Churchill Barrie Power Centre Limited Partnership

Status Completed

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.

Investment Summary

Syndicated 2008

Unit Size $1,000

Total Units 5,100

Total Equity Raised $5,100,000

Date Completed 2016

Properties Acquired 4

Properties Divested 4

Properties Remaining 0

Property Name	Location	Asset Type	SF	Purchase Date	Purchase Price	Sale Date	Sale Price	Value +/-
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
11 Commerce Park Drive	Barrie, ON	Retail	18,181	April 2008	$2,050,000	August 2016	$3,020,000	$970,000
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

Looking to Invest in a Property?