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Industrial · Ottawa, Canada
Sheffield Road Logistics Bay
Sheffield Industrial Park
The opportunity
Sheffield Road Logistics Bay is small-bay logistics fully leased to three regional operators with nowhere comparable to relocate. Rents were set six years ago and every expiry marks up against submarket vacancy of 2.4%. The Ottawa case: federal tenancy, low volatility, and the thinnest broker coverage of the four markets.
- Submarket vacancy at 2.4%
- Rents 15% below current asking
- 24' clear, six dock doors, 400A service