866 Langs Drive
866 Langs Drive, Cambridge, ON, N3H 5P6, CA
14,449 sm
Attributes
Building area net
7,428 sm
Occupancy
93%
Year built
2002
Land area gross
1 sm
WALT
3.7 years
Description
Jones Lang LaSalle Real Estate Services, Inc. ("JLL" or the "Advisor") is pleased to present the opportunity to acquire a 100% interest in 55 Fleming Drive, Cambridge, Ontario (the "Property"), a 79,952-square-foot multi-tenant industrial asset in the established LG Lovell Business Park. Built in 2002 on a 6.9-acre site, the Property offers modern, functional small-bay flex space, minutes from Highway 401 with excellent connectivity across Southwestern Ontario and the Greater Toronto Area.
The Property is 93% leased to 17 tenants with a 3.7-year WALT, and in-place net rents approximately 9% below market, offering rental upside potential alongside stable occupancy and diversified cash flow in a robust small-bay industrial market.
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Investment highlights
- Building Size: 79,952 sqft of functional industrial space in Cambridge, ON
- Land Area: 6.9 acres offering ample expansion potential
- Strategic 2002-built asset with a prime logistics location
- Proven stability in a high-demand market at below replacement costs
- Growth Catalyst: Increasing regional logistics demands drive potential for rental income growth
Media
55 Fleming (0 Properties)
