- What 155 Engelhard Drive in Aurora is in play for $772/sq ft
- Why The office building includes a data centre/server room
- What next Royal LePage franchise Your Community Realty has the assignment
An office building with data-centre capability north of Toronto is on the block for $18m.
Royal LePage franchise Your Community Realty is marketing 155 Engelhard Drive in Aurora. The valuation for the nearly 24,000 sq ft property works out to $772/sq ft.
Alongside office space, the property includes a data centre/server room. Tenants include Commport Communications as well as Mission Fundraising.
The 1.7-acre property is zoned commercial E1, allowing for uses such as a private school, a professional office or a banquet facility.
Near the corner of Bayview Avenue and Vandorf Sideroad, the property is less than 5 km from Highway 404, Yonge Street, and the Aurora and Bloomington GO stations. Several York Region Transit routes service the site.
The Beacon Hall Golf Club, Westview Golf Club and Holiday Inn Express & Suites Aurora are nearby. Canadian companies with headquarters in Aurora include Bulk Barn, Magna International and Kirchhoff Automotive.
Amid the post-pandemic return-to-office push, suburban properties in the Greater Toronto Area have proved more appealing than their downtown counterparts, in part due to the ease of workers’ commutes.
In Q2, the office vacancy rate in the GTA North was 10.4%, according to Colliers. By comparison, it was 13.7% in downtown Toronto and 16.4% in midtown.
