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]
246 Victoria St. North, Kitchener ON
Date Purchased
July 2008
|
Date Sold
February 2017
|
Purchase Price
$8,700,000
|
Sale Price
$11,020,000
|
Site Area
3.1 acres
|
Gross Leasable Area
53,960 SF
|
Fund: Churchill V Real Estate Limited Partnership |
Located in the City of Kitchener (100 kms west of Toronto), this high profile, mixed-use property on 3.1 acres is ideally situated on the busy thoroughfare of Victoria Street North, minutes from the downtown core with easy access to Hwy 401. The two-building complex has gross leasable area of 53,960 SF and includes 260 parking spaces. The 22,360 SF three-storey office building at 236 Victoria St. North was originally constructed in 1907 with a complete renovation of the building occurring in 2002, and again in 2016. The 31,600 SF state-of-the-art fitness centre at 264 Victoria St. North is a partial two-storey building constructed in 2002 to superior quality and is occupied entirely by North American fitness industry leader LA Fitness. The property was acquired in July 2008, and divested in February 2017.
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