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772 Warden Ave 81,152 SF 100% Leased Industrial Building Toronto, ON M1L 4T7 For Sale
INVESTMENT HIGHLIGHTS
- Unique opportunity for a user-investor or an income investor to acquire a rare freestanding industrial building in an exceptional Scarborough location
- For an income investor, there is an opportunity to generate significant income through lease rollover and lease-up of existing and future vacancies
- For a user-investor, there is an opportunity to occupy all or a portion of the building with the potential for some third-party income
EXECUTIVE SUMMARY
Institutional Property Advisors a division of Marcus & Millichap (the "Advisor" or "IPA) on behalf of the "Vendor" are pleased to offer for sale a 100% freehold interest in 772 Warden Avenue, Toronto, Ontario (the "Property").
Situated on a 3.9 acre parcel, fronting on Warden Avenue and South of Eglinton Avenue East, the Property presents an exceptional opportunity for an owner-user or investor to acquire a multi-tenant industrial building in the Greater Toronto Area (GTA), one of the strongest performing markets in North America with historically low vacancy rates. Specifically, Scarborough market has a low current vacancy rate of 1.3%, outperforming the overall GTA, and a current average asking rental rate of $16.66 PSF.
Totaling 81,152 square feet, the Property is 74.3% occupied with short-term tenants with no renewal options.
The property offers a central location with proximity to the Eglinton Crosstown Light Rail Transit (LRT) station, TTC subway and bus transit, the Kennedy GO train station and an array of necessity-based amenities. Located within the Golden mile neighbourhood, the Property benefits from having a large labour pool and growing population from the surrounding new residential developments.
Situated on a 3.9 acre parcel, fronting on Warden Avenue and South of Eglinton Avenue East, the Property presents an exceptional opportunity for an owner-user or investor to acquire a multi-tenant industrial building in the Greater Toronto Area (GTA), one of the strongest performing markets in North America with historically low vacancy rates. Specifically, Scarborough market has a low current vacancy rate of 1.3%, outperforming the overall GTA, and a current average asking rental rate of $16.66 PSF.
Totaling 81,152 square feet, the Property is 74.3% occupied with short-term tenants with no renewal options.
The property offers a central location with proximity to the Eglinton Crosstown Light Rail Transit (LRT) station, TTC subway and bus transit, the Kennedy GO train station and an array of necessity-based amenities. Located within the Golden mile neighbourhood, the Property benefits from having a large labour pool and growing population from the surrounding new residential developments.
PROPERTY FACTS
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1960 |
| Property Subtype | Warehouse | Parking Ratio | 0.74/1,000 SF |
| Building Class | C | Clear Ceiling Height | 16’7” |
| Lot Size | 3.90 AC | No. Dock-High Doors/Loading | 13 |
| Rentable Building Area | 81,152 SF | No. Drive In / Grade-Level Doors | 3 |
| Zoning | M - Manufacturing | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.90 AC |
| Rentable Building Area | 81,152 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.74/1,000 SF |
| Clear Ceiling Height | 16’7” |
| No. Dock-High Doors/Loading | 13 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | M - Manufacturing |
AMENITIES
- Fenced Lot
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772 Warden Ave
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