345 Wilson Avenue for North York, on Sale 11,739 Sf
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TORONTO 401 WILSON AVENUE 345 WILSON AVENUE FOR NORTH YORK, ON SALE 11,739 SF OFFICE INVESTMENT OPPORTUNITY Luis Almeida, SIOR Mark Cascagnette, SIOR Jake Mondrow Senior Vice President, Partner President, Managing Partner Senior Associate Sales Representative Sales Representative Sales Representative D 416.628.8151 D 416.628.8146 D 416.628.8151 [email protected] [email protected] [email protected] Local Expertise. International Reach. World Class. WWW.LEETORONTO.COM KEY HIGHLIGHTS THE LOCATION Exclusive office investment opportunity strategically located in North York, Toronto, with immediate highway access and public transit at doorstep. The fully tenanted building is currently being utilized as an office building and offers a unique and rare value add opportunity. WILSON AVENUE THE PROPERTY 345 WILSON AVENUE LOT AREA ± 0.30 Acres GROSS MEASURED AREA 13,293 SF TOTAL RENTABLE AREA 11,739 SF (4 floors) ZONING Avenues Mixed Use Zone (AV-MU) PROPERTY TAXES $34, 230 (Annual 2019) 345 WILSON AVENUE \\ NORTH YORK, ON All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. 345 WILSON AVENUE OVERVIEW • Modernized building with updated lobby, hallways and bathrooms • 14 office suites over 4 floors • 120’ frontage on high traffic Wilson Avenue • Bus stop at doorstep / Wilson Station nearby • Quick access to Hwy 401, Yorkdale, Costco INVESTMENT OPPORTUNITY ADDITIONAL FEATURES • 100 % occupancy • Building has thermopane windows • 2 - 4 years remaining on lease terms with • Main electrical service is 600 amps/208 volts various renewal options • Unit sizes range from 389 sf to 2,629 sf • 14 diverse tenants • Property free and clear of financing • ProjectedHWY. 7 Annual NOI: $262,000 (rounded) • Building has been updated and modernized • Demand for office space in North York has in common areas such as lobby, hallways and HWY. 407 pushed rental rates higher with annual bathrooms. B Y a K o t e h n e u g l increases of 3% since 2018 e r e s S t S t S t . t Steeles Ave. Steeles Ave. HWY. 7 LEGEND HWY. 407 D H u W B Y a K f o t e f h n Y e e u g l e r e . r s S t i S 4 t n S t . t 0 . S Steeles Ave. Steeles Ave. 0 t 3 . MIN Yorkdale Shopping Centre 4 LEGENDMIN Downsview Station D H u W f 15 f Y Spadina and Bloor Station e MIN . r i 4 n 0 S 23 0 t Finch Ave. 3 Union Station . MIN MIN Yorkdale Shopping Centre 4 MIN Downsview Station 15 FINCH/YONGE MIN Spadina and Bloor Station Finch Ave. 23 Union Station STATION MIN FINCH/YONGE STATION 3 3 Y MIN K Wilson Station J 3 3 Y MIN K Wilson Station o J e o a e a n n e n e n g l e e g e l e S S e S t e t . t . S . S S 15 t MIN Lester B. Pearson International Airport t . t . 25 MIN Downtown 4 15 4 MIN Allen Rd. Sheppard Ave. MIN Lester B. Pearson International Airport 4 7 MIN MIN25HWY. 401 DOWNSVIEW 17 MIN Downtown SHEPPARD/YONGE MIN HWY. 400 STATION STATION 2 4 MIN 4 Big Box Stores H 3 MIN Allen Rd. A 4 W Sheppard Ave. l l Y 4 e 7 . n EARL BALES MIN 4 DOWNSVIEW MIN HWY. 401 R PARK 0 d 0 1 DOWNSVIEW . 17Humber River Hospital SHEPPARD/YONGE 2 MINBaycrHestW HeaYlth. S4cie0nc0es STATION STATION 3 2 North York Branson Hospital MIN 2 01 4 Big Box Stores 4 North York General Hospital Y. W H 3 H A 4 W Wilson Ave. York Mills Rd. l l Y e Barbara Frum Library . n EARL BALESWILSON YORK MILLS/ 4 DOWNSVIEW STATION YONGE STATION R PARK 0 d Ancaster Community Centre A 0 1 1 l . Humber River Hospital l e n R d 2 Baycrest Health Sciences . Don Valley Golf Course HWY. 401 Y 3 North York Branson Hospital o n 1 g 2 0 e 4 S North York General Hospital B 4 A 1 John Polanyi Collegiate Institute . t a . 