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385-387 Carlingview Dr 130,860 SF 100% Leased Industrial Building Toronto, ON M9W 5G7 $28,502,522 USD ($217.81 USD/SF)

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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.

385-387 Carlingview Drive Flyer - Updated

Property Facts

Price	$28,502,522 USD	Rentable Building Area	130,860 SF
Price Per SF	$217.81 USD	No. Stories	1
Sale Type	Investment or Owner User	Year Built	1967
Property Type	Industrial	Parking Ratio	0.7/1,000 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	$28,502,522 USD
Price Per SF	$217.81 USD
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Manufacturing
Building Class	C
Lot Size	6.79 AC
Rentable Building Area	130,860 SF
No. Stories	1
Year Built	1967
Parking Ratio	0.7/1,000 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
Full Build-Out
30 Days

This 23,740 square foot industrial unit on Carlingview Drive offers an excellent opportunity for users seeking functional warehouse space in a strategic Etobicoke location. The unit features an 18' clear height throughout, 2 truck level doors and 1 drive-in door, allowing for efficient shipping and receiving.