FOR SALE: High-Exposure Multi-Tenant with Flexible Zoning & Redevelopment Potential
On behalf of our client,?Colliers?National Investment Services, is excited to offer for sale a rarely available multi-tenant complex along the Dundas Street East corridor in the Mississauga sub-market.
The property is a highly functional, two building, multi-tenant complex that is 99% occupied by a diverse mix of specialty retail, industrial and restaurant tenants.?Both buildings, and the majority of units, have access to shipping doors providing the ability for a landlord to attract a wide range of tenancies.?In-place rents are approximately 30% below market rates and the majority of tenant leases have near-to-mid term expiries.?
The property benefits from prominent exposure to Dundas Street East, multiple site access points with a signalized intersection, a public transit bus stop, and close proximity to amenities and highways.
The property zoning (C3-66) allows for a wide variety of uses including: Retail, Restaurant, Financial Institution, Office, Warehouse/Distribution Facility, Manufacturing Facility, and Self Storage.?This zoning flexibility allows different options in how to position the complex in the future.
The property is located within the Dundas Connects Master Plan an area identified by the City of Mississauga for future growth and intensification.?Within the mid to long-term, the property offers redevelopment potential as a mixed-use site.
For more information on this exclusive investment opportunity, please contact? Victor Cotic , Gord Cook,?Max Brenzel,?or myself.
Property Brochure -?https://lnkd.in/e5GCMrny
Daniel Holmes?Robert Frost Peter Garrigan Lindsay Stiles ?Brian Rosen