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220-260 Lesmill Rd 114,873 SF 96% Leased Flex Building Toronto, ON M3B 2T5 $25,458,803 USD ($221.63 USD/SF)
INVESTMENT HIGHLIGHTS
- Excellent access to Highways 401/404, the DVP, and major transit (TTC bus, Oriole Go Transit Station, Leslie TTC subway station)
- Property is 100% leased with WALT remaining of 3.4 years and a long history of high occupancy levels
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $25,458,803 USD | Rentable Building Area | 114,873 SF |
| Price Per SF | $221.63 USD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1968 |
| Property Type | Flex | Parking Ratio | 1.61/1,000 SF |
| Property Subtype | Light Distribution | Clear Ceiling Height | 15’ |
| Building Class | C | No. Dock-High Doors/Loading | 11 |
| Lot Size | 5.12 AC | ||
| Zoning | MO - Mixed USe | ||
| Price | $25,458,803 USD |
| Price Per SF | $221.63 USD |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 5.12 AC |
| Rentable Building Area | 114,873 SF |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 1.61/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Dock-High Doors/Loading | 11 |
| Zoning | MO - Mixed USe |
AMENITIES
- Signage
UTILITIES
- Lighting
- Water
- Sewer
- Heating
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
244 Lesmill Road is a versatile office building located in a prime North York area. This ideally situated building offers high visibility with signage fronting onto Lesmill Road and easy access to major highways. The property is well-connected to public transit, with TTC bus routes nearby and subway stations just a short drive away. Positioned at the intersection of Highway 401 and Leslie Street, it provides seamless commuting options for both employees and clients.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 244 | 4,884 SF | Office | Full Build-Out | Now |
1st Fl-Ste 244
| Size |
| 4,884 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 244
| Size | 4,884 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
244 Lesmill Road is a versatile office building located in a prime North York area. This ideally situated building offers high visibility with signage fronting onto Lesmill Road and easy access to major highways. The property is well-connected to public transit, with TTC bus routes nearby and subway stations just a short drive away. Positioned at the intersection of Highway 401 and Leslie Street, it provides seamless commuting options for both employees and clients.
Presented by
220-260 Lesmill Rd
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