2813 MCKINSTRY ROAD DESIGNATED EMPLOYMENT LAND - BRADFORD ONTARIO - CBRE
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2813 MCKINSTRY
ROAD
BRADFORD • ONTARIO
DESIGNATED EMPLOYMENT LAND
HWY
88
HWY
McKinstry Road
400
LAND
SPECIALISTS
VIEW SOUTH EAST
Line 5
The DG Group has proposed a 195-
acre, eight-block industrial park, as
well as space for future development, DESIGNATED
a highway interchange block and
sanitary pumping station at this
location (Source: www.simcoe.com).
According to the municipality, Draft
EMPLOYMENT
Plan Approval was granted in 2018. DESIGNATED
EMPLOYMENT LAND
IN BOTH THE
OFFICIAL PLAN &
STRATHALLEN ZONING BYLAWS
The Strathallen Group serviced and subdivided
these lands for a combination of future uses,
including a hotel and conference centre.
A site plan approval for the • 2-12 acre lots
construction of a 240,000 sq. ft. • Sold for ~$675,000-$975,000/acre
facility on a 15 ac. parcel of land was
submitted by MiTek • Only one lot remaining
OFFERING
CBRE Limited is pleased to offer for sale ± 10.03 acres
of commercial/industrial land northeast of Hwy 400 and
Hwy 88 in Bradford, Ontario. The Property is located in
an approved employment development area, offering a
wide range of office, technological, industrial, storage
and retail uses. HWY
88 HWY
In September 2018, Council passed the necessary by-
law to make the Line 5 and Highway 400 interchange 400
under the Ministry of Transportation. Construction of the
bridge is completed and the interchange is now open.
Servicing and development is occurring on lots to the
18% POPULATION
south and west of The Property in the same corridor.
+ LABOUR FORCE
These are being marketed and sold for a significant
premium. Furthermore, development in this corridor is INCREASE
being actively encouraged by the Town of Bradford’s 2013 - 2018 Mc
Kin
stry
Economic Development Office. With the highway Roa
frontage and exposure, development already occurring d
nearby, servicing consultation and planning underway,
and existing Employment land use designation and
zoning, this property represents an exceptional land
investment opportunity in a rapidly growing market $120,211 ANNUAL
area. The industrial real estate sector has been Southern
Ontario’s best-performing non-residential market
HOUSEHOLD
through 2020, with indicators such as projected new INCOME
construction for 2021 showing stronger fundamentals
continuing this trend. FUTURE
SITE DETAILS PERMITTED USES EMPLOYMENT
Size ± 10.03 acres
GROWTH
+ Business Office Repair Establishment
LANDS
ENCOURAGED FOR
Location Northeast of Highway 400 and Highway 88, Bradford COMMERCIAL/INDUSTRIAL + Conservation + Outdoor Display and Sales Area
USES
Frontage ±264 feet along Highway 400 + Data Centre + Outdoor Storage (accessory)
Depth ± 1,660 feet + Day Nursery + Park
Development
+ Emergency Service Facility + Personal Service Establishment
$18.42 per square foot of Gross Floor Area
Charges
+ Financial Institution + Public Works Yard
Property Taxes $1,008.97
+ Fitness Centre + Restaurant
+ Hotel + Retail Store
+ Industrial Use + Service Shop
+ Laboratory/Medical Research Centre + Training Facility
+ Medical Office + Warehousing
+ Motor Vehicle Gas Bar, Washing or ...and more
LAND
SPECIALISTS
VIEW SOUTH
POLICY & PLANNING
The Property’s Official Plan and Zoning By-law
designations permit a wide range of employment uses.
According to Amendment No. 15 to the Official Plan
of the Town of Bradford West Gwillimbury, “The lands
around the Hwy 400/ C.R. 88 interchange are intended
to develop as a node for a specific range of employment
and employment-supportive uses. The Node will
function in a manner complimentary to the employment
area and is intended to develop with a broader range of
industrial, commercial and service uses than permitted
in the balance of the area.” According to the same
amendment, a multi-modal transit core will be created
in close proximity to the Highway 400 and County
Road 88 interchange, providing excellent transportation
access to and from The Site.
