450-452 Bowes

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to offer for sale a 100% freehold interest in 450-452 Bowes Road, Vaughan, Ontario (the “Property”), two multi-tenant buildings comprising 78,379 square feet1 (“sf”) of high-quality industrial space on an 8.7-acre site, including 3.4 acres of excess land, which is currently leased as highly coveted outdoor storage space. Situated within an established business park of central Vaughan, proximate to the Vaughan Metropolitan Centre, the Property benefits from exceptional accessibility to Highways 7, 400 and 407, several key logistic hubs and an array of retail amenities. 

The Property comprises 10 small to mid-bay units, offering modern and well-maintained warehouse space, clear heights between 13 and 23 feet, eight truck-level doors and 18 drive-in doors, along with approximately 3.4 acres of excess land, which is currently being utilized by existing tenants as outdoor storage space. Positioned among the highest quality small-bay buildings in the submarket, the Property is fully leased with attractive in-place rents and strong contractual escalations over a weighted average remaining lease term (“W.A.L.T.”) of 3.9 years², providing an investor healthy and stable cash flows over the medium term.