416-666-0036
140 Allstate Pky, Markham, ON for Sale
Office - FOR SALE
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140 Allstate Pky
Markham, ON L3R 4T8


HIGHLIGHTS

  • The property is located next to Highway 404, north of Highway 7 in a dynamic GTA business park
  • It has been exceptionally well maintained
  • 4-acre site with flexible use permissions including office, career college and industrial

OVERVIEW

Avison Young has been retained on an exclusive basis to advise on and manage the sale of 140 Allstate Parkway, Markham (the “Property”). Located in the affluent suburban Toronto community of Markham, this high-visibility office building is located in a dynamic, intensifying and growing node. The Property provides a rentable area of 84,010 sf within a modern business park setting. The building is maintained and operated to a high standard, generating a stable and growing cash flow from diversified and established tenants, occupying 72.9% of the available space. 140 Allstate Parkway presents both users and investors with the opportunity of acquiring a well-maintained, modern office building with stable cash flows and excellent income growth potential in one of Toronto’s most affluent and growing suburban communities. A prospective purchaser can take advantage of the current vacancy to grow cash flow or occupy itself. The significant 4-acre site allows for future redevelopment or expansion, with a wide variety of commercial uses permitted by the city including a recently passed minor variance allowing for an Ontario career college.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

340

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

M.C.(100%)

APN/PARCEL ID

193602013220750

ASK ABOUT THIS PROPERTY

Richard ChilcottAvison YoungMore Info
416-666-0036

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Richard ChilcottAvison YoungMore Info
416-666-0036

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