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140 Allstate Pky
Markham, ON L3R 4T8
Office Property For Sale

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INVESTMENT HIGHLIGHTS

  • The property is located next to Highway 404, north of Highway 7 in a dynamic GTA business park
  • 4-acre site with flexible use permissions including office, career college and industrial
  • It has been exceptionally well maintained

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
82,248 SF
Building Class
B
Year Built
1986
Percent Leased
76%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
16,449 SF
Slab To Slab
11’
Building FAR
0.47
Lot Size
4.00 AC
Zoning
M.C.(100%) - Commercial
Parking
340 Spaces (4.05 Spaces per 1,000 SF Leased)

AMENITIES

  • Atrium
  • Bus Line
  • Signage
  • Car Charging Station
  • Monument Signage
  • Outdoor Seating
  • Air Conditioning
  • Listing ID: 31479709

  • Date on Market: 2024-04-11

  • Last Updated:

  • Address: 140 Allstate Pky, Markham, ON L3R 4T8

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