Commercial Real Estate in St Andrew-Windfields available for sale
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Flex Space for Sale near St Andrew-Windfields

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St Andrew-Windfields Flex Space for Sale

More details for 220-260 Lesmill Rd, Toronto, ON - Flex for Sale

220-260 Lesmill Rd

Toronto, ON M3B 2T5

  • Flex for Sale
  • $35,000,000 CAD
  • 114,873 SF

Toronto Flex for Sale - East Toronto

Institutional Property Advisors a division of Marcus & Millichap (the "Advisor" or IPA")on behalf of the the "Vendor" are pleased to offer for sale a 100% freehold interest in 220-260 Lesmill Road, North York, Ontario (the "Property"). Situated on a 5.1-acre land parcel, fronting on Lesmill Road south of Highway 401 and east of Leslie Street, the Property presents an exceptional opportunity for an investor to own a multi-tenant industrial building in an established affluent Toronto node and having historically low vacancy rate. With over 830 million square feet of inventory, the Greater Toronto Area (GTA) industrial market continues to demonstrate excellent market fundamentals, with current vacancy rate at 2.6% and a five year compounded annualized growth rate of 17% in net rents. Specifically, North York has one of the lowest current vacancy rates in the market sitting at 1.7%. Totaling 114,873 square feet, the Property is 100% occupied by a well-balanced tenant mix, suited for the neighbourhood and has a weighted average lease term (WALT) remaining of 3.4 years. In-place rents are below market rents, providing an opportunity for substantial income growth in the short to medium term. The Property offers a central location with immediate proximity to an array of retail and service amenities, convenient public transit, and highways.

Contact:

Institutional Property Advisors

Property Subtype:

Light Distribution

Date on Market:

2024-12-20
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Flex Spaces for Sale Within 5 kilometers of St Andrew-Windfields

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Flex Spaces for Sale in St Andrew-Windfields

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How many flex spaces are available for sale in St Andrew-Windfields?
There are currently 1 flex spaces available for sale in St Andrew-Windfields, offering a unique opportunity for businesses to establish a presence.
How big are the flex spaces available for sale in St Andrew-Windfields?
The average size of flex spaces available for sale in Toronto is about 114,873 SF. The largest flex spaces available to buy is 114,873 SF and the smallest is 114,873 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
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