Industrial Properties
Brick Distribution Center
Montréal, Canada
Location
10,001 Boulevard Metropolitan East, Anjou, Quebec, Canada. Located on the Metropolitan Highway.
Size
329,000 sq/ft of leased area. Exiting lot permits a future expansion of an additional 240,000 sq/ft, expansion will take place in the near future.
Tenant
Largest furniture/appliance retailer in Canada with over 162 retail stores in Canada. Sales are over $1.3 Billion. The Brick has become an income trust and is traded on the Toronto stock exchange. The company was founded since 1971.
Rating
BBB+
Lease terms
20 years term.
Contractual rent increase every 5 years
NNN (carefree for the owner).
Molson Distribution Center
Montréal, Canada
Location
1900 Dickson Street, Montreal, Canada. Located on the main road entering the Montreal shipping Port.
Size
225,000 sq/ft of leased area. Exiting lot permits a future expansion of up to 150.000 sq/ft.
Tenant
Coors-Molson; third largest Beer Company in North America
Company Rating
BBB+
Lease terms
15 years term – expiry date is
Contractual rent increase every 5 years
NN lease (Not including roof and structure).
Nellson Plant
Montréal, Canada
Location
Nellson Nutraceutical manufacturing plant 1125 – 50th Avenue, Lachine, Montreal Canada. Located on Highway # 20, besides the International Montreal Airport.
Size
210,710 sq/ft of leased area. Exiting lot permits a future expansion of 50,000 sq/ft.
Tenant
Nellson Nutraceutical Inc is the largest energy bar producer in North America holding a 65% market share of the energy bar production. Nellson produces the bars to the leading food companies in America such as: Krafts Foods, Slim Fast, Ross products Inc and Weight Watchers Inc. Nellson has generated Revenues of $380 Million for year end 2003.
Rating
BBB
Lease terms
15 years term.
Contractual rent increase every 5 years
NNN (carefree for the owner).
Spectra Plants
Boucherville, Canada
Location
Spectra Manufacturing plants
1451 Ampere Street, Boucherville, Quebec, Canada.
1313 HWY Chomedey, Laval, Quebec, Canada.
Both plants are located on main highways leading to Montreal.
Size
The Boucherville plant consists of 437,875 sq/ft.
The Laval plant consists of 176,000 sq/ft.
Tenant
Spectra Premium Industries Inc is a North American leader in the manufacture of automobile, light-truck and heavy-duty truck aftermarket parts and Manufacture of high-pressure die cast magnesium alloy parts and steel fuel tanks in the Original Equipment Manufacturer (OEM). The company produces and sells approximately 500,000 units of each per year.
Spectra has generated Revenues of $230,000 Million for year end 2004. The company is traded on the Toronto Stock exchange.
Rating
BB
Lease terms
20 years term.
Contractual rent increase every 5 years
NNN (carefree for the owner)