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385-387 Carlingview Dr
Toronto, ON M9W 5G7
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- The Property is currently leased to three distinct tenants with a staggered lease expiry schedule providing security to the underlying cash flow.
- With unit 1 currently vacant and measuring 23,740 square feet, an owner-occupier could take possession of this space.
- Highly functional industrial building in a core industrial submarket with tenant signage visible from Highway 409.
EXECUTIVE SUMMARY
An exceptional opportunity to acquire a 100% freehold interest in a multi-tenant industrial property located at 385-387 Carlingview Drive, Etobicoke, ON. This strategically positioned asset encompasses 130,860 square feet of multi-tenant space situated on 6.79 acres, benefiting from prominent exposure to Highway 409. The property is currently leased to three tenants, featuring contractual rental growth and a weighted average rent (WAVR) of $11.16 per square foot net. The property is offered at a listing price of $39,000,000. Interested parties are invited to sign a Confidentiality Agreement to receive further details regarding this opportunity. The Vendor is open to reviewing offers submitted through CBRE on a first-come, first-served basis.
The property includes a single-storey industrial building with six units. There is a fire wall that extends above the roof level that separates 385 & 387 with three units on each side. Each unit typically includes office/storefront space at the front and warehouse space at the rear. The building was constructed in two phases; the original building to the west (units 1 & 2 of 385) was constructed 1967, and the addition to the east (unit 3 of 385 & units A, B, & C of 387) was constructed 1974.
The property includes a single-storey industrial building with six units. There is a fire wall that extends above the roof level that separates 385 & 387 with three units on each side. Each unit typically includes office/storefront space at the front and warehouse space at the rear. The building was constructed in two phases; the original building to the west (units 1 & 2 of 385) was constructed 1967, and the addition to the east (unit 3 of 385 & units A, B, & C of 387) was constructed 1974.
PROPERTY FACTS
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1967 |
| Property Subtype | Manufacturing | Parking Ratio | 0.69/1,000 SF |
| Building Class | C | Clear Ceiling Height | 18’ |
| Lot Size | 6.79 AC | No. Dock-High Doors/Loading | 16 |
| Rentable Building Area | 131,775 SF | No. Drive In / Grade-Level Doors | 2 |
| Zoning | E1 - Allows industrial and employment uses with a maximum floor space index of 1.0, meaning buildings can equal the lot area in total floor space. | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 6.79 AC |
| Rentable Building Area | 131,775 SF |
| No. Stories | 1 |
| Year Built | 1967 |
| Parking Ratio | 0.69/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 16 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | E1 - Allows industrial and employment uses with a maximum floor space index of 1.0, meaning buildings can equal the lot area in total floor space. |
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