438 University Ave - Office FOR SALE
Toronto, ON M5G 2K8 |
438 University Ave
Toronto, ON M5G 2K8
HIGHLIGHTS
- The Property is currently 93% leased to a defensive rent roll anchored by Infrastructure Ontario occupying 191,053 sq. ft
- The 5.3-year WALT, 79% investment grade tenancy
- 13% below market in-place rents provide investors and lenders a rare combination of cash flow security, stability, and growth
- 438 University is well-positioned for continued outperformance highlighted by its average occupancy of approximately 99% since 2019
- Favourable financing in-place is available for assignment to qualified investors
- $7.5M Capital Expenditure Over Last 10 Years
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
322835
STORIES
22
BUILDING CLASS
A
YEAR BUILT
1992
SPRINKLERS
-
PARKING SPACES
177
LAND DETAILS
LAND ACRES
0.69 AC AC
LAND SF
30,056 SF
ZONING
-
APN/PARCEL ID
190406501000150
