Property Description

Investment Highlights

• Current Net Operating Income of $1,136,083, Representing a Cap Rate of 5.41%, with Escalations in Leases Resulting in a Pro Forma Cap Rate of 5.66%
• 96,817 SF Plaza on Approximately 6.38 Acres
• Plaza is Currently Fully Leased
• Property is Priced Below Replacement Cost (Including Land Acquisitions Costs)
• Net Leases in Place with Minimal Landlord Responsibility
• Mixed-Use Development Potential with Zoning Permitting the Construction of 25 Stories of Residential High-Rises & Townhouses
• High Traffic Area with over 29,000 Vehicles Passing the Property Daily
• City of Ajax has a program in place to waive development charges

Offering Summary

• Gross Leasable Area: 96,817 SF
• Lot Size 6.38 Acres
• Cap Rate 5.66% Pro forma

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