2450 Morningside Ave - Warehouse FOR SALE


Toronto, ON M1X 2E5- Agincourt/Malvern
$5,000,000 CAD
416-833-6905
2450 Morningside Ave, Toronto, ON for Sale
$5,000,000 CAD
Warehouse - FOR SALE
1/5
null | Request Cap Rate

2450 Morningside Ave
Toronto, ON M1X 2E5
Agincourt/Malvern


HIGHLIGHTS

  • The property is fully leased to a AAA-rated tenant at $20 per square foot net, with annual rent escalations and full TMI recovery in place.
  • The lease term extends through March 30, 2030, providing stable, long-term income for investors.
  • Two loading docks are designed to accommodate 53-foot trailers, ensuring efficient logistics and distribution operations.
  • The location offers excellent access to major transportation routes, making it ideal for suppliers, customers, and workforce connectivity.

OVERVIEW

A rare opportunity awaits investors at Morningside Business Centre, located in the heart of Scarborough’s thriving industrial corridor. This state-of-the-art industrial condo is tenanted by a AAA-rated occupant under a long-term lease at $20/SF net, with annual escalations and full TMI recovery. The lease runs through March 30, 2030, offering stable cash flow and minimal management oversight. Purpose-built for modern industrial operations, the property features best-in-class specifications including 28-foot clear ceiling heights, two loading docks designed to accommodate 53-foot trailers, and a mezzanine level that enhances operational flexibility. High-efficiency LED lighting and an ESFR sprinkler system ensure safety and sustainability, while the layout supports light manufacturing, warehousing, and distribution.

FOR SALE DETAILS

PRICE

$5,000,000 CAD

PRICE/SF

$35 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morningside Business Centre

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

-

CLEAR CEILING HT

28 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

15.31

LAND SF

666,904

ZONING

E

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Fouad BathicheRoyal LePage Signature RealtyMore Info
416-833-6905

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Fouad BathicheRoyal LePage Signature RealtyMore Info
416-833-6905

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