- What Crestpoint has listed a 107,000 sq ft warehouse in Mississauga
- Why Pricing guidance of $39m equals $364/sq ft
- What next Owner open to sale or lease deal
A large-bay Mississauga warehouse for sale near Toronto Pearson International Airport is expected to command bids of $39m, Green Street News can reveal.
Crestpoint Real Estate Investments is seeking $364/sq ft for the 107,000 sq ft industrial property at 240 Courtneypark Drive East. Conversely, the owner is open to leasing the entