In June 2018, Montcrest Asset Management (formerly known as NYX Capital Corp.) acquired a three-storey, 159,000 square foot office building located at 1450 Don Mills Road, Toronto. Montcrest partnered with Bluebird Self Storage to reposition the vacant office building into an A-Class, climate-controlled, self-storage facility. The existing building is of high-quality construction and in excellent shape for its 30-year age. The site also offers plenty of room to accommodate an additional 50,000 square feet of one-storey, drive-up units.
This high-profile property sits on 385 feet of frontage on Don Mills Road, translating into exposure to over 34,000 cars per day. Located near prominent retail, commercial, and residential neighbourhoods, Don Mills is one of Toronto’s best known and most popular neighbourhoods. Although the population density is over 288,000 within a five-kilometre radius, there is only one self-storage competitor within one-kilometre of the property.
