EMPLOYMENT REDEVELOPMENT SITE / USER OPPORTUNITY

FORSALE

60BIRMINGHAM STREETTORONTO

18.9 ACRES

STRATEGIC LOCATIONThe general area, known as New Toronto, is home to a large industrial corridor which services the City of Toronto and GTA with great access to main railways and commuter routes. Currently the area is home to Canpar, Lantic Sugar, the Toronto Police Academy, Pioneer Engineering and the Daily Bread Foodbank who benefit from this strategic location.

The Property benefits from an exceptional waterfront location in south Etobicoke. In addition to superior access to major commuter routes (Gardiner Expressway, Highway 427, QEW), the Property is located within close proximity to the Mimico GO train station (1.5 km) as well as streetcar and bus services on Lake Shore Boulevard West (route 501, 301, 145) and bus service on Islington Avenue (route 110) all within 500 meters.

STRONG INDUSTRIAL MARKET FUNDAMENTALSThe industrial leasing market is currently experiencing a surge in demand, with industrial availability at a record-low of 2.1% in the GTA. Furthermore, overall GTA industrial asking lease rates rose by 7.5% year-over-year which when combined with the scarcity of space are fueling powerful momentum in this sector. The same story is playing out in the user sale market, with buildings trading at very strong pricing per square foot.

OPPORTUNITY OF SCALEThe Property represents an increasingly rare opportunity to secure 18.9 acres of industrial-commercial development land in the City of Toronto. Defined as a Core Employment Area by the City of Toronto Official Plan (amendment 231), the Property is not only

ideally suited for continued use as a manufacturing / warehousing facility, but also has significant potential for redevelopment for office, media, information technology, education or research and development uses (among others). The site is zoned E1 (x54), which further permits a wide range of employment based uses.

HIGH QUALITY EXISTING FACILITYThe existing manufacturing and warehousing facility is 616,716 square feet in size, including 368,454 square feet of food-grade production space, 188,262 square feet of warehousing space (including both cold and frozen storage) and 60,000 square feet of office space. Clear heights range from 13 to 30 feet, and shipping is provided through 25 dock level doors.

60 BIRMINGHAM STREET, TORONTO | EMPLOYMENT REDEVELOPMENT / USER OPPORTUNITY

LAND AREA: 18.9 acres

FRONTAGE: 707 feet on Birmingham Street1,164 feet on Dwight Avenue706 feet on New Toronto Street

BUILDING AREA:

616,716 square feet (total)Office: 60,000 sf Production: 368,454 sfWarehouse: 188,262 sf

CLEAR HEIGHT: 13 to 30 feet

LOADING: 25 dock level doors

ZONING: E1 (x54)

ISLINGTON AVENUE

INVESTMENT HIGHLIGHTS PROPERTY DETAILS

427

GARDINER EXPRESSWAY

ISL

ING

TO

N A

VE

NU

E

ROUTE 501, 301, 145

RO

UT

E 11

0

LAKE SHORE BOULEVARD W

N

60BIRMINGHAMSTREET

BIRMINGHAM STREETDW

IGHT AVENUE

NEW TORONTO STREET

KIP

LIN

G A

VE

NU

E

BR

OW

NS

LIN

E

THE QUEENSWAY

MIMICO

RO

YA

L Y

OR

K R

OA

D

LONGBRANCH

ROUTE 76, 80

60 BIRMINGHAM STREET, TORONTO

Dan Rogers* Vice President, Capital Markets416 359 2352 dan.rogers@cushwake.com

Daniel Hubert** Vice President, Industrial416 756 5454 daniel.hubert@cushwake.com

Peter Schmidt** Executive Vice President, Industrial416 756 5460 peter.schmidt@cushwake.com

James Mildon** Associate, Industrial416 756 5463 james.mildon@cushwake.com

Cushman & Wakefield ULC, Brokerage161 Bay Street, Suite 1500, Toronto, ON M5J 2S1416 862 0611 cushmanwakefield.com

FOR MORE INFORMATION, CONTACT:

©2018 Cushman & Wakefield ULC, Brokerage. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE. *Broker **Sales Representative

Cushman & Wakefield ULC has been retained as exclusive advisor (“Advisor”) to seek proposals for the disposition of 60 Birmingham Street, Toronto, Ontario.

The Property is offered for sale on an unpriced basis and free and clear of financing. The Vendor’s objective is to maximize upfront cash sale proceeds and preference will be given to offers with limited (or no) conditionality and a timely closing.

Interested parties will be required to execute and submit the Vendor’s form of Non-Disclosure Agreement prior to receiving the information on the Offering. Submission of a Letter of Intent (“LOI”) will be on a specific date that will be communicated by the Advisor at least seven (7) days in advance.

All enquiries and LOIs should be addressed to the attention of the Listing Team, as noted below.

OFFERING GUIDELINES

Andrew Morrow** Vice President, Food & Beverage Group905 501 6489andrew.morrow@cushwake.com