model city mall

RECEIVERSHIP SALE
MODEL CITY MALL
25 BRUNETVILLE ROAD, KAPUSKASING, ON
RETAIL INVESTMENT GROUP
BRAD WALFORD
Sales Representative
Sales Associate
416 495 6241
[email protected]
SEAN COMISKEY
Sales Representative
Sales Associate
416 495 6215
[email protected]
w w w.c b r e.c a/r ig-sc-bw
CBRE LIMITED
2001 Sheppard Avenue East
Suite 300
Toronto, ON
416 494 0600
FOR SALE
MODEL CITY MALL
CBRE’s Retail Investment Group is excited to
present the Receivership Sale of Model City Mall in
Kapuskasing, Ontario. The Property offers an attractive
roster of tenants including Canadian Tire, Shoppers
Drug Mart, LCBO, TD Canada Trust, The Source and
Hart Stores. Sitting on 11.27 acres, the 169,031 sq.
ft. enclosed mall allows for numerous value-add or
reposition opportunities. Kapuskasing is the largest
community located directly along the Trans-Canada
Highway between Thunder Bay and Timmins and
serves many surrounding communities consisting of
a population base of approximately 15,000 people.
The Mall is also adjacent to an Independent Grocer
that was recently acquired by Choice Properties REIT.
KAPUSKASING, ON
LEASEABLE AREA:
169,031 sq. ft. +
approx. 40,000 sq. ft. storage
SITE AREA:
11.27 acres
Y E A R B U I LT:
1970
O C C U P A N C Y:
73.6%
P R O P E R T Y TA X E S : $205,190 (2015)
KEY TENANTS:
Canadian Tire
LCBO
Shoppers Drug Mart
The Source
TD Bank
Hart Stores
INVESTMENT HIGHLIGHTS
• Primary shopping destination for Kapuskasing and surrounding areas
• Strong tenant base
• Multiple value enhancement opportunities
3 minutes from
Trans-Canada
Highway
FOR MORE INFORMATION
PLEASE CONTACT:
* Sales Representative
Sean Comiskey*
Brad Walford*
Sales Associate
Sales Associate
416 495 6215
416 495 6241
[email protected]
[email protected]
Only enclosed
Average family
mall within
income of
172 km
$81,725
(2009)
CBRE Limited, Brokerage | 2001 Sheppard Avenue East | Suite 300 | Toronto, ON M2J 4Z8 | T 416 494 0600 | F 416 494 6435
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