44-46 Wellesley Street East, Toronto

St. John ambulance owned and occupied an older and inefficient 18,000 square foot four storey office building built circa 1966 and sitting on a 19,786 square foot parcel of land.

How We Have Applied Our Experience
St John’s Board of Directors had decided to relocate its office in updated premises. While the location, the size and the form of tenure was not decided, the Board needed to have the certainty of a fixed-price closed sale prior to the execution of the relocation plan.

Seven offers were generated and the negotiated fixed price sale lead to a short term sale leaseback in parallel with a first mortgage vendor-take-back.

“...we felt the process leading to our eventual decision went very well supported by your excellent reporting that assisted us by providing a better understanding of the various offers received and in the establishment of valuation criteria...”

Mr. William Laidlaw,
Chief Executive Officer
St. John Ambulance

P.G. GAGNÉ COMMERCIAL REAL ESTATE CORP., Brokerage, 220 Bay Street, 9th Floor, Toronto, Ontario, M5J 2W4 • Tel: 416-955-1885 Fax: 416-862-2136 • pierre@gagnerealestate.ca