1244 Speers Rd
Oakville, ON L6L 2X4
Flex Property For Sale

1244 Speers Road presents the opportunity to acquire a highly improved, multi-tenant micro-bay industrial asset in one of the most supply-constrained industrial submarkets in the GTA. The Property comprises 18,736 SF across 15 units on a 1.08-acre site and is currently 100% occupied, offering stable in-place cash flow with measurable near-term upside and a 6.27% Year 1 capitalization rate. The Property has benefited from significant exterior and interior capital improvements, alongside strong leasing momentum that has driven the weighted average lease rate to $21.69 PSF net. As of August 1, 2026, the Property generates approximately $407,263 in net operating income, supported by a diversified tenant base across trades, service, and light industrial users. The building is characterized by small, functional units that support strong leasing velocity, limited downtime, and income diversification. Embedded upside remains through the one mark-to-market opportunity, and growing day one income due to contractual 5% annual base rental rate escalations, providing a clear path to NOI growth. With extremely limited new micro-bay supply in Oakville, sustained tenant demand, and proximity to the QEW and surrounding amenities,1244 Speers Road is well positioned to attract buyers seeking a durable industrial investment with both income stability and value-add potential.