1244 Speers Rd - Flex FOR SALE


Oakville, ON L6L 2X4
$6,495,000 CAD
416-777-2200
1244 Speers Rd, Oakville, ON for Sale
$6,495,000 CAD
Flex - FOR SALE
1/3
null | 6.27% Cap Rate

1244 Speers Rd
Oakville, ON L6L 2X4


HIGHLIGHTS

  • Brand New Site Improvements
  • Prominent Visibility & Excellent Curb Appeal
  • Located Minutes Away From QEW Interchange
  • Short Distance to Bronte GO Station

OVERVIEW

1244 Speers Road presents the opportunity to acquire a highly improved, multi-tenant micro-bay industrial asset in one of the most supply-constrained industrial submarkets in the GTA. The Property comprises 18,736 SF across 15 units on a 1.08-acre site and is currently 100% occupied, offering stable in-place cash flow with measurable near-term upside and a 6.27% Year 1 capitalization rate. The Property has benefited from significant exterior and interior capital improvements, alongside strong leasing momentum that has driven the weighted average lease rate to $21.69 PSF net. As of August 1, 2026, the Property generates approximately $407,263 in net operating income, supported by a diversified tenant base across trades, service, and light industrial users. The building is characterized by small, functional units that support strong leasing velocity, limited downtime, and income diversification. Embedded upside remains through the one mark-to-market opportunity, and growing day one income due to contractual 5% annual base rental rate escalations, providing a clear path to NOI growth. With extremely limited new micro-bay supply in Oakville, sustained tenant demand, and proximity to the QEW and surrounding amenities,1244 Speers Road is well positioned to attract buyers seeking a durable industrial investment with both income stability and value-add potential.

FOR SALE DETAILS

PRICE

$6,495,000 CAD

PRICE/SF

$395 CAD /SF

CAP RATE

6.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

11

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.07

LAND SF

46,609

ZONING

E1

APN/PARCEL ID

240102029004910

ASK ABOUT THIS PROPERTY

Eric MargoColliersMore Info
416-777-2200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Eric MargoColliersMore Info
416-777-2200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.