Rare 1. 33 acre 57, 813 SF infill Employment Industrial land in O'Connor Parkview.
| Website: | https://www.nestseekers.com/5507999 |
|---|---|
| Address: | Toronto E03 M4B 3H3 Canada |
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
Financials
Price:C4,499,000
($3,259,400)
(€2,800,200)
Annual Taxes:C16,924.53
Description
Rare 1.33 acre (57,813 SF) infill Employment Industrial land in O'Connor-Parkview. $4,499,000 priced at 5.38% going-in cap on projected stabilized NOI of $242,087 from two industrial outdoor storage (IOS) tenancies anchored by Atlas Polar Co. Ltd. (occupancy since 2021; term to June 30, 2027). Zoning E 1.0 (x229) permits IOS. Embedded value-add: Vendor commissioned architectural drawings (A& Associates, 2019-2020) for an 83,233 SF, 872-unit, 5-storey self-storage facility, plus draft amending by-law (Tribunal File PL171477, without prejudice). Also a strong industrial condo candidate evidenced by adjacent 45 Cranfield precedent.
Amenities
- Available
- Major Highway
- Public Transit
505 Park Ave, New York, NY 10022 Phone: +1 212-252-8772 Fax: +1 212-252-9347 |
