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.

Permitted Uses

  • Accessory Retail Sales to an Employment Use
  • Accessory Office Uses to an Employment Use
  • Business and Professional Offices
  • Banquet Hall, in a Single Unit Building*
  • Convention Centre, Hotel & Motel*
  • Club, Health Centre
  • Recreational Uses
  • Bowling Alley*
  • Car Brokerage
  • Service and Repair Shop


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)
Taxes $21,975.89 (2019)
Vaughan Industrial
Vacancy Rate


1st Floor & Warehouse
Rentable Area

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)

Regional Context

CBRE Limited
2005 Sheppard Ave E
Suite 800
Toronto, ON · M2J 5B4

Mike Czestochowski**
Executive Vice President
T+1 416 495 6257
[email protected]

Evan Stewart
Sales Representative
T+1 416 495 6205
[email protected]

Arlin Markowitz*
Senior Vice President
T +1 416 815 2374
[email protected]

Lauren White*
Senior Vice President
T+1 416 495 6223
[email protected]

*Sales Representative, **Broker.
All outlines contained in this document are approximate.

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