- What Adesa Montréal sold a new car auction and dealership facility in Saint-Eustache for $60.2m
- Why 458,000 sq ft buidling was developed over the past year
- What next Impact Auto Auctions, a subsidiary of Adesa, is the new owner
An automotive auction and dealership facility in Montréal’s north shore was sold from one Adesa subsidiary to another for $60.2m, Green Street News can reveal.
The 64-acre lot, at 715 Rue Dubois, is home to a 458,000 sq ft building developed last year with a construction loan from JPMorgan Chase. Adesa Montréal sold the property to Impact Auto Auctions on April 30 for $131/sq ft via CBRE.
Both Adesa Montréal and Impact operate as subsidiaries of Adesa. Combined, the platforms focus on whole vehicle auctions and remarketing, with facilities nationwide.
Adesa Montréal bought the property in December 2023 for $69.7m from Cox Automotive Canada. At the time, it had a 6,000 sq ft building from 2001 that was knocked down last year.
The sold property, in the Saint-Eustache industrial auto hub, has 513 ft of frontage on Dubois, which runs parallel to Highway 440 with only a few meters spacing between the two roads. The building has 18 drive-in doors, purpose-built for high-volume vehicle processing and storage.
According to Green Street’s Sales Comps Database, this purchase by Impact is the second-largest industrial-property sale in Québec so far in 2025. The largest was Broccolini’s sale of two buildings on Avenue Ryan in Dorval to Aéroports de Montréal for $61.5m in March.
Broccolini’s Avenue Ryan deal included a newly completed 37,000 sq ft facility, developed after acquiring the site in 2021. Like the Adesa trade, Broccolini’s sale underscores the strong demand for newly built, purpose-driven industrial assets among institutional buyers in the Greater Montréal market.
According to CBRE Research Manager Alessandro Migliara, there has been a significant shift from the pandemic era to something more conservative with developers favouring build-to-suit. As of the fourth quarter of 2022, such construction represented 2% of inventory. Today, that figure stands at 62.1%.
On the same road in Saint-Eustache as the Adesa property is a vacant, 7-acre lot that Groupe Constantin has listed for $10m, which would be the largest development site sale this year in Montréal’s off-island northern suburbs.
