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  • Vendu
Allen Square - Value Add Office Invesment - #1
Allen Square - Value Add Office Invesment - #2
Allen Square - Value Add Office Invesment - #3
Allen Square - Value Add Office Invesment - #4
Transit oriented Urban Location
+ Waterloo Region is strong, diverse and growing
+ Uptown Waterloo has the lowest vacancy rate in the Region
+ The Bauer Node is a growing "Live–Work–Play" neighbourhood
+ Amenities including The Bauer Kitchen and Vincenzo’s only steps away
+ Walk Score of 85 “Very walkable”
+ LRT stop steps from the front door
+ Rising rents in the market

Well Maintained Asset
+ Institutionally owned for 40+ years
+ Approximately 1 acre site improved with 7-storey, 110,285 SF office building
+ 16,400 SF floor plate; offering both single & multi-tenant floors
+ Underground and surface level deck parking on site, plus parking agreements in place at nearby churches for additional stalls
+ Record of Site Condition (RSC) filed in June 2020
+ Free and clear of financing

Value Add Opportunity
+ Take a sizable position in the Uptown Waterloo market
+ Reposition, re-brand and re-lease this building
+ Acquire well below replacement cost
+ Average rents +/- $2.50 below Downtown Waterloo average; WALT of 1.57 years indicates an opportunity to achieve market rents in the near term
+ Space available to add a ground floor café or amenities to animate the building
+ Uptown Mixed Use (U2-30) Zoning allows mixed use multi residential up to 9 storeys
+ Low average in-place rents

To gain access to the private data room please download and sign the Confidentially Agreement attached, and send it to: janice.scicluna@colliers.com
  • 07/01/2022
  • Sold