Log In/Sign Up
Your email has been sent.
385-387 Carlingview Dr 131,775 SF 100% Leased Industrial Building Toronto, ON M9W 5G7 $28,368,381 USD ($215.28 USD/SF)
INVESTMENT HIGHLIGHTS
- The Property is currently leased to three distinct tenants with a staggered lease expiry schedule providing security to the underlying cash flow.
- With unit 1 currently vacant and measuring 23,740 square feet, an owner-occupier could take possession of this space.
- Highly functional industrial building in a core industrial submarket with tenant signage visible from Highway 409.
EXECUTIVE SUMMARY
An exceptional opportunity to acquire a 100% freehold interest in a multi-tenant industrial property located at 385-387 Carlingview Drive, Etobicoke, ON. This strategically positioned asset encompasses 130,860 square feet of multi-tenant space situated on 6.79 acres, benefiting from prominent exposure to Highway 409. The property is currently leased to three tenants, featuring contractual rental growth and a weighted average rent (WAVR) of $11.16 per square foot net. The property is offered at a listing price of $39,000,000. Interested parties are invited to sign a Confidentiality Agreement to receive further details regarding this opportunity. The Vendor is open to reviewing offers submitted through CBRE on a first-come, first-served basis.
The property includes a single-storey industrial building with six units. There is a fire wall that extends above the roof level that separates 385 & 387 with three units on each side. Each unit typically includes office/storefront space at the front and warehouse space at the rear. The building was constructed in two phases; the original building to the west (units 1 & 2 of 385) was constructed 1967, and the addition to the east (unit 3 of 385 & units A, B, & C of 387) was constructed 1974.
The property includes a single-storey industrial building with six units. There is a fire wall that extends above the roof level that separates 385 & 387 with three units on each side. Each unit typically includes office/storefront space at the front and warehouse space at the rear. The building was constructed in two phases; the original building to the west (units 1 & 2 of 385) was constructed 1967, and the addition to the east (unit 3 of 385 & units A, B, & C of 387) was constructed 1974.
PROPERTY FACTS
| Price | $28,368,381 USD | Rentable Building Area | 131,775 SF |
| Price Per SF | $215.28 USD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1967 |
| Property Type | Industrial | Parking Ratio | 0.69/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 18’ |
| Building Class | C | No. Dock-High Doors/Loading | 16 |
| Lot Size | 6.79 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | E1 - Allows industrial and employment uses with a maximum floor space index of 1.0, meaning buildings can equal the lot area in total floor space. | ||
| Price | $28,368,381 USD |
| Price Per SF | $215.28 USD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 6.79 AC |
| Rentable Building Area | 131,775 SF |
| No. Stories | 1 |
| Year Built | 1967 |
| Parking Ratio | 0.69/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 16 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | E1 - Allows industrial and employment uses with a maximum floor space index of 1.0, meaning buildings can equal the lot area in total floor space. |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl - 1
- 23,740 SF
- Industrial
- -
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 1 | 23,740 SF | Industrial | - | 30 Days |
1st Fl - 1
| Size |
| 23,740 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| 30 Days |
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
385-387 Carlingview Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.