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Industrial · Toronto, Canada
Scarborough Flex Terminal
Scarborough / Golden Mile
The opportunity
Scarborough Flex Terminal 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 1.8%. The Toronto case: CMHC-financed trades and a rental market with no new supply below $3.50/sf.
- Submarket vacancy at 1.8%
- Rents 19% below current asking
- 24' clear, six dock doors, 400A service