Square Feet

About 7 - 8

Located In A Grocery Anchored, High Profile Site In Cambridge With High Residential Density. Co-Tenants Include Food Basics, Rbc, Anytime Fitness, Mcdonalds, Subway, Little Caesars And More. Suitable For A Variety Of Different Uses including dollar/party store, medical clinic.
  • Est. Monthly Rent: $9,537
  • Size 3,468 SF
  • Frontage 40 ft
  • Type Retail (Strip mall)
  • Gross Rent $33.00/SF
  • Base Rent $18.00/SF
  • Additional Rent $15.00/SF
  • Lease Direct
  • Availability Now
  • Last Updated Sep 22, 2014
  • Verified On Oct 17, 2014
  • Source Clearstream Commercial Real Estate Ltd.

About Woodland Park Shopping Centre

7 acres of development land were purchased in 1987 to develop the site into a 65,000 square foot neighbourhood shopping centre anchored by a 31,000 square foot A&P grocery store.
Although A&P signed a lease, the tenant went dark after only 2 months in operation. As a result, in the early stages of the development, the plaza lost several other tenants including a pharmacy.
Subsequently, Counsel Trust went bankrupt and Terracap purchased the other 50% interest in the plaza at a time when the operating income was close to break-even.
In 1995, an additional funds was put into the deal which was used to pay down the mortgage. The Company also renegotiated with A&P to reopen with their Food Basics concept. A McDonalds’ restaurant pad was added and the Food Basics was expanded from 25,000 square feet to 31,000 square feet.
  • Property Type Retail
  • Total Available Space 2,144 SF
  • Direct Available Space 2,144 SF
  • Sublet Available Space 0 SF
  • Min Divisible 2,144 SF
  • Max Contiguous 64,903 SF
  • Number Of Floors 1
  • Managed By Terracap Management Inc.

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