385-387 Carlingview Dr - Manufacturing FOR SALE


Toronto, ON M9W 5G7- West Humber-Clairville
$39,000,000 CAD
416-798-6224
385-387 Carlingview Dr, Toronto, ON for Sale
$39,000,000 CAD
Manufacturing - FOR SALE
1/7
null | Request Cap Rate

385-387 Carlingview Dr
Toronto, ON M9W 5G7
West Humber-Clairville


HIGHLIGHTS

  • The Property is currently leased to three distinct tenants with a staggered lease expiry schedule providing security to the underlying cash flow.
  • Highly functional industrial building in a core industrial submarket with tenant signage visible from Highway 409.
  • With unit 1 currently vacant and measuring 23,740 square feet, an owner-occupier could take possession of this space.

OVERVIEW

An exceptional opportunity to acquire a 100% freehold interest in a multi-tenant industrial property located at 385-387 Carlingview Drive, Etobicoke, ON. This strategically positioned asset encompasses 130,860 square feet of multi-tenant space situated on 6.79 acres, benefiting from prominent exposure to Highway 409. The property is currently leased to three tenants, featuring contractual rental growth and a weighted average rent (WAVR) of $11.16 per square foot net. The property is offered at a listing price of $39,000,000. Interested parties are invited to sign a Confidentiality Agreement to receive further details regarding this opportunity. The Vendor is open to reviewing offers submitted through CBRE on a first-come, first-served basis. The property includes a single-storey industrial building with six units. There is a fire wall that extends above the roof level that separates 385 & 387 with three units on each side. Each unit typically includes office/storefront space at the front and warehouse space at the rear. The building was constructed in two phases; the original building to the west (units 1 & 2 of 385) was constructed 1967, and the addition to the east (unit 3 of 385 & units A, B, & C of 387) was constructed 1974.

FOR SALE DETAILS

PRICE

$39,000,000 CAD

PRICE/SF

$296 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

16

DRIVE INS

2

PARKING SPACES

91

LAND DETAILS

LAND ACRES

6.79

LAND SF

295,772

ZONING

E1

APN/PARCEL ID

191903831001200

ASK ABOUT THIS PROPERTY

416-798-6224

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416-798-6224

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