Timmins Square - 35% interest
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
||390,618 sq. ft.
||C-4 Shopping Centre Zone
- 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