131 SARAMIA CRESCENT ∙ CONCORD, ONTARIO
CBRE is pleased to offer for sale 131 Saramia Crescent (the “Site” or the “Property”), located within Concord in the City of Vaughan. The Property is currently improved with a ±22,583 sq. ft. freestanding structure situated on a ±1.13 acre lot. The Property currently comprises approximately 12,551 sq. ft. of warehouse space and 10,032 sq. ft. of office space on two separate floors. The warehouse is currently fixtured with 3 drive-in level doors and a total clear height of approximately 23 ft. The Property is 100% occupied by two tenants, generating sufficient income with rental escalations in place this year. This offering presents an exciting opportunity for a range of investors looking to secure a large-scale, income producing industrial asset in the strong Concord employment market.
|Site Area||±1.13 ac.|
|Building Area||±22,583 sq. ft (Total)|
|±12,551 sq. ft. (Warehouse)
±10,032 sq. ft. (Office)
|Building Height||2 storeys|
|Clear Height||23 ft.|
|Shipping||3 Drive-in-Level Doors|
|Power||600 Volts, 400 Amps|
|Zoning||General Employment (EM1)|
|1st Floor & Warehouse|
16,936 sq. ft.
|End Date||April 23, 2020|
|Option to Renew||3 years plus a further 5 years|
|Annual Net Income||$180,360
(beginning April 24, 2019)
|2nd Floor Office|
|Rentable Area||4,895 sq. ft.|
|End Date||July 31, 2021|
|Option to Renew||5 years|
|Annual Net Income||$53,845 (beginning July 2019)|
2005 Sheppard Ave E
Toronto, ON · M2J 5B4
*Sales Representative, **Broker.
All outlines contained in this document are approximate.
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