866 Langs Drive
866 Langs Drive, Cambridge, ON, N3H 5P6, CA
155,528 sf
Description
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.
...
Attributes
Building area gross
84,225 sf
Occupancy
94.3%
Year built
1986
Land area gross
7.8 acres
1177 & 1195 Franklin Boulevard (2 Properties)
1177 & 1195 Franklin Boulevard (2 Properties)
Media
Investment Highlights
- Cash flow stability with 94.3% occupancy across 35 units.
- 1.9-year W.A.L.T. ensures steady lease renewal opportunity.
- 7.2% above-market rent offers immediate rental upside.
- Prime location: 1.5 km to Highway 401 boosts tenant appeal.
- Limited new supply in small-bay industrial space ensures strong demand.
- Built 1986–1987; quality construction below replacement cost.
- Potential rent growth tied to local market trends.
- Strategic positioning near Cambridge retail corridor.
- Ideal for logistics, manufacturing and diverse commercial uses.
