• Est. Monthly Rent: Undisclosed
  • Size 8,980 SF
  • Type Retail
  • Gross Rent Undisclosed
  • Base Rent $16.00/SF
  • Additional Rent Undisclosed
  • Lease Direct
  • Availability Now
  • Last Updated Aug 23, 2017
  • Verified On Aug 23, 2017
  • Source Melissa Germain
  • Est. Monthly Rent: Undisclosed
  • Size 8,980 SF
  • Type Retail
  • Gross Rent Undisclosed
  • Base Rent $16.00/SF
  • Additional Rent Undisclosed
  • Lease Direct
  • Availability Now
  • Last Updated Aug 23, 2017
  • Verified On Aug 23, 2017
  • Source Melissa Germain

About Complexe 5 Mille

Terracap acquired 5000 Taschereau Boulevard in 2006 The centre borders the City of Brossard and Greenfield Park Borough, east of Highway 10 on the south shore of the greater municipality of Montreal, Quebec.
 
With a prime location in a high-traffic street surrounded by strong middle income demographics, Terracap recognised the centre’s potential. At the time of purchase, the retail centre was in a poor state, enabling Terracap to purchase the property at a price of $45 per square foot, with an initial capitalisation rate of 9.45% on in-place income.
 
Terracap demolished the interior mall and remerchandised the centre into a community shopping centre. The centre is now well-maintained with ample parking, and anchored by  tenants like Super C ,  Michaels, a Nephrologhy Clinic,  SAQ, and L’Equippeur.
 
The façade was renovated in 2016, with an additional landscaping update and new corporate branding. The centre’s 242,000 square feet of rentable area is currently leased at 60%, and futur
  • Property Type Retail
  • Total Available Space 101,714 SF
  • Direct Available Space 101,714 SF
  • Sublet Available Space 0 SF
  • Min Divisible 2,860 SF
  • Max Contiguous 78,709 SF
  • Building Size 355,000 SF
  • Number Of Floors 1
  • Parking Ratio 1 per 0 SF
  • Managed By Terracap Management Inc.
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