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1380 Rodick Rd
Markham, ON L3R 5X4
Office Property For Sale
Investment Highlights
- Institutional Quality Mixed Use Office and Industrial Asset Featuring High Quality Construction
- Exceptional Low Density, Covered Land Opportunity
- Value Add or Owner Opportunity Supported by Strong Third-Party Tenancy and Stable In-Place Cash Flow
Executive Summary
On behalf of our client, Great Bridge Canada Inc., (the “Vendor”), Colliers International Inc. (the “Advisor”) is pleased to present for a sale a 100% freehold interest in 1380 Rodick Road, Markham, Ontario (the “Property”).
This high quality offering consists of a four-storey mixed use office and industrial complex, comprising 179,734 square feet with approximately 35,190 square feet of industrial space.
The Property has a current occupancy rate of 66% and a Weighted Average Lease Term (WALT) of approximately 4.8 years, allowing stability and upward increases in net rental rates upon renewal. Leased to high quality tenants including AbbVie Corporation, Engage People, Standard BioTools, and VGH Solutions, owner occupiers or investors can acquire a prestigious Markham asset with strong long-term return growth.
This high quality offering consists of a four-storey mixed use office and industrial complex, comprising 179,734 square feet with approximately 35,190 square feet of industrial space.
The Property has a current occupancy rate of 66% and a Weighted Average Lease Term (WALT) of approximately 4.8 years, allowing stability and upward increases in net rental rates upon renewal. Leased to high quality tenants including AbbVie Corporation, Engage People, Standard BioTools, and VGH Solutions, owner occupiers or investors can acquire a prestigious Markham asset with strong long-term return growth.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
192,000 SF
Building Class
B
Year Built
2000
Percent Leased
71%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
38,227 SF
Slab To Slab
9’
Building FAR
0.41
Lot Size
10.66 AC
Zoning
MJC
Parking
618 Spaces (3.5 Spaces per 1,000 SF Leased)
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