Retail

508 & 510 Bryne Drive

510 Bryne Drive, Barrie ON

Date Purchased
January 2008
Date Sold
August 2012
Purchase Price
$2,700,000
Sale Price
$2,980,000
Site Area
1.67 acres
Gross Leasable Area
16,580 SF
Fund: Churchill V Real Estate Limited Partnership

Property Description

Located one hour north of Toronto in the City of Barrie, this 1.67 acre property consists of one retail strip plaza (508 Bryne Drive) and one free-standing building (510 Bryne Drive). Constructed in 2002, the net rentable floor area is 16,580 SF, broken down into the plaza (4,928 SF) and the building (11,652 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 106 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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