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.