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$9,689,000
For Sale
250 Ferrier Street, Markham, ON L3R 2Z5
Markham, ON L3R 2Z5
Property Sub Type
Investment
Property Type
Commercial
Property Use
Industrial
250 Ferrier is a light industrial building with some office and warehousing Tenants in half the building. The property is 50% vacant and is a great opportunity for an occupier-investor or an occupier with need for future growth. Approximately 10,000 sf is vacant, being Unit J located at the rear of the building, offering 1 TL and 1 oversized drive in door and boasts clear heights of 20' 2". The remainder of the building (approximately 10,000) is occupied by 7 Tenants paying below market net rents leaving room for rental income growth. The front portion of the building has lower clear heights of approximately 12' clear and there is about 2,000 sf of mezzanine space in the rear, also occupied by office Tenants. The property is located just north of Steeles and west of Warden and provides excellent access to public transit and an abundance of nearby amenities. Recent environmental and building condition reports have been completed by the Vendor. Please reach out to designated listing agent for Confidentiality Agreement (CA) and access to reports and rent roll.
