Colliers is pleased to offer 100% freehold interest in 355 Pinebush Road. This property is well situated close to the 401 in an industrial area of Cambridge, Ontario. The property offers consistent and steady cash flow, and value creation through moving to market rents at the end or the lease term and expanding the building. All of this in one of Canada’s most sought-after industrial markets. The current lease is at $6.25 PSF and goes to October 31, 2024. There is no renewal option. The average asking lease rate in Cambridge is $8.22 PSF and vacancy is 0.7%. Further, GTA average rents are $12.66 PSF.
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