- What Urban Capital Property Group and Rosewater Developments are shopping the retail space in Queensway Park for $12.4m
- Why The building was completed in 2021 and is 100% occupied
- What next Behar Group has the listing
Urban Capital Property Group and Rosewater Developments are looking to offload the retail space in their Queensway Park project for $12.4m.
Comprising five retail units at 772-784 The Queensway in Toronto’s Etobicoke district, the offering occupies the ground floor of a 167-unit condominium development. Behar Group has the listing.
The development was completed in 2021. The retail space spans just over 17,000 sq ft and is 100% occupied. Tenants include the Beer Store, a dog daycare, a dentist, a pharmacy and a tutoring centre.
Tenants are all on leases of 10 years or more, with a weighted average lease term of just over nine years.
Queensway Park’s underground parking lot includes designated spaces for retail customers. The property is also serviced by a TTC bus route. It is across the street from the Queensway Royal York Centre with several retail storefronts, including an auto centre, a gym and multiple restaurants.
The Queensway Park units are being offered free and clear with no assumable debt, and offers are being accepted on a rolling basis.
