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MIXED-USE INVESTMENT OPPORTUNITY INVESTMENT SUMMARY 22 COLLEGE

COLLEGE MIXED-USE INVESTMENT OPPORTUNITY...22 COLLEGE STREET (the “Property”, “22 College”) represents a unique opportunity to acquire a 100% freehold interest in a boutique,

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Page 1: COLLEGE MIXED-USE INVESTMENT OPPORTUNITY...22 COLLEGE STREET (the “Property”, “22 College”) represents a unique opportunity to acquire a 100% freehold interest in a boutique,

MIXED-USE INVESTMENT OPPORTUNITY

INVESTMENT SUMMARY

22COLLEGE

Page 2: COLLEGE MIXED-USE INVESTMENT OPPORTUNITY...22 COLLEGE STREET (the “Property”, “22 College”) represents a unique opportunity to acquire a 100% freehold interest in a boutique,

22 COLLEGE STREET (the “Property”, “22 College”) represents a unique opportunity to acquire a 100% freehold interest in a boutique, mixed-use building in Downtown Toronto.

Originally constructed in 1910, 22 College comprises an attractive five-storey, 33,514 sf building with unique architectural aesthetics and exceptional streetfront exposure at the epicenter of Toronto’s Downtown North node. The Property is currently 100% occupied by the London School of Business and Finance (LSBF) until April 2020.

THE OPPORTUNITY

GLOBALLY ESTABLISHED TENANT

The London School of Business and Finance is a member of Global University Systems (GUS), an international network of higher education institutions with campuses in North America, Europe, and Asia. Two GUS institutions, The Language Gallery and Toronto School of Management are operated at the Property offering English and German language courses and career focussed business administration and accounting courses.

PROPERTY SUMMARY

SITE AREA0.14 acres (~6,000 sf)

YEAR BUILT (RENOVATED) 1910 (2013)

NUMBER OF STOREYS5 (plus lower level)

NET RENTABLE AREA33,514 sf (BOMA 1996)

GROSS BUILDING AREA 39,944 sf

AVERAGE FLOOR PLATE ~5,600 sf

Page 3: COLLEGE MIXED-USE INVESTMENT OPPORTUNITY...22 COLLEGE STREET (the “Property”, “22 College”) represents a unique opportunity to acquire a 100% freehold interest in a boutique,

22COLLEGE

YON

GE

ST.

COLLEGE ST.

DUNDAS ST.

BA

Y ST.

FINANCIALDISTRICT

ENTERTAINMENT DISTRICT

DISCOVERYDISTRICT

EATON CENTRE

CITY HALL

COLLEGE PARK

College

Dundas

Osgoode

St. Patrick

Queen’s Park

Ryerson University

CH

UR

CH

ST.

Queen

HIGHLY DESIRABLE LOCATION

22 College occupies a high profile position on the north side of College Street, just metres west of its intersection with Yonge Street, Toronto’s ‘Main Street’ linking the Downtown Core with the City’s Midtown and Uptown areas.

The Property possesses an enviable position on the Yonge corridor, featuring a plethora of street front retail and dining options such as College Park, a landmark mixed-use retail and office complex which is situated directly across the street. The Yonge Street node has a variety of well-established retailers along with an increasing number of international chains expanding into the surrounding areas including the Bloor-Yorkville shopping district and the Eaton Centre, both of which are just minutes away. The Property is also in close proximity to the University of Toronto, Ryerson University, the Discovery District, the Financial and Entertainment districts, and City Hall.

EXCELLENT ACCESSIBILITY22 College is served by numerous convenient transit services. The College subway station is just steps from the Property, providing direct access to the Yonge-University subway line and connections to the Bloor-Danforth and Scarborough LRT lines. Union Station, Toronto’s main transit hub is only four stops south of College subway station and offers commuter services throughout the GTA and the surrounding areas via Toronto Transit Comission (TTC), GO Transit bus and train routes, Greyhound buses, and the VIA Rail system. TTC streetcar and bus routes can also be conveniently accessed just outside the Property.

THRIVING DOWNTOWN NODE

The Yonge and College area has experienced unprecedented retail and residential development in recent years owing to the area’s unique accessibility, proximity to the Downtown Core and abundant surrounding amenities. Over 5,500 new residential units have been completed in the area in the past three years with an additional 4,000 units under construction or close to completion. The great growth potential of the area and the success of recent new developments has prompted several new proposed projects, with almost 9,000 additional units planned. Recently completed projects in the area include the One Bloor building by Great Gulf, Karma by Lifetime Developments, and Canada’s tallest condominium tower – Aura at College Park.

Page 4: COLLEGE MIXED-USE INVESTMENT OPPORTUNITY...22 COLLEGE STREET (the “Property”, “22 College”) represents a unique opportunity to acquire a 100% freehold interest in a boutique,

JONES LANG LASALLE REAL ESTATE SERVICES INC.Bay Adelaide East, 22 Adelaide St. W., Suite 2600Toronto, ON M5H 4E3tel +1 416 304 6000 fax +1 416 304 6001www.joneslanglasalle.ca

FREE & CLEARThe Property is free and clear of existing financing, enabling a prospective purchaser to take advantage of historically low interest rates and maximize leveraged returns on the investment.

OFFERING PROCESSJones Lang LaSalle Real Estate Services Inc. (the “Advisor”) has been exclusively retained by KS 22 College Street Inc. (the “Vendor”) to seek proposals to acquire the Property. Interested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving detailed information about the Property, and will be invited to submit a Letter of Intent (“LOI”) on a specific date that will be communicated by the Advisor at least fourteen (14) days in advance.

All inquiries regarding the Property should be directed to:

Matt Picken(416) [email protected]

Bryce Gibson(416) [email protected]

Jenny Daly(416) [email protected]

Elliot Medoff(416) [email protected]