3 v Y t MIN e h D 2 2 n Faywood Arts-Based Curriculum School u K W u u r e f H e YORKDALE s f 3 e Dublin Heights Elementary & Middle School t e R l r e B STATION S d i l n t 4 a S . William Lyon Mackenzie Collegiate Institute c t S k . t Wilson Ave. York Mills Rd. C r e e k Barbara Frum Library D r 1 WILSON . LawrencYe ORAve. K MILLS/ STATION YONGE STATION LAWRENCE LAWRENCE/YONGE J STATION STATION a n Ancaster Community Centre e A 1 S t l . l e n Eglinton Ave. R EGLINTON/SPADINA EGLINTON/YONGE d STATION STATION . Don Valley Golf Course HWY. 401 Y BLOOR LINE 15 BLOORo LINE MIN n SPADINA g BLOOR/YONGE e STATION STATION S B A 1 John Polanyi Collegiate Institute t a . 3 v t MIN TTC SUBWAY e h D 2 2 n Faywood Arts-Based Curriculum School u K u u r e f e YORKDALE s f 3 e Dublin Heights Elementary & Middle School t e R 23 l MIN r e B STATION S d i l n t 4 a S UNION . William Lyon Mackenzie Collegiate Institute c t S STATION k . t C . r e e k D r 1 . Lawrence Ave. 345 WILSON AVENUE \\ NORTH YORK, ON LAWRENCAllE information furnished regarding property for sale, rental or financing is from sources deemedLAWREN reliable,CE/YON GbutE no warranty or representation is made to the accuracy thereof and same is submitted to errors, J STATION STATION a omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. n e S t . Eglinton Ave. EGLINTON/SPADINA EGLINTON/YONGE STATION STATION BLOOR LINE 15 BLOOR LINE MIN SPADINA BLOOR/YONGE STATION STATION TTC SUBWAY 23 MIN UNION STATION INVESTMENT HIGHLIGHTS STRATEGIC LOCATION AND SUPERIOR ASSET QUALITY • Central North York location with exceptional access to multiple 400 series highways and public transportation between 2 TTC subway stations. • Multi-tenant office building with an abundance of surface parking available STABLE CASH FLOW WITH UPSIDE • Diverse mix of long-standing tenants offering strong cash flows • All leases on gross basis creating security for tenants and long term stability • Fully tenanted building with annual rent increases in place for all tenants VALUE ADD POTENTIAL • Potential for high density residential and retail redevelopment in the future • Opportunity to grow current rents • Add a management fee to the rent • Potential to lease out parking for extra income • Building signage opportunity to increase revenue 345 WILSON AVENUE \\ NORTH YORK, ON All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. For further details, please contact: Luis Almeida, SIOR Mark Cascagnette, SIOR Jake Mondrow Senior Vice President, Partner President, Managing Partner Senior Associate Sales Representative Sales Representative Sales Representative D 416.628.8151 D 416.628.8146 D 416.628.8151 ONLINE DATA ROOM Upon request, the Advisor shall provide access to an online data room to those prospective purchasers who have executed the Advisor’s Confidentiality Agreement. The data room shall include documents for the review of prospective purchasers. Relevant information related to the subject property will be included therein for consideration of prospective purchasers. All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice No liability of any kind is to be imposed on the broker herein. Local Expertise. International Reach. World Class. WWW.LEETORONTO.COM.