Our Services for Commercial & Industrial Properties
BUILDING OPERATIONS
We attract and retain high quality tenants by implementing comprehensive repair & maintenance programs; engaging competitive and diligent contractors; and implementing improvements to enhance curb appeal.
Click HERE for a detailed list of the operations services that we provide for commercial and industrial buildings.
ACCOUNTING & FINANCIAL SERVICES
Strategic Property Management offers full-service financial & accounting services including financial reporting; budget preparation, TMI reconciliation; and diligent rent collection efforts. We can also deposit and issue vendor payments electronically using our secure software.
For more information about our financial and accounting services, please visit the following PAGE.
LEASING & ADMIN SERVICES
The Strategic team handles a range of administrative duties, including managing lease agreements, coordinating tenant communications, and handling all aspects of documentation and record-keeping to ensure the smooth and efficient operation of your commercial property.
For a detailed list of the administrative services we provide, please visit this PAGE.
Property Profile: Charles Street, Toronto
Property: Yorkville Commercial Building
Date of Construction: 1962
Style: 8-storey Office Building
Date of Appointment: Strategic Property Management commenced services in June of 1997
Accomplishments: Below is a list of accomplishments for Strategic Property Management
1. Occupancy Rate & Tenant Retention:
We took over the building when it had a meager 40% occupancy rate. Within two years of our appointment, we achieved an impressive 78% occupancy rate. To attract new tenants, we analyzed market trends to identify our target demographics and tailored our leasing approach to the match their preferences.
2. Financial Performance:
A thorough review of building operations revealed that the previous owner had over-paid Bell Canada by $5,500 over the 3 years prior. A refund was obtained from Bell in favour of our client.
We successfully negotiated a $1.00 purchase of the computerized security system with no future lease payments. The building security system, which originally cost $20,000 in 1990, had been paid for threefold ($60K) through ongoing lease payments.
3. Sustainability Initiatives:
A relamping of all stairways, corridors, lobbies, and exterior building areas with energy efficient lighting yielded energy savings averaging 15% below the last 4 years while at the same time improving the property’s aesthetic value and security. The payback period was 8 months.
4. Project Management:
Assisted in the demolition of the building. We coordinated the vacancies of all tenants by triggering the demolition clauses in each lease; and processed all invoices from PCL Construction, the demolition company.
Supervised the construction of a 47-storey condominium building in the Yorkville neighbourhood. We estimated profit margins by calculating the selling prices of the condominium units and comparing them to projected construction costs.
Address
200 – 1097 North Service Road E
Oakville, Ontario
Contact
(289) 301-8301
Opening Hours
Mon - Fri
9:00 am – 5:00 pm