140 Allstate Pky 82,248 SF 76% Leased Office Building Markham, ON L3R 4T8 For Sale

Avison Young has been retained on an exclusive basis to advise on and manage the sale of 140 Allstate Parkway, Markham (the “Property”). Located in the affluent suburban Toronto community of Markham, this high-visibility office building is located in a dynamic, intensifying and growing node. The Property provides a rentable area of 84,010 sf within a modern business park setting. The building is maintained and operated to a high standard, generating a stable and growing cash flow from diversified and established tenants, occupying 72.9% of the available space. 140 Allstate Parkway presents both users and investors with the opportunity of acquiring a well-maintained, modern office building with stable cash flows and excellent income growth potential in one of Toronto’s most affluent and growing suburban communities. A prospective purchaser can take advantage of the current vacancy to grow cash flow or occupy itself. The significant 4-acre site allows for future redevelopment or expansion, with a wide variety of commercial uses permitted by the city including a recently passed minor variance allowing for an Ontario career college.