Sunstone Opportunity Fund (2007) Investment Properties

immins Square is predominately located on Riverside Drive, the primary commercial corridor in the region, with high daily traffic exposure and in close proximity to the Trans-Canada highway. The Centre draws a broader catchment from other parts of Northeastern Ontario such as Cochrane, Iroquois Falls, Kirkland Lake, Smooth Rock Falls, and Kapuskasing. Located at the intersection of Highway 101 (Riverside Drive) and Shirley Street, shopping centre is home to major retailers including No Frills, SportChek, Winners and Dollarama.

Address:  1500 Riverside Dr, Timmins, ON

Building Size:   390,618  sq. ft.
Year Built:   
Tenancy:  Multi
Zoning:   C-4 Shopping Centre Zone

Contact

P:  604-681-5959
E:  info@puremultifamily.com
  • Purchase price: $18,550,000
  • Purchase date: December 2007
  • Mortgage: $11,550,000
  • Interest rate: Canadian Dollar Offered Rate + 1.25%
  • Debt maturity: December 2020
  • Rentable area (sq. ft.): 390,618
  • Site area (acres): 52.0
  • Key tenants: Mark's Work Wearhouse, Winners, Sport Chek, No Frills grocery store, and Urban Planet
  • Property type: Shopping centre