321 University Avenue, Belleville, Ontario

For Sale

$5,000,000 | 220,837sq. ft. | Industrial Building

Rogers & Trainor Commercial Realty Inc.

20 Gore Street, Suite 102 Kingston, Ontario

613-384-1997

www.rtcr.com

Kostas DoulasBroker of Record

613-384-1997 (17)kdoulas@rtcr.com

Laurence TrainorBroker

613-384-1997 (11)ltrainor@rtcr.com

Providing SolutionsAll information provided is deemed reliable but is not guaranteed and should be independently verified.

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Location: Belleville is situated on Hwy 401 between Montreal and Toronto. Just an hour drive east the 401 connects with Interstate 81 (New York) which travels into the heartland of the USA. The nations capital, Ottawa, is accessed by Hwy 416 which meets Hwy 401 approx. 90 minutes east of Belleville. Hwy 401 provides direct access to all major cities along the major transportation corridor between Detroit and Montreal, making this location ideal for distribution/warehousing uses.

The subject property is located on the south side of Hwy 401 just west of Jamesion Bone Rd. East of Bell Blvd. and the main shopping district.

Building Area: 220,837sq. ft.

Lot Size: 22.89 acres

Zoning: M-Industrial

Sale Price: $5,000,000

Price psf: $22.64

Taxes: $323,664 (2012 est.)

The property is well located in the north east industrial park, which is known for its strong and diverse base within the City of Belleville. The property’s close proximity to Hwy 401 makes it ideal for shipping.

The City of Belleville is centrally located between Ottawa, Montreal and Toronto with over half of North Americas major cities within a days truck run. With additional access to Provincial Highways 62 and 37, trucks can easily get where they need to go and back again quickly.

Belleville offers some of the most competitive wages in the country, ranging from just over $10.25 per hour to $22.00 per hour and up for skilled labour. The City offers competitive water, sewage treatment and utility rates, and the City Council has worked hard to reduce the industrial tax rate. Belleville has state-of-the-art communication infrastructure, including digital switching and fibre optic cabling, a labour force of more than 120,000 people and a low rate of unionization.

Proximity To:Kingston............82km Montreal...................................360kmToronto............186km International Bridge to US...........83kmOttawa.............241km

Toronto

Belleville

OttawaMontreal

All information provided is deemed reliable but is not guaranteed and should be independently verified.

321 University Avenue, Belleville, Ontario

For Sale

$5,000,000 | 220,837sq. ft. | Industrial Building

321 University Avenue, Belleville, Ontario

For Sale

$5,000,000 | 220,837sq. ft. | Industrial Building

Property Features:The site is improved with an irregular shaped owner-user industrial building comprising a total gross floor area of220,837sf. There is approx.. 22,000sf (10%) of office space at the front of the building on the mezzanine level in the plant.

The plant area contains approx. 198,837sf. The building was originally built in 1969 and added to over the courseof 24 years, the most recent expansion taking place in 1993. There are 7 different clear ceiling heights in the plantarea ranging between 26' and 36'. The building is set back from University Avenue toward the back half of the site leaving an extensive grassed area at the front. There is perimeter chain link fencing surrounding the buildingwith automated chain link fence gates at the east and west of the building. A paved driveway surrounds thebuilding.

The plant section is divided into various areas in the processing of resin pellets into flexible packaging for a wide range of uses. The plant floor area is divided into three main areas, the processing of resin into large rolls of packaging material; warehousing of the rolls; slitting of the rolls then shipping the rolls out for packaging. The warehouse area which has the highest ceiling height (36 feet clear), contains specialized racking for the storage of the large rolls of packaging material. The various plant area are interconnected by drive through openings.

Several Accessory Buildings On Site:•An unheated metal clad storage shed•Two oil storage sheds•Emergency generator shed•Security gate house•Water tank•Cooling tower•Fire pump shed•8 resin silos

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Parking: Ample on site, common

Services: Full municipal services available

PIN#: 405200156

Roll#: 120807022500402

Legal Description: PT LT 9 CON 2 THURLOW; PT RDAL BTN LT 8 CON 2 & LT 9 CON 2 THURLOW AS IN Qr274828; BELLEVILLE; COUNTY OF HASTINGS

Age: 1969,1980,1985,1989, last expansion in 1993

Loading: 11 dock level doors and 1 drive-in level door

Ceiling Height: 26'-36'

Structure•Footings: Perimeter base concrete•Slabs: Reinforced concrete up to 8 inches thick in some places•Exterior Walls: Mostly metal siding on plant walls and brick veneer on front office section•Framing: Structural steel •Windows: Double glazed windows in metal frames in the front office section

Interior•Floor Coverings: Various from concrete in the plant area to carpet, vinyl and ceramic in the office areas•Walls: Painted concrete block drywalland/or coverings•Ceiling: Acoustic tiles in office area,light fixtures, air diffusers, and openconcept exposing the steel web joists and metal decking roof in industrialareas.•Washrooms: Several male and femalewashrooms throughout the bldg.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

321 University Avenue, Belleville, Ontario

For Sale

$5,000,000 | 220,837sq. ft. | Industrial Building

All information provided is deemed reliable but is not guaranteed and should be independently verified.

321 University Avenue, Belleville, Ontario

For Sale

$5,000,000 | 220,837sq. ft. | Industrial Building

Roof: Steel web trusses with metal decking covered with tar and gravel membrane exterior.

HVAC: Heating is provided by gas-fired, roof mounted units in the office areas and suspended heating units in the plant. Cooling is provided by roof top units for office areas.

Fire Protection: Standard, with sprinklers throughout the buildings.

Electrical: Main power supply 44,000 volts down to an external supply of 13,800 volts taken down to 4 substations of 480 volts each at various locations with the plant. Emergency generator at the west side of the building.