Churchill International Property Corporation
Suite 1010, 1040 West Georgia Street, Vancouver, BC Canada V6E 4H1
T: 604.689.8500
F: 604.689.5910
E: [email protected]
501 Bryne Drive, Barrie ON
Date Purchased
January 2008
|
Date Sold
August 2012
|
Purchase Price
$3,500,000
|
Sale Price
$3,938,000
|
Site Area
1.96 acres
|
Gross Leasable Area
18,506 SF
|
Fund: Churchill V Real Estate Limited Partnership |
Located one hour north of Toronto in the City of Barrie, this 1.96 acre property consists of a retail pad site (501 Bryne Drive) and a retail strip plaza (505 Bryne Drive). Constructed in 1999, the net rentable floor area is 18,506 square feet, broken down into the pad site (3,980 SF) and the retail plaza (14,526 SF). The complex is located in an architecturally cohesive, well maintained and attractive business park that accommodates a wide range of commercial and light industrial users. There is onsite surface parking for approximately 180 cars, and the scale and range of retail/service industrial users located in the immediate vicinity generates significant vehicular traffic. The property was acquired in January 2008 and sold in August 2012.
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