77 Peter Street
77 Peter Street Toronto , Ontario M5V 2G4

77 Peter Street - mixed use for sale

18,253 ft2
Mixed use Sale/Purchase
Contact us for price

Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to offer for sale a 100% freehold interest in 77 Peter Street (the “Property”), a premier brick-and-beam office building with strong and secure income supported by long-term tenancies. Occupying a highly desirable location on Peter Street, between King and Adelaide Street in Downtown Toronto, the Property is surrounded by a complete mix of amenities, transit options, and high-density residential development.

The Property is currently improved with a four-storey office building totaling 18,253 square feet (“SF”) that is 100% occupied by AppLovin Canada and Infinity Health Centre with a weighted average lease term (“W.A.L.T.”) of 5.3 years. Both lease agreements have built-in rental escalations over the course of the remaining term offering contractual rental escalations for prospective purchasers.