Employment Corridor
Official Plan Environmental Protection Area (est. > 5%)
Ontario Regulation XX2/09. Central to the designation
is the intent to create a strategic industrial employment
Official Plan area to accommodate permitted employment uses
Amendment 15 that require large contiguous blocks of land and that
depend upon efficient goods movement and access
provided by the Highway 400 transportation corridor.
Official Plan Amendment for Highway 400 Industrial/
Commercial (Area C) was approved by the Town. The
Official Plan Review has provided a designation for the
Official Plan Site that is in line with the policies of OPA 26, allowing
Amendment 26 for a range of commercial, office, and retail uses that
are similar to the existing policy provisions. It is currently
in draft format.
Zoning By-Law 2017-61 400 Lands Industrial/Commercial:
400C(H71)
HWY
400
*H71 Holding Provision to be removed once a Site Plan Agreement is in place
BY-LAW 2017-61 SCHEDULE B
https://www.townofbwg.com/Shared%20Documents/Planning/Zoning%20
By-Law/2017-61ZBLA-Hwy400EmploymentLands.pdf
SERVICING
Per Amendment No. 15 to the Official Plan of the Town
of Bradford West Gwillimbury, development within the
Highway 400 Industrial Employment Area will generally
occur “initially in the vicinity of the 5th Line and
County Road 88 interchanges… Subsequent phases of
development shall fill in between these two nodes.” The
Amendment also states that landowners may explore a
variety of alternatives to service their holdings and to
extend services to their holdings. The planning, design
and implementation of servicing is to be completed
in concert with adjacent and nearby developers/
landowners.
This strategic industrial employment area will be
developed on full municipal water, storm and sewer
services. At present, there is a transmission water main
Servicing (660 mm) from Sideroad 10 to County Road 27, with
hydrants and chambers along 8th Line (immediately
north of the Site).
HWY
88
LAND
SPECIALISTS INTERNAL SERVICING PLAN
VIEW NORTH
T OAREA
R O N&TMARKET
O I N DHIGHLIGHTS
USTRIAL Q3 2020
STRATHALLEN SUBDIVISION SALES
Address Buyer Size Buyer Notes
K EStirlin
136 Y T R ECastlemore
N D S Developers Purchaser owns & runs an immigration consulting SUPPLY & D E M A N D
2.00 ac. company
Cres. Inc. 8,000 4.0%
• Toronto’s industrial market food and beverage and retail
availability rate remained users. Among
Application theseindustrial
for 30,000sf largercommercial condo
SQUARE FEET (000’S)
5th Sideroad Kleer Capital Corp. 2.12 ac. development 6,000 3.0%
unchanged at 2.0% this quarter. transactions, the majority were
AVAILABILITY
Driven by pre-leased new supply, comprised ofshoe
International renewals,
productionpre-
company based in 4,000 2.0%
5th Sideroad Rieker Shoe Canada 5.21 ac.
net absorption totalled 2.2 leasing
Germanyin withnew construction
Canadian corporate officeor
in Concord, ON
million sq. ft. for a year-to-date off-market deals. 2,000 HIGHWAY 400 MITEK DEVELOPMENT
1.0%
County Rd 88 Fabcrest Metal Products 2.71 ac. Steel manufacturing company originally based in MiTek Canada Inc. is building a new +240,000 sq. ft. manufacturing facility on this 15-
total of 3.0 million sq. ft. Despite Vaughan, ON
County Rd 88 Fabcrest Metal Products 2.65 ac. •
The GTA industrial market 0 acre parcel of land that will combine the company’s current two operations in Thornhill
0.0%
this activity, year-end total & Bradford. It will function as their corporate headqueaters in addition to providing
absorption
County Rd 88 is onOntario
2641109 pace to Inc.record2.35 ac.delivered 12 new buildings -
-2,000 additional manufacturing processes. MiTek is a global supplier of engineered producted
-1.0%
its lowest level since 2014. totalling 2.7 million sq. ft. this Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 for building components industry.
