest rate amortized over 25 years ** Projected value estimated at 1.5% inflation annually Equity After 25 Years NIL

9 The Development Team The Trimterra Team Trimterra Development Corporation acquires, repurposes and redevelops under-utilized commercial real estate. Applying their unique blend of commercial, development and construction expertise, they work to make each project a creative, collaborative and positive experience for everyone involved, from investors to owners to tenants. Founded by three seasoned Ottawa entrepreneurs, Trimterra succeeds by embracing the complex issues that face real estate developers. With a significant combined project portfolio, our principals have the vision, financial experience and demonstrable technical capabilities to develop and manage marquis sites. About the Builder Laurin General Contrator Laurin General Contractor offers exceptional client experiences. VISIT TRIMTERRA.CA In the construction industry, when business is often won or lost on the basis of reputation, Laurin stands apart. Laurin General Contractor earnestly believe that by perfecting every detail of the construction process, they elevate each client experience to new heights. They do so by delivering projects to a consistently high standard, partnering with some of the local industry s most reputable subcontractors, and recruiting top people who are passionate about their crafts. Laurin has experience building exceptional buildings in all business sectors including retail and commercial, public and government, industrial as well as boutique residential developments. The Avison Young Listing Team Ed Belanger, Sales Representative Vice-President ed.belanger@avisonyoung.com

10 Zoning Map IL - Light Industrial Zone Trim Road Dairy Drive

11 Zoning Description IL Light Industrial Zoning (Sec ) Purpose of the Zone The purpose of the IL Light Industrial Zone is to: (1) permit a wide range of low impact light industrial uses, as well as office and office-type uses in a campus-like industrial park setting, in accordance with the Employment Area designation of the Official Plan or, the General Urban Area designation where applicable; (2) allow in certain Employment Areas or General Urban Areas, a variety of complementary uses such as recreational, health and fitness uses and service commercial (e.g. convenience store, personal service business, restaurant, automobile service station and gas bar), occupying small sites on individual pads or in groupings as part of a small plaza, to serve the employees of the Employment or General Urban Area, the general public in the immediate vicinity, and passing traffic; (3) prohibit retail uses in areas designated as Employment Area but allow limited sample and showroom space that is secondary and subordinate to the primary use of buildings for the manufacturing or warehousing of the product; (4) prohibit uses which are likely to generate noise, fumes, odours, or are hazardous or obnoxious; and (5) provide development standards that would ensure compatibility between uses and would minimize the negative impact of the uses on adjacent non-industrial areas In the IL Zone: Permitted Uses (1) The following uses are permitted subject to: (a) the provisions of subsections 203(3) to (6); animal care establishment (Bylaw ) animal hospital automobile dealership automobile rental establishment broadcasting studio catering establishment day care drive-through facility emergency service heavy equipment and vehicle sales, rental and servicing light industrial uses medical facility municipal service centre office park parking garage parking lot place of assembly post office printing plant production studio research and development centre service and repair shop small batch brewery, see Part 3, Section 89 technology industry training centre truck transport terminal warehouse

12 Zoning Description (2) The following uses are also permitted subject to: (a) the provisions of subsections 203(3) to (6); (b) the cumulative total gross floor area for these uses not exceeding 2,999 m2;(omb Order #PL080959, issued September 18, 2009) (c) each use not exceeding 300 square metres of gross floor area; and (d) the provisions of subsection 203(2)(c) above not applying to amusement centre, amusement park and recreational and athletic facility; animal care establishment amusement centre amusement park automobile service station bank bank machine car wash convenience store gas bar instructional facility personal service business recreational and athletic facility restaurant

13 Zoning Description Zone Provisions (3) The zone provisions are set out under Table 203 below. I ZONING MECHANISMS II PROVISIONS (a) Minimum lot area 2,000 m 2 (b) Minimum lot width No minimum (c) Maximum lot coverage 65% (d) Minimum front yard and corner side yard setback 7.5 m (e) Minimum interior side yard setback (f) Minimum rear yard setback (i) for uses listed in subsection 203(1) abutting a residential or institutional zone (ii) all other cases (i) for uses listed in subsection 203(1) abutting a residential or institutional zone (ii) abutting hydro or railway right-of-way (iii) all other cases 15 m 7.5 m 15 m 3.5 m 7.5 m (g) Maximum floor space index 2 (h) Maximum building height (i) Minimum width of landscaped area (i) within 20 metres of a residential zone (ii) in all other cases (i) abutting a residential or institutional zone (ii) abutting a street (iii) in all other cases 11 m 18 m 3 m; may be reduced to one metre if a 1.4 metre high opaque screen is provided 3 m No minimum (4) Accessory display and sales area must be within the same building as the use to which it is accessory and must not exceed 25% of gross floor area. (5) Outdoor storage is prohibited. (6) For other applicable provisions, see Part 2 General Provisions, Part 3 Special Use provisions, and Part 4 Parking, Queuing and Loading Provisions.

14 Zoning Description Exception 295 I Exception Number II Applicable Zone Exception Provisions III Additional Land Uses Permitted IV Land Uses Prohibited V Provisions 295 (By-law ) (By-law ) IL4[295]H (21) IG6[295] IL[295] H(21) - hotel