Replies to post #125 on S.H. Resources & Development Corp. (SDAD)

[fringe_remnant]

They Are All In the Core of They City

In the very best of locations. Adgar has owned them for years (these are long term people... they think in multiples of decades and plan accordingly). Cash cows all. Commanding the best of rents.

http://www.adgar4lease.com/Sites/Adgar4Lease/Default.aspx

The buildings all occupy prime inner city land on the best of streets, most in the heart of the financial district. The land they sit on is worth millions and millions of dollars.

The post was done to offer an idea of how these people think and operate.... which in my opinion translates into what they are potentially planning for SDAD.... see HDOGTX's posts about what our SDAD owners are already up to.. they have purchased a company with revenue producing properties already. Given the foregoing, we can expect with good probability that they are intent on establishing a similar portfolio of high end commercial properties.

Here is another example of their Toronto properties.... it is located on one of the best corners in the heart of the City... behind it you can make out the bottom of a 74 story building. and beyond that are at least twenty more, all closely packed. These guys know location.

[fringe_remnant]

Typical Adgar Revs

Class B Bulding, 10,000 SF per floor, mid town Toronto

Location Yonge Street and Balliol Street
Class B
Size 104,660 SF
Number of Floors 11
Typical Floor Plate 10,000 SF

Parking
Number of spaces 90
Ratio 1 space per 1,250 SF leased
Reserved Rate $162.28 reserved per space per month (plus applicable taxes)
Unreserved Rate $135.00 unreserved per space per month (plus applicable taxes)

Additional Rent Estimate
Year 2010
Operating Costs $12.44 / SF
Realty Tax $5.83 / SF
Utilities Included in operating costs
Total $18.27 / SF
Previous Year Total (2009) $18.29 / SF

Technical Specifications
Elevators 3 passenger elevators & 1 parking elevator
HVAC VAV (chiller & boiler)
HVAC Hours of Operation Monday to Friday: 5:00 AM - 12:00 PM
Saturday to Sunday: 10:00 AM - 7:00 PM
HVAC after hours cost $45.00 per hour per floor
Sprinklers No
Wireless No
LAN room No
Security Card access,random patrol and entry phone system
Barrier Free Yes