70 Glen Scarlett Rd - Food Processing FOR SALE


Toronto, ON M6N 1P4- High Park North/Junction
$18,750,000 CAD
416-798-6257
70 Glen Scarlett Rd, Toronto, ON for Sale
$18,750,000 CAD
Food Processing - FOR SALE
1/2
null | 3.4% Cap Rate

70 Glen Scarlett Rd
Toronto, ON M6N 1P4
High Park North/Junction


HIGHLIGHTS

  • The property is located in Toronto’s established west-end industrial node, providing convenient access to Highways 400, 401, and the GTA.
  • The site benefits from close proximity to major arterial roads, offering efficient connectivity for logistics, distribution, and last-mile operations.
  • The property is well-suited for a variety of industrial uses, including warehousing, light manufacturing, or urban logistics applications.

OVERVIEW

One tenant occupies 33,952 sq. ft. with a lease in place until January 31, 2027, including a one-year renewal option. The main building sits on 1.07 acres, with an additional approximately 0.46 acres of surplus land suitable for parking or outdoor storage, including trailer parking on site. The property features office space across two floors and was formerly a federally certified meat processing facility. Clear height varies throughout the building, and cooler and freezer spaces can be made available separately. The main floor coolers are designed for holding temperatures between 0°C and 10°C, with one cooler capable of reaching sub-zero temperatures down to -3°C. Basement cooler space is designed for temperatures between 1°C and 2°C, with the ability to achieve lower temperatures with additional units. The basement freezer is designed to maintain temperatures between -8°C and -18°C. Meat processing equipment is currently in storage on site and available for sale. The property is generating a current NOI of $636,600 through the existing lease term ending January 31, 2027.

FOR SALE DETAILS

PRICE

$18,750,000 CAD

PRICE/SF

$441 CAD /SF

CAP RATE

3.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

10

DRIVE INS

1

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.44

LAND SF

62,726

ZONING

IC-3

APN/PARCEL ID

190401435000200

ASK ABOUT THIS PROPERTY

Michael BellissimoCBRE, LimitedMore Info
416-798-6257

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

Michael BellissimoCBRE, LimitedMore Info
416-798-6257

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