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70 Glen Scarlett Rd 42,516 SF 100% Leased Industrial Building Toronto, ON M6N 1P4 $18,750,000 CAD ($441.01 CAD/SF) 3.40% Cap Rate
Investment Highlights
- The property is located in Toronto’s established west-end industrial node, providing convenient access to Highways 400, 401, and the GTA.
- The property is well-suited for a variety of industrial uses, including warehousing, light manufacturing, or urban logistics applications.
- The site benefits from close proximity to major arterial roads, offering efficient connectivity for logistics, distribution, and last-mile operations.
Executive Summary
One tenant occupies 33,952 sq. ft. with a lease in place until January 31, 2027, including a one-year renewal option. The main building sits on 1.07 acres, with an additional approximately 0.46 acres of surplus land suitable for parking or outdoor storage, including trailer parking on site.
The property features office space across two floors and was formerly a federally certified meat processing facility. Clear height varies throughout the building, and cooler and freezer spaces can be made available separately.
The main floor coolers are designed for holding temperatures between 0°C and 10°C, with one cooler capable of reaching sub-zero temperatures down to -3°C. Basement cooler space is designed for temperatures between 1°C and 2°C, with the ability to achieve lower temperatures with additional units. The basement freezer is designed to maintain temperatures between -8°C and -18°C.
Meat processing equipment is currently in storage on site and available for sale. The property is generating a current NOI of $636,600 through the existing lease term ending January 31, 2027.
The property features office space across two floors and was formerly a federally certified meat processing facility. Clear height varies throughout the building, and cooler and freezer spaces can be made available separately.
The main floor coolers are designed for holding temperatures between 0°C and 10°C, with one cooler capable of reaching sub-zero temperatures down to -3°C. Basement cooler space is designed for temperatures between 1°C and 2°C, with the ability to achieve lower temperatures with additional units. The basement freezer is designed to maintain temperatures between -8°C and -18°C.
Meat processing equipment is currently in storage on site and available for sale. The property is generating a current NOI of $636,600 through the existing lease term ending January 31, 2027.
Property Facts
| Price | $18,750,000 CAD | Lot Size | 1.44 AC |
| Price Per SF | $441.01 CAD | Rentable Building Area | 42,516 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 3.40% | Year Built | 1968 |
| Property Type | Industrial | Parking Ratio | 0.94/1,000 SF |
| Property Subtype | Food Processing | No. Dock-High Doors/Loading | 10 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Zoning | IC-3 | ||
| Price | $18,750,000 CAD |
| Price Per SF | $441.01 CAD |
| Sale Type | Investment |
| Cap Rate | 3.40% |
| Property Type | Industrial |
| Property Subtype | Food Processing |
| Building Class | C |
| Lot Size | 1.44 AC |
| Rentable Building Area | 42,516 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 0.94/1,000 SF |
| No. Dock-High Doors/Loading | 10 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | IC-3 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Low-cost storage space available for lease in Stockyards area of Toronto. Close to many retail amenities. Both drive in and truck level shipping available. Approx. 7 kms away from highway 401. For access, will have to cross through main building's parking lot, tenant is aware.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - B | 7,378 SF | Industrial | - | 60 Days |
1st Fl - B
| Size |
| 7,378 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| 60 Days |
1st Fl - B
| Size | 7,378 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | 60 Days |
Low-cost storage space available for lease in Stockyards area of Toronto. Close to many retail amenities. Both drive in and truck level shipping available. Approx. 7 kms away from highway 401. For access, will have to cross through main building's parking lot, tenant is aware.
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Moderately walkable
70/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
60/100
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70 Glen Scarlett Rd
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