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2180-2190 Speers Rd 53,309 SF 100% Leased Industrial Building Oakville, ON L6L 2X8 $13,456,796 USD ($252.43 USD/SF) 5% Cap Rate



EXECUTIVE SUMMARY
Located in the core of Oakville, this well-positioned industrial warehouse sits on approximately 3.3 acres and offers a total building area of roughly 57,000 square feet.?The property features 4 loading docks and 6 drive-in doors, with clear heights ranging from 18 to 24 feet, providing excellent functionality for a wide range of industrial, logistics, and commercial users.
Planning Background
Due to its immediate proximity to Bronte GO Transit Station, the subject site has been identified by both the Region of Halton and the Town of Oakville as part of a major growth area. The vision for this precinct is a future mixed-use, transit-oriented urban node combining commercial core uses and medium-to-high density residential development, similar in concept to Downtown Markham.?Official planning documents and growth area reports are available through the Town of Oakville under the Bronte GO MTSA Growth Area Review.
Current Zoning & Development Potential
Under the current Official Plan, the site is designated for mid-rise condominium and townhouse development.?Importantly, the property benefits from strong planning flexibility, with potential—subject to municipal approvals—to pursue:
* High-rise residential development
* Pure commercial redevelopment
* Mixed-use commercial/residential projects
Valuation
* An independent appraisal was completed earlier this year
* Appraised Value: $20,600,000
PROPERTY FACTS
| Price | $13,456,796 USD | Rentable Building Area | 53,309 SF |
| Price Per SF | $252.43 USD | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1977 |
| Cap Rate | 5% | Parking Ratio | 1.09/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 5 |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 1.99 AC | ||
| Zoning | E1 | ||
| Price | $13,456,796 USD |
| Price Per SF | $252.43 USD |
| Sale Type | Investment or Owner User |
| Cap Rate | 5% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.99 AC |
| Rentable Building Area | 53,309 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.09/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | E1 |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
Acuren is a leading provider of critical asset integrity services. The company operates primarily in North America serving a broad range of industrial markets. It provides these essential and often compliance-mandated (often at customer locations) services in the industrial space and is focused on the recurring maintenance needs of its customers. The work Acuren does fits in the service category referred to as Testing, Inspection and Certification (TIC) including Nondestructive Testing (“NDT”) in the field and the laboratory and in-lab destructive testing capabilities. They are an organization with over 40 years of experience in testing and inspection. Through this time, they have acquired many companies, launched many services, and employed thousands of people. They are proud of their history and where they will go.
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
Professional, Scientific, and Technical Services | - | - | Jan 2025 | ||
|
Administrative and Support Services | - | - | - |
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2180-2190 Speers Rd
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