Churchill Barrie Power Centre Limited Partnership was syndicated in 2008 and offered investors an opportunity to participate in acquiring, owning, operating and maximizing the value of a portfolio of recently constructed retail commercial real estate assets located adjacent to Highway 400 in Barrie, ON. Consisting of four (4) retail properties located in the Barrie Power Centre, an architecturally cohesive, well-maintained and attractive business park that accommodates a wide range of commercial and light industrial users, the total gross leasable area of the portfolio is 87,862 SF. Examples of well recognized tenants include Princess Auto, XS Cargo, HSBC Finance, Pro-Golf, among others. The investment properties are intended to provide a stable stream of income from a very strong roster of national tenants and very established tenancies of local retailers. This offering required a minimum investment of $100,000 and was available to Accredited Investors only. Churchill Barrie Power Centre Limited Partnership was fully subscribed and completed in August 2016.
|Property Name||Location||Asset Type||SF||Purchase Date||Purchase Price||Sale Date||Sale Price||Value +/-|
|11 Commerce Park Drive||Barrie, ON||Retail||18,181||April 2008||$2,050,000||August 2016||$3,020,000||$970,000|
|22 Commerce Park Drive||Barrie, ON||Retail||21,706||April 2008||$3,400,000||August 2016||$3,345,000||$-55,000|
|28 Commerce Park Drive||Barrie, ON||Retail||17,643||April 2008||$2,600,000||August 2016||$2,657,000||$57,000|
|31 Commerce Park Drive||Barrie, ON||Retail||30,332||April 2008||$3,900,000||August 2016||$4,835,000||$935,000|
|Aggregate SF:||87,862||Aggregate Purchase:||$11,950,000||Total Gross Profit Margin:||$1,907,000|