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$9,689,000
Est. payment /mo
21,020 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 21,020 sqft
Price per Sqft $460
Subdivision Milliken Mills West
MLS Listing ID N12258506
Building Age 31-50
Annual Tax Amount $31,431
Tax Year 2024
Property Sub-Type Investment
Lot Depth 380.0
Lot Front 155.0
Property Description
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.
Location
Province ON
County York
Community Milliken Mills West
Area York
Zoning EMP-GE
Interior
Cooling Partial
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 155.0
Lot Depth 380.0
Others
Security Features Yes
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Listed by CUSHMAN & WAKEFIELD