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]
51 Elm St, Sudbury ON
Date Purchased
January 2008
|
Date Sold
September 2014
|
Purchase Price
$5,000,000
|
Sale Price
$6,590,000
|
Site Area
1.09 acres
|
Gross Leasable Area
38,583 SF
|
Fund: Churchill V Real Estate Limited Partnership |
This attractive two-storey red brick office complex is located in the heart of downtown Sudbury – the major retail, economic, health and educational centre for Northeastern Ontario. The 1.09 acre property benefits from exposure to Elm Street, a main thoroughfare, easy access to Hwy 17, as well as a 73-stall external paved parking area which is essential in downtown Sudbury, where parking is in high demand. Churchill negotiated the expansion and renewal of TD Canada Trust, the major tenant that occupies approx. 60% of the 38,583 SF of leasable space in the complex. The property was originally acquired in January 2008 and was sold in September 2014.
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