*Under-construction: 95-suite Hampton Inn & Suites with
Highway 400 2665408 Ontario Inc. 2.50 ac. quarter. With an additional
standalone 2.7
drive-thru restaurant 2017 2018 2019 2020
• Average net asking rates million sq. ft. anticipated for
Net Absorption New Supply Availability
Q3 2020 increased nominally for
INDUSTRIAL MARKET completion(CBRE)
a record HIGHLIGHTS by year-end, new
14th consecutive quarter to an supply is anticipated to reach
• Canada wide high
absorption of industrial A V E R A G E NET RENT
all-time of $9.76 per sq. ft.space outperformed
10.8 millionexpectations, recording 6.6M
sq. ft. in 2020.
sq. ft.Overall
of positive absorption
rental rate growth has Continued confidence in $11
• Well above three year average of 5.8M that occurred mostly during economic
moderated since Q1 2020, Toronto’s industrial sector will
expansionary periods
especially in comparison to the see a further 11.4 million sq. ft.
• Increased industrial demand driven by e-commerce space and users expanding inventory $9
20.6% increase recorded
supply requirements for distribution over delivered in 2021. HWY
2019.
• Canada-wide average industrial rents and sale prices have held at all time highs or 88
$PSF
increased further, with the Toronto market outperforming national averages
• availability
Transaction activity forbelow
space10 year average at approximately 2% $7
• GTA rates remain
• GTA’srequirements
net absorptiongreater than
in Q3 accelerated to 2.2 million square feet, moving the year
3 2020 100,000
to date
• Average
total tosq.
andnet
wasasking
ft. picked
3 million
drivenrents
up in Q3
square
in GTA increased for a 14th straight quarter in Q3 2020 to $9.76
by ecommerce, $5
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
• Average sale prices per square foot continued to increase in GTA during Q3 2020
2017 2018 2019 2020
GTA INDUSTRIAL Toronto National HWY
SUPPLY & DEMAND
STATISTICS Q2 2020 Q3 2020 Q/Q AVAILABILITY RATE 400
8,000 Area
Net Rentable 792,454,349 794,394,625 0.2% 4.0% 5%
SQUARE FEET (000’S)
Overall6,000
Availability Rate 2.0% 2.0% - 3.0% 4%
Current Quarter Absorption 933,199 2,169,044 1,235,845
AVAILABILITY
4,000 2.0% 3%
Year-to-Date Absorption 825,043 2,994,087
Current2,000
Quarter New Supply 4,100,064 2,743,889 1,356,175 1.0% 2%
Year-to-Date New Supply 5,381,972 8,125,861
0 0.0%
1%
Under Construction 9,942,678 10,398,153 455,475
-2,000 -1.0%
Average Net Rent
Q3 (psf)Q4 Q1 $9.71
Q2 Q3 Q4 Q1$9.76
Q2 Q3 Q4 Q1 $0.05
Q2 Q3 0%
Q3 Q4 Q1
Average TMI (psf) 2017 $3.86
2018 $3.872019 $0.01
2020 LINQ2
E 6 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2017 2018 2019 2020
Average Sale Price (psf) $222.10
Net Absorption $240.19
New Supply $18.09
Availability
Toronto National
A V E R A G E NET RENT
$11
Toronto: Office | INDUSTRIAL
OAD
Canada $9 Vancouver
SERVICING
Calgary Edmonton Winnipeg London Waterloo Ottawa Montreal Halifax All Stats LAND
IDE R
SPECIALISTS
$PSF
$7
5th S
The Site: +10 acres of employment land DG Group: +100 acres of employment land
$5 Rezoned for temporary concrete recycling and Strathallen: +100 acres of subdivided, serviced
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 storage facility as well as ancillary retail sales and sold employment lots (under construction)
2017 2018 2019 2020 on reclaimed materials Existing Water & Sanitary Services
Toronto National
VIEW WEST
Holland St. Square
SmartCentres Bradford + LCBO
+ Walmart Superstore + Zehrs
+ Dollarama + Home Depot
+ RBC Royal Bank + BMO Bank of Montreal
+ CIBC + Scotiabank
+ Goodlife Fitness + TD Canada Trust
+ Tim Hortons + Rexall
+ Petro-Canada + Beer Store
+ McDonalds 4
1
3
HWY
88
2
HWY
400
COMPARABLE LAND SALES
4
No. Address Land Ac. Sold Date Price Price/Ac. Land Use
2 3 1
2
1 3154 County Rd 88 9.82 5/29/2020 $3,520,000 $358,635 Agricultural
2 2829 McKinstry Rd 10.02 2/28/2020 $3,650,000 $362,308 Employment
2
3 3170 County Rd 88 9.88 5/31/2018 $3,300,000 $334,008 Agricultural
2
4 3116 County Rd 88 9.01 2/24/2017 $3,375,000 $416,204 Agricultural
ASKING PRICE
CONTAC T INFO $4,000,000
CBRE Limited Daniel Satoor Jason Child* Ian Hunt* Torey Ferrelli
2005 Sheppard Ave E Sales Representative Senior Vice President Senior Vice President Sales Representative
Suite #800 T +1 416 495 6203 T +1 416 495 6249 T +1 416 495 6268 T +1 416 495 6246
Toronto, ON, M2J 5B4 daniel.satoor@cbre.com jason.child@cbre.com ian.hunt@cbre.com torey.ferrelli@cbre.com
*Sales Representative | All outlines are approximate
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent
LAND
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 SPECIALISTS
