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Accelerating success.
GEORGE SINCLAIR +MARC KIRSHENBAUM INDUSTRIAL
ADVISORY TEAM
Q4 REPORT - 2015NORTH YORK + VAUGHAN
RECENT SALE TRANSACTIONS
75 DONEY CRESCENT VAUGHAN
> 351,886 Square Feet
> Sold for $22,500,000 to Royal Laser
The Manufacturing sector in Vaughan continues to be the number 1 employment sector taking up 23% of all industrial space
Toronto-York Spadina Subway extension wins project of the year from the Tunneling Association of Canada (Expected completion to be Q4 2017)
RECENT LEASE TRANSACTIONS
360 SPINNAKER WAYVAUGHAN
> 41,905 Square Feet
> Sold for $7,063,375 to a user
110 TYCOS DRIVE NORTH YORK
> 14,825 Square Feet
> Sold for $2,250,000 to Lonsdale Gallery
250 NORFINCH DRIVE NORTH YORK
> 63,410 Square Feet
> Sold for $5,000,000 to a user
11 CIDERMILL AVE UNIT 6VAUGHAN
> 3,319 Square Feet
> Leased for $7.50 to a user
20 HAFIS ROADNORTH YORK
> 20,000 Square Feet
> Leased for $6.78 to Bellwood Brewery
430 NORFINCH DRIVENORTH YORK
> 34,560 Square Feet
> Leased for $4.75 to a user
127 AVIVA PARK DRIVE 1VAUGHAN
> 50,600 Square Feet
> Leased for $5.75 to a user
MARKET FACTS
RECENT TRANSACTIONS: NORTH YORK I VAUGHAN
LEASE / SUB-LEASE
SALE NORTH YORK VAUGHAN9 DENSLEY AVENUE 90,699 SF – $9,900,000 ($109 PSF)
250 CANARCTIC DRIVE (CONDITIONALLY SOLD)27,494 SF –$3,295,000 ($119 PSF)
125 TYCOS DRIVE 51,400 SF - $7,500,000 ($145 PSF)
277 BASALTIC ROAD 77,024 SF - $9,999,000 ($130 PSF)
435 BOWES ROAD 24,625 SF - $5,200,000 ($211 PSF)
550 BOWES ROAD $94,981 SF - $9,500,000 ($100 PSF)
10,000 SF OR LESS 34 PROPERTIES AVAILABLE $5.92 NET PER SQUARE FOOT AVERAGE
10,000 – 30,000 SF 24 PROPERTIES AVAILABLE$5.09 NET PER SQUARE FOOT AVERAGE
30,000 – 50,000 SF3 PROPERTIES AVAILABLE$4.72 NET PER SQUARE FOOT AVERAGE
50,000 – 150,000 SF 0 PROPERTIES AVAILABLE
150,000 SF OR MORE2 PROPERTIES AVAILABLE$5.60 NET PER SQUARE FOOT AVERAGE
10,000 SF OR LESS53 PROPERTIES AVAILABLE $7.03 NET PER SQUARE FOOT AVERAGE
10,000 – 30,000 SF26 PROPERTIES AVAILABLE$6.97 NET PER SQUARE FOOT AVERAGE
30,000 – 50,000 SF 5 PROPERTIES AVAILABLE$5.85 NET PER SQUARE FOOT AVERAGE
50,000-80,000 SF 4 PROPERTIES AVAILABLE$5.93 NET PER SQUARE FOOT AVERAGE
80,000 – 120,000 SF3 PROPERTIES AVAILABLE$4.83 NET PER SQUARE FOOT AVERAGE
120,000 SF OR MORE6 PROPERTIES AVAILABLE $6.09 NET PER SQUARE FOOT AVERAGE
NORTH YORK
VAUGHAN
77 Million Square Feet (SF) of Industrial Inventory with 1.9% Availability for Sale or Lease.
71 Million Square Feet (SF) of Industrial Inventory with 3.1% Availability for Sale or Lease.
ASK US ABOUT OUR OFF MARKET PROPERTIES
9,400 SF FREESTANDASKING $1,363,000 ($145 PSF)
60,000 SF FREESTAND ASKING $5,100,000 ($85 PSF)
30,000 SF FREESTANDING ASKING $4,500,000 ($150 PSF)
28,000 SF FREESTAND ASKING $5,460,000 ($195 PSF)
COMING SOON:90,000 SF FOR SALE IN NORTH YORK
AVAILABILITY SNAPSHOT - Q4 I 2015
OUR CLIENTS
THE INDUSTRIAL ADVISORY TEAM
GEORGE SINCLAIR*Vice President, Sales Representative185 The West Mall, Suite 1600 Toronto, ON M9C 5L5T: +1 416 620 2824C: 416 417 4763Email: [email protected]
MARC KIRSHENBAUM*Sales Representative185 The West Mall, Suite 1600 Toronto, ON M9C 5L5T: +1 416 620 2879C: 647 963 7118Email: [email protected]
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls (Ontario) Inc., Brokerage.
Accelerating success.
Their knowledge of the market and strong negotiating skills resulted in a transaction that exceeded our expectations.
“ “ Always willing to go the extra mile.“
“
Have been provided many years of excellent service throughout North America.
“ “
MICHAEL LAZIER VP INVESTMENTS
JEFF MILLER DIRECTOR, PROPERTIES
JOHN LENNARTZDIRECTOR, REAL ESTATE
Very happy with the end results.“
“
Professionalism through and through.“
“ They understood my requirement, that’s why I went with them, I also received very good service.
“ “
TERRY BUDD BRIAN MCCRADY DIRECTOR, PROPERTIES
BRIAN VENISPRESIDENT
* Sales Representative
