描述

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) is pleased to present an opportunity to acquire a 100% interest in a portfolio comprising two multi-tenant small-bay industrial buildings located at 1177 and 1195 Franklin Blvd, Cambridge, Ontario (the “Properties” or collectively, the “Portfolio”). Situated within the established LG Lovell Business Park, the Properties total 84,225 square feet (“sf”) across 35 units on two sites totalling 7.07 acres. Constructed in 1986 and 1987, the Properties offer functional small-bay industrial and flex warehouse spaces that can accommodate logistics, manufacturing and distribution, and a diverse range of commercial uses. The Portfolio is currently 94% leased to 17 tenants with a weighted average lease term (“W.A.L.T.”) of 1.9 years. The Properties offer investors the opportunity to capture near- to medium-term rent growth, as limited new supply of small-bay industrial space continues to drive rents, particularly for buildings with high visibility and immediate access to Highway 401.

...