A great opportunity to acquire a premium, high visibility industrial asset situated on a prominent 2 acre corner lot in a highly sought after Scarborough employment hub.


Property

Website:https://www.nestseekers.com/5651224
Address:
Toronto E11 M1X 1M5
Canada
Ownership: For Sale
Type: Unknown
Bathrooms: 6

Financials

Price:C14,900,000
($10,571,400)
(€9,267,900)
Annual Taxes:C74,557

Description

A great opportunity to acquire a premium, high-visibility industrial asset situated on a prominent 2-acre corner lot in a highly sought-after Scarborough employment hub. This property is being offered for the first time in years. 41,679 square feet of brick construction, this quality building offers a Buyer flexibility for their business use. 10,263 square feet is leased to a long-term tenant while the remainder can be available for an end-user. The ceiling height is 18' clear, numerous truck level doors and drive-in doors provide for easy shipping. The property is well located between the 407 & 401. The roof was replaced in 2023 for $580,000 thereby minimizing near-term CAPEX. There is an existing cell tower lease providing passive revenue. Phase 3, 600 Volt, 600 Amp 4 Wire Electrical is available. A current Phase I & II and other property information are available to interested parties upon signing a confidentiality agreement.

Amenities

  • Major Highway
  • Public Transit

Contact

Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario