50 Saint Clair Avenue East, Toronto, ON, M4T 1M9, CA

50 St Clair Avenue

Descripción del activo

The JLL Private Capital Group (“JLL”) is pleased to offer for sale a 100% freehold interest in 50 St. Clair Avenue East, Toronto, ON (the “Property” or the “Site”). Occupying a highly desirable location near the Yonge – St. Clair intersection, the Property features a 9,213 square foot (“SF”) mixed-use building on a 2,756 SF lot, which controls one of the last remaining assemblies in the Yonge – St. Clair neighborhood. The Property is located across from the St. Clair TTC Subway Station and is also serviced by the St. Clair TTC Streetcar on its doorstep, providing easy access throughout Downtown Toronto, Midtown, and North York.

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Aspectos destacados de la inversión

The Site is improved with a four (4) storey mixed-use building that includes 7,500 SF of office space and a ground floor retail unit totalling 1,713 SF. The building is currently 100% occupied with a weighted average lease term (“WALT”) of 2.4 years, providing prospective owners with secure cash flow. The lease agreements are structured with landlord friendly termination options, allowing potential users the opportunity to occupy the building in the near-term.