416-643-3438
1380 Rodick Rd, Markham, ON for Sale
Office - FOR SALE
1/11
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1380 Rodick Rd
Markham, ON L3R 5X4


HIGHLIGHTS

  • Institutional Quality Mixed Use Office and Industrial Asset Featuring High Quality Construction
  • Value Add or Owner Opportunity Supported by Strong Third-Party Tenancy and Stable In-Place Cash Flow
  • Exceptional Low Density, Covered Land Opportunity

OVERVIEW

On behalf of our client, Great Bridge Canada Inc., (the “Vendor”), Colliers International Inc. (the “Advisor”) is pleased to present for a sale a 100% freehold interest in 1380 Rodick Road, Markham, Ontario (the “Property”). This high quality offering consists of a four-storey mixed use office and industrial complex, comprising 179,734 square feet with approximately 35,190 square feet of industrial space. The Property has a current occupancy rate of 66% and a Weighted Average Lease Term (WALT) of approximately 4.8 years, allowing stability and upward increases in net rental rates upon renewal. Leased to high quality tenants including AbbVie Corporation, Engage People, Standard BioTools, and VGH Solutions, owner occupiers or investors can acquire a prestigious Markham asset with strong long-term return growth.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

618

LAND DETAILS

LAND ACRES

10.66 AC

LAND SF

464,350 SF

ZONING

MJC

APN/PARCEL ID

193602013258500

ASK ABOUT THIS PROPERTY

Nicholas KendrewColliersMore Info
416-643-3438

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Nicholas KendrewColliersMore Info
416-643-3438

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