For Sale Office/Retail Investment Property On Highway 7 In Markham Warden/Highway 7 (Markham, Ontario, CA ) Built

$8,300,000

Dencor Realty, Inc.

Dennis Alexander Dennis Alexander (844) 953-1100 Ext 1 (Office) (416) 953-1100 (Cell) (416) 410-1100 (Fax) Request More Info

  • Type: Commercial
  • Style: Commercial
  • Size: 13,514 sq. ft.
  • Development Level: Built
  • Year Built: 2002

Description

Property overview
Located North of Toronto, Markham is the largest city in York Region and the fourth largest in the Greater
Toronto Area. Markham’s large population, comparatively low cost of doing business, and access to highways/
transit have made it a popular destination for multinational companies’ Canadian headquarters. The city
boasts itself as “Canada’s Hi-Tech Capital” due to the over 1,100 techonlogy and life science companies that
have offices in Markham.

Property specifications

TOTAL GFA
Units 106-110 – 6,554 square feet
Units 206-212 – 6,960 square feet
Total: 13,514 square feet

TENANT
HSBC Bank Canada (single tenant)
LEASE TERM Expires March 31, 2027

PARKING
3/1,000 sf ratio in the surface and underground

YEAR BUILT
Completed in 2005

TAXES
$80,522.75 (2020)

KEY FINANCIALS
Net Income (est. 2021): $369,000

PRICE
$8,300,000.00

The opportunity
– Acquire a fully leased income producing property in a prime location.
– 100% leased and occupied by HSBC Bank Canada
– Central Markham location with frontage and building signage onto Highway 7
– Mixed-use project connect to new transit and road infrastructure
– Part of the Downtown Markham master planned community

Investment highlights
– The subject property benefits from its prime location, access to transit, and nearby amenities.
– Highways 404 and 407 are accessible in minutes by car, while York Region Transit and VIVA Transit stops are in direct proximity of the property.
– The city boasts itself as “Canada’s Hi-Tech Capital” due to the over 1,100 technology and life science companies that have offices in Markham.
– Nearby amenities include Markham Town Centre, Hilton Suite Hotel, First Markham Place shopping centre, and Buttonville Municipal Airport.

Attachments

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