- What Place Major is on the block for $21m
- Why The valuation works out to approximately $217/sq ft
- What next CBRE has the marketing assignment
A grocery-anchored strip mall on Montréal’s North Shore is on the market for $21m, Green Street News can reveal.
Place Major, in the Domaine-du-Boisé neighbourhood of Terrebonne, spans 96,000 sq ft. At the listed price, a buyer’s initial annual yield would be 6.5%. The property is 98% leased.
CBRE has the listing on behalf of a private family.
The property is anchored by Super C. Other tenants include Dollarama, Jean Coutu, Mondou and National Bank. The average remaining lease term is six years.
This sales campaign is targeting investors seeking a substantial footprint in the region. The property, at 5333 and 5381 Laurier Boulevard, is 4 km from Highway 640 and 35 km from downtown Montréal.
