- Property size 13,089 ft2
- Property class A
Single Tenant Office Investment Opportunity - office for sale
Jones Lang LaSalle Real Estate Services Inc. (“JLL”) is pleased to offer for sale a 100% condominium titled interest in the fourth, fifth and sixth floors of 59 Hayden Street, Toronto, Ontario (the “Property”). Offering 39,267 square feet (“sf”) within a newly built office condominium, the Property is fully leased for fifteen (15) years to Humber College Institute of Technology & Advanced Learning. With an exceptional tenant covenant and long-term income stability, the Property benefits from a highly-accessible and fully-amenitized location within Toronto's famous Yorkville neighborhood.
Exceptional Tenant Covenant
The Property is 100% leased to Humber College, one of Canada’s leading publicly funded educational institutions on a long-term, fully net lease with contractual rental escalations.
Premier Yonge & Bloor Location
Located just steps from Bloor-Yonge subway station, the Property benefits from excellent connectivity alongside an abundance of amenities, shopping, dining and entertainment options offered within the surrounding neighbourhood, which includes Yorkville and the famous “Mink Mile” luxury shopping district.
Newly Constructed Class ‘A’ Office Space
Completed in 2018 by Cresford Developments, the Property offers best-in-class accommodation with exceptional finishes and design elements throughout, ideal for the most discerning and highest quality tenants.
Free and clear of existing financing, the Property provides prospective purchasers with an opportunity to secure new first mortgage financing at historically low interest rates.