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600 Terry Fox Dr 22,133 SF 100% Leased Office Building Ottawa, ON K2L 4B6 For Sale
Investment Highlights
- The property is 89% leased with a strong tenant mix and great redevelopment potential.
- Positioned in the heart of Kanata South, the property benefits from proximity to major retail centers, residential neighborhoods.
- With its strategic location, flexible zoning, and strong tenant profile, 600 Terry Fox Drive presents a compelling investment opportunity.
- The building is situated along Terry Fox Drive, Kanata’s major north-south corridor, offering excellent connectivity to Ottawa’s downtown core.
- The surrounding area sees high traffic volumes, with 33,536 vehicles per day reported in 2024 at nearby intersections.
Executive Summary
Marcus & Millichap, Brokerage (“Advisor”), on behalf of the Vendor, is pleased to present the opportunity to acquire a 100% freehold interest in 600 Terry Fox Drive, located in Kanata, Ontario, Canada. This two-storey professional office building offers 22,133 square feet of Gross Leasable Area (GLA) and is currently 89% occupied by nine tenants, with a Weighted Average Lease Term (WALT) of 3.6 years. The site spans approximately 1.9 acres (82,872 SF) and is zoned IL5 H(22), allowing for a wide range of employment uses and a maximum building height of 22 metres.
Constructed around 1989, the property features 100 surface parking stalls, equating to a parking ratio of 4.52 per 1,000 SF, and includes one truck-level loading door at the rear. The building is situated along Terry Fox Drive, Kanata’s major north-south corridor, with approximately 254 feet of frontage and is less than 700 metres from Highway 417, offering excellent connectivity to Ottawa’s downtown core and surrounding regions.
Constructed around 1989, the property features 100 surface parking stalls, equating to a parking ratio of 4.52 per 1,000 SF, and includes one truck-level loading door at the rear. The building is situated along Terry Fox Drive, Kanata’s major north-south corridor, with approximately 254 feet of frontage and is less than 700 metres from Highway 417, offering excellent connectivity to Ottawa’s downtown core and surrounding regions.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
22,133 SF
Building Class
B
Year Built
1989
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,067 SF
Slab To Slab
9’
Building FAR
0.28
Lot Size
1.81 AC
Zoning
IL5 H(22) - Light industrial Zone
Parking
100 Spaces (4.52 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
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600 Terry Fox Dr
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