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649 North Service Rd 117,547 SF 64% Leased Office Building Burlington, ON L7P 5B9 $28,500,000 CAD ($242.46 CAD/SF)

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EXECUTIVE SUMMARY

Cushman & Wakefield ULC is pleased to offer for sale and leaseback 649 North Service Road, Burlington, ON (the “Property”). The Property is laid out as a research and development facility with office, lab and assembly spaces in a campus like setting. The leaseback will be to The Cultivated B (“TCB”), a leading bioengineer company focused on alternative protein production. The leaseback will be for 10 years and providing long term control of the space while creating capital to continue to grow the business. TCB will enter into a leaseback for all or part of the Property depending on the needs of a potential purchaser.
The property is improved with a 117,547 sf building on 21.43 acres located in an employment catchment that has a highly educated workforce along and being easily accessible by the major highway networks. The zoning of the property allows for a wide array of employment uses and offers the opportunity to acquire a stabilized investment with a Property that will have long-term utility in the future.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
117,547 SF
Building Class
B
Year Built
1991
Price
$28,500,000 CAD
Price Per SF
$242.46 CAD
Percent Leased
64%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
39,182 SF
Slab To Slab
12’
Building FAR
0.13
Lot Size
21.57 AC
Zoning
BC2
Parking
120 Spaces (1.02 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 3rd Floor
  • 20,000-41,869 SF
  • Office
  • Full Build-Out
  • Now

Cushman Wakefield ULC is pleased to offer for lease the 3rd floor of 649 North Service Road, Burlington, ON. The available premises comprises 41,869 sf in a high-quality office building with a campus-like setting. The property as a whole is improved with a 117,547 sf building on 21.43 acres, strategically located within an employment catchment that benefits from a highly educated workforce and excellent access to major highway networks. The zoning permits a wide array of employment uses, offering flexibility for occupiers seeking quality space in a well-connected location. This 3rd floor opportunity provides a rare chance to secure 41,869 sf of adaptable space within a property designed for long-term utility and future growth.

Space Size Space Use Condition Available
3rd Floor 20,000-41,869 SF Office Full Build-Out Now

3rd Floor

Size
20,000-41,869 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size 20,000-41,869 SF
Space Use Office
Condition Full Build-Out
Available Now

Cushman Wakefield ULC is pleased to offer for lease the 3rd floor of 649 North Service Road, Burlington, ON. The available premises comprises 41,869 sf in a high-quality office building with a campus-like setting. The property as a whole is improved with a 117,547 sf building on 21.43 acres, strategically located within an employment catchment that benefits from a highly educated workforce and excellent access to major highway networks. The zoning permits a wide array of employment uses, offering flexibility for occupiers seeking quality space in a well-connected location. This 3rd floor opportunity provides a rare chance to secure 41,869 sf of adaptable space within a property designed for long-term utility and future growth.

  • Listing ID: 35933263

  • Date on Market: 2025-05-21

  • Last Updated:

  • Address: 649 North Service Rd, Burlington, ON L7P 5B9

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