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: Canadian Mapping Services canadamapping@cbre.com; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth 06/20. www.cbre.ca/child-hunt
To Receive the Due Diligence Package Please Complete and Return to allison.conetta@cbre.com
CONFIDENTIALITY AGREEMENT FOR 2813 MCKINSTRY ROAD, BRADFORD
The undersigned hereby acknowledges that CBRE Limited (“CBRE”); through Jason Child, Ian Hunt, and Daniel Satoor have been retained by
the Vendor on an exclusive basis to arrange the sale of 2813 McKinstry Road, Bradford (the “Property”). All Inquiries and communications
with respect to the property shall be directed to any of the above listing agents of CBRE. We have requested from the Vendor and CBRE,
information, including confidential and proprietary information, which has not been generally disclosed to the public, for use in evaluating a
potential purchase of the Property.
In exchange for good and valuable consideration provided by the Vendor and CBRE, including, without limitation, the receipt and sufficiency
of which is hereby acknowledged, we agree to keep confidential any and all information supplied to us concerning the Property that is not a
matter of public record and not to utilize any such information for our own benefit (or for the benefit of anyone else) other than for the evaluation
of the Property with respect to a potential purchase.
We understand that we may transmit any such information to partners, officers, directors, employees or legal or financial advisors (collectively,
“representatives”) but only to the extent that they need to know such information for the purpose of such evaluation. We undertake to inform
such representatives of the confidential nature of such information and that they will be bound by the terms of this Agreement. We agree to
be responsible for any breach of this Agreement by our representatives. We agree that any legal, financial or any other third party advisors that
are retained by us, to act on our behalf, will be compensated by us. This shall include outside brokers.
We acknowledge that information being delivered to us with respect to the Property is subject to the limitations on liability and disclaimers for
the protection of the Vendor and CBRE.
We agree to indemnify and save harmless the Vendor and CBRE from any claims, losses, damages and liabilities whatsoever (including legal
fees on a substantial indemnity basis and disbursements) arising out of a breach by us or any of our representatives of any of the terms or other
provisions of this Agreement. CBRE and the Vendor also reserve the right not to release information.
The Buyer agrees to continue to work through CBRE Limited for the above mentioned property including offers within 12 months after the
expiration of the Listing Period, so long as the Buyer wishes to make any offer within said timeframe and the Buyer was introduced to the
Property during the Listing Period or shown the Property during the Listing Period, which the Buyer has acknowledged by signing below.
The Buyer agrees that any and all communication with regards to this property shall be done so through CBRE. The Buyer and or their
representative will not at any time contact the vendor directly.
CBRE is exclusively representing the Vendor and will not act on behalf of any potential purchasers. With the execution of this Confidentiality
Agreement, the undersigned acknowledges that they are undertaking this investigation of the Property at their sole risk and expense and that
under no circumstances will any amounts expended by the undersigned for its due diligence investigation or review be paid or reimbursed by
the Vendor or CBRE. A fax or scan of a signed copy, or an electronic submission, of this Agreement shall be deemed to be an original signed
copy.
THE SECTION BELOW MUST BE COMPLETED IN FULL PRIOR TO ANY INFORMATION BEING RELEASED.
Proponent Name __________________________ Representative/Advisor ______________________
Company ___________________________ Company ___________________________
Email Address ___________________________ Email Address ___________________________
Phone Number ___________________________ Phone Number ___________________________
Date Signed ___________________________ Date Signed ___________________________
Signature _________________________ Signature ________________________
(I have the authority to bind the Corporation)
This disclaimer shall apply to CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein (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.
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