1055 Squires Beach Road
Pickering, Ontario
Building
Stats
- Total Area 209,603 sf
- Office Area 18,524 sf (Leased)
- Industrial Area 191,079 sf (Available August 2024)
- Year Built 2001
- No of Units 2
- Lot Size 9.41 acres
- Coverage (%) 48%
- Clear Height 28’
- Shipping 17 Truck Level & 1 Drive-in Door
- Zoning M2S
- Asking Price $52,500,000 ($250 psf)
- Taxes $274,555.70 (2023) Annual
Overview
Avison Young Commercial Real Estate Services, LP, Brokerage (“Avison Young”) has been retained to advise and manage the sale of 1055 Squires Beach Road, Pickering (the “Property”) on behalf of PSS Investments II Inc. (the “Vendor”). The Offering presents a user or investor with a exceptional opportunity to acquire a two-tenant industrial building in one of North America’s most sought-after and dynamic industrial markets. 1055 Squires Beach road has a 0.7 year WALT as of January 1, 2024, that provides an investor the opportunity to immediately mark-to-market in a strong leasing market and immediately grow NOI. Additionally it offers a user the ability to self occupy 191,079 sf as of August 2024.
