416-585-4694
772 Warden Ave, Toronto, ON for Sale
Warehouse - FOR SALE
1/2
null | Request Cap Rate

772 Warden Ave
Toronto, ON M1L 4T7
Clairlea-Birchmount


HIGHLIGHTS

  • Unique opportunity for a user-investor or an income investor to acquire a rare freestanding industrial building in an exceptional Scarborough location
  • For a user-investor, there is an opportunity to occupy all or a portion of the building with the potential for some third-party income
  • For an income investor, there is an opportunity to generate significant income through lease rollover and lease-up of existing and future vacancies

OVERVIEW

Institutional Property Advisors a division of Marcus & Millichap (the "Advisor" or "IPA) on behalf of the "Vendor" are pleased to offer for sale a 100% freehold interest in 772 Warden Avenue, Toronto, Ontario (the "Property"). Situated on a 3.9 acre parcel, fronting on Warden Avenue and South of Eglinton Avenue East, the Property presents an exceptional opportunity for an owner-user or investor to acquire a multi-tenant industrial building in the Greater Toronto Area (GTA), one of the strongest performing markets in North America with historically low vacancy rates. Specifically, Scarborough market has a low current vacancy rate of 1.3%, outperforming the overall GTA, and a current average asking rental rate of $16.66 PSF. Totaling 81,152 square feet, the Property is 74.3% occupied with short-term tenants with no renewal options. The property offers a central location with proximity to the Eglinton Crosstown Light Rail Transit (LRT) station, TTC subway and bus transit, the Kennedy GO train station and an array of necessity-based amenities. Located within the Golden mile neighbourhood, the Property benefits from having a large labour pool and growing population from the surrounding new residential developments.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

16.583333333333332 Ft

DOCKS

13

DRIVE INS

3

PARKING SPACES

60

LAND DETAILS

LAND ACRES

3.9

LAND SF

169,884

ZONING

M

APN/PARCEL ID

190102453500500

ASK ABOUT THIS PROPERTY

Michael LauInstitutional Property AdvisorsMore Info
416-585-4694

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Michael LauInstitutional Property AdvisorsMore Info
416-585-4694

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