Institutional Property Advisors a division of Marcus & Millichap (the "Advisor" or IPA")on behalf of the the "Vendor" are pleased to offer for sale a 100% freehold interest in 220-260 Lesmill Road, North York, Ontario (the "Property"). Situated on a 5.1-acre land parcel, fronting on Lesmill Road south of Highway 401 and east of Leslie Street, the Property presents an exceptional opportunity for an investor to own a multi-tenant industrial building in an established affluent Toronto node and having historically low vacancy rate. With over 830 million square feet of inventory, the Greater Toronto Area (GTA) industrial market continues to demonstrate excellent market fundamentals, with current vacancy rate at 2.6% and a five year compounded annualized growth rate of 17% in net rents. Specifically, North York has one of the lowest current vacancy rates in the market sitting at 1.7%. Totaling 114,873 square feet, the Property is 100% occupied by a well-balanced tenant mix, suited for the neighbourhood and has a weighted average lease term (WALT) remaining of 3.4 years. In-place rents are below market rents, providing an opportunity for substantial income growth in the short to medium term. The Property offers a central location with immediate proximity to an array of retail and service amenities, convenient public transit, and highways.