1333 Neilson Rd - Medical FOR SALE


Toronto, ON M1B 4Y9
$9,900,000 CAD
416-798-6241
1333 Neilson Rd, Toronto, ON for Sale
$9,900,000 CAD
Medical - FOR SALE
1/5
null | Request Cap Rate

1333 Neilson Rd
Toronto, ON M1B 4Y9


OVERVIEW

Offering A 100% Freehold Interest In The Malvern Medical Arts Building: A 40,631 SF Medical Office Building Located At 1333 Neilson Road In Scarborough. Malvern Medical Arts Is A Professionally Managed And Well-Maintained Building With Excellent Parking And Presents A Unique Opportunity For End Users, Investors, And Developers. Currently 80% Leased With 6.3 Years Of Weighted Average Lease Term (Inclusive Of A 12,478 SF Vendor Headlease). The 12,478 SF Lower Level Unit (Subject To A Vendor Headlease) Was Previously Home To A Medical Clinic And Can Be An Ideal Opportunity For Similar Uses Or The Space Can Be Further Demised As Required To Suit An Owner/Occupier. Across The Street From Malvern Town Centre Which Has Made An Application For A Master Community Including Over 470,000 SF Across 13 Towers With Substantial Parkland Dedication And Commercial Amenities. Located Along A Major Bus Route That Serves Commuters From Centenary Hospital Which Is Part Of The Scarborough Health Network***** EXTRAS **** *Situated Only 3.5km South Of The Property. 180 Parking Spaces Inclusive Of An Additional 60 Parking Spaces At Malvern Presbyterian Church.

FOR SALE DETAILS

PRICE

$9,900,000 CAD

PRICE/SF

$244 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Malvern Medical Arts

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

CR

APN/PARCEL ID

190112520700180

ASK ABOUT THIS PROPERTY

Brad WalfordCBRE, LimitedMore Info
416-798-6241

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Brad WalfordCBRE, LimitedMore Info
416-798-6241

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.