Location
Etobicoke
Property Type
industrial
Surface Area
128,256
- 128,000 SF Class B/C light industrial warehouse located on a 5-acre lot less than 5 kilometers from Pearson International Airport.
- Benefits from major logistics connectivity, access to major retail centres, labour supply and public transit routes.
- Acquired at an attractive price of $150 PSF significantly below replacement costs.
- Capital investment program:
- Retrofit building:
- roof
- electrical systems
- façade
- structural upgrades
- glazing
- HVAC; and
- replacement of overhead doors.
- Purchased vacant allowing for capital improvement work to begin immediately and leasing efforts to commence at an early stage of the investment process.
- Significant demand for industrial space to serve last mile logistic market in Greater Toronto Area.
- Plan to execute long-term leases to investment grade tenants providing significant increase to asset value and long-term cash flow.