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1380 Rodick Rd 192,000 SF 71% Leased Office Building Markham, ON L3R 5X4 For Sale
Investment Highlights
- Institutional Quality Mixed Use Office and Industrial Asset Featuring High Quality Construction
- Exceptional Low Density, Covered Land Opportunity
- Value Add or Owner Opportunity Supported by Strong Third-Party Tenancy and Stable In-Place Cash Flow
Executive Summary
On behalf of our client, Great Bridge Canada Inc., (the “Vendor”), Colliers International Inc. (the “Advisor”) is pleased to present for a sale a 100% freehold interest in 1380 Rodick Road, Markham, Ontario (the “Property”).
This high quality offering consists of a four-storey mixed use office and industrial complex, comprising 179,734 square feet with approximately 35,190 square feet of industrial space.
The Property has a current occupancy rate of 66% and a Weighted Average Lease Term (WALT) of approximately 4.8 years, allowing stability and upward increases in net rental rates upon renewal. Leased to high quality tenants including AbbVie Corporation, Engage People, Standard BioTools, and VGH Solutions, owner occupiers or investors can acquire a prestigious Markham asset with strong long-term return growth.
This high quality offering consists of a four-storey mixed use office and industrial complex, comprising 179,734 square feet with approximately 35,190 square feet of industrial space.
The Property has a current occupancy rate of 66% and a Weighted Average Lease Term (WALT) of approximately 4.8 years, allowing stability and upward increases in net rental rates upon renewal. Leased to high quality tenants including AbbVie Corporation, Engage People, Standard BioTools, and VGH Solutions, owner occupiers or investors can acquire a prestigious Markham asset with strong long-term return growth.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
192,000 SF
Building Class
B
Year Built
2000
Percent Leased
71%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
38,227 SF
Slab To Slab
9’
Building FAR
0.41
Lot Size
10.66 AC
Zoning
MJC
Parking
618 Spaces (3.5 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Prime exposure off main lobby
Move-in ready, exposed ceilings, mostly open concept
Beautiful, bright open concept space
Office space ready to move in. 6 private offices, 6 meeting rooms, 1 large boardroom
Move-in ready
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 7,075 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 102 | 10,229 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 201 | 18,810 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 202 | 9,504 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 400 | 9,609 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 7,075 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 102
| Size |
| 10,229 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 201
| Size |
| 18,810 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 202
| Size |
| 9,504 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 9,609 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 7,075 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Prime exposure off main lobby
1st Fl-Ste 102
| Size | 10,229 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Move-in ready, exposed ceilings, mostly open concept
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 201
| Size | 18,810 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Beautiful, bright open concept space
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 202
| Size | 9,504 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Office space ready to move in. 6 private offices, 6 meeting rooms, 1 large boardroom
4th Fl-Ste 400
| Size | 9,609 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Move-in ready
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1380 Rodick Rd
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