On behalf of our client, Algonquin College of Applied Arts and Technology (the “Seller”), CBRE Limited (the “Advisor”) is pleased to offer for sale a 100% freehold interest in 7 Craig Street in Perth, Ontario (the “Offering”, the “Site”, or the “Property”).
The Property represents a 12.34 acre improved site with four buildings totaling 48,221 square feet of net rentable area. Building A is a 24,645 square feet of office space, Building B is 17,579 square feet of industrial space, Building C represents a stand-alone industrial building with 2,916 square feet of net rentable area, Building D is a storage building with 2,486 square feet of area (not included in the net rentable area), and Building E is a freestanding Office building with 3,081 square feet of net rentable area. Of the 12.34 acres, approximately 7 acres of the land area is deemed developable.
The Property is being used by the Seller until August 31, 2026. The Seller is open to an earlier closing with a sale-lease back of the Property. The Property is being offered unpriced and the Seller is entertaining offers as they come in. The Seller reserves the right to impose a Bid Date if it deems it in its best interest.