3560-3590 Lake Shore Blvd W
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3560-3590 Lake Shore Blvd W
2 Retail Properties Offered at $8,465,788 USD in Toronto, ON
Investment Highlights
- High exposure location
- Retail amenities nearby
- Heavy daytime foot traffic area
- Access to public transit and highway
- Heavy commercialized area
- Natural light exposure
Executive Summary
strategically positioned in Etobicoke’s Long Branch neighborhood, the assets are situated along a high-traffic major arterial road, and are in close proximity to Humber College & the Long Branch GO Station. The properties have a combined net rentable area of 19,829 square feet of prime retail/commercial space comprised of 9 retail units with a total 68 parking stalls. Both assets are 100% leased to a diverse mix of high-covenant essential national and local retailers, including Hero Burger, Pita Pit, The Beer Store and Pet Valu, as well as other QSR restaurants, medical and personal service businesses that serve the local community as well as attracting customers from a wider radius. The properties have a combined weighted average remaining lease term of 7.5 years, with revenue growth throughout the term from contractual rental increases. Built in 2016 and 2019 respectively. The properties are less than 10 years old and will require minimal repairs/replacements in the near-term.
Property Facts
Price | $8,465,788 USD | Number of Properties | 2 |
Price / SF | $178.38 USD / SF | Individually For Sale | 0 |
Sale Type | Investment | Total Building Size | 47,459 SF |
Status | Active |
Price | $8,465,788 USD |
Price / SF | $178.38 USD / SF |
Sale Type | Investment |
Status | Active |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 47,459 SF |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
3560 Lake Shore Blvd W, Toronto, ON M8W 1N6 | Retail | 12,407 SF | 2015 | - |
3590 Lake Shore Blvd W, Toronto, ON M8W 1N6 | Retail | 35,052 SF | 2019 | - |
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3560-3590 Lake Shore Blvd W
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