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High-Exposure, Multi-Tenant Industrial Complex with Opportunity for Near-Term Income Growth - #1
High-Exposure, Multi-Tenant Industrial Complex with Opportunity for Near-Term Income Growth - #2
High-Exposure, Multi-Tenant Industrial Complex with Opportunity for Near-Term Income Growth - #3
High-Exposure, Multi-Tenant Industrial Complex with Opportunity for Near-Term Income Growth - #4
High-Exposure, Multi-Tenant Industrial Complex with Opportunity for Near-Term Income Growth - #5
High-Exposure, Multi-Tenant Industrial Complex with Opportunity for Near-Term Income Growth - #6
High-Exposure, Multi-Tenant Industrial Complex with Opportunity for Near-Term Income Growth - #7
High-Exposure, Multi-Tenant Industrial Complex with Opportunity for Near-Term Income Growth - #8
High-Exposure, Multi-Tenant Industrial Complex with Opportunity for Near-Term Income Growth - #9
High-Exposure, Multi-Tenant Industrial Complex with Opportunity for Near-Term Income Growth - #10
The Property is a highly functional, small-bay, multi-tenant industrial complex with a combined rentable area of approximately 86,155 square feet. The Property is institutionally owned and maintained and benefits from clear heights in excess of 16 feet, four site access points, ample car parking, good site circulation, and 29 truck-level shipping doors (1 TL/2,970 SF).

The Property is located within close proximity of the Dixie Road and Matheson Boulevard East intersection, in the heart of the highly coveted industrial submarket of Mississauga. The Property offers quick and convenient access to highways 401, 403, 410 & 427, retail amenities, and public transit.

The Property is currently 100% occupied by 22 tenants, at in place rental rates that are estimated to be approximately 78% below current market rates. The weighted average lease term (WALT) of tenants is 2.08 years, providing investors with a unique opportunity in the near term to significantly increase rental income as tenant leases expire or convert the Property to strata-condo. Additionally, the Property is anticipated to sell at a substantial discount to replacement costs which are estimated to be +/- $440 PSF ($38M).