1400 Victoria Street East, Whitby
Michael Law matched a visionary buyer to a multi-tenant portfolio with stable growth, avoiding an off-market discount.
$27.2M
Deal Value
115,284 SF
Square Footage
The Asset
- Address: 1400 Victoria Street East, Whitby
- Size: 115,284 sq. ft. multi-tenant facility
- Land: 10.97 acres
- Price: $27,200,000
5 stable tenants with rental growth secured premium pricing and justified a formal listing process.
Transaction Structure
- Seller's Goal:Hit target price, avoid off-market sale
- Buyer's Strength:Long-term hold + ideal closing timeline
- Solution:Formal process yielding $27.2M transaction
The Challenge
The seller had a specific price threshold in mind — enough to justify keeping the asset off-market and running no formal listing process. Finding a buyer who could meet that number, align on closing timelines, and satisfy the seller's investors was essential.
The Solution
Michael presented a buyer with a longer-term vision for the property and the flexibility to meet the seller's ideal closing timeline. The combination of price certainty and timeline alignment made the transaction compelling for the seller and their investors, resulting in a clean $27.2M close.
Results at a Glance
Address
1400 Victoria Street East, Whitby
Building
115,284 sq. ft.
Land
10.97 acres
Tenants
5 with stable rental growth
Sale Price
$27,200,000
Representation
Michael Law (buyer)
"$27.2M achieved through perfect buyer timing and long-term vision alignment."
Work with Michael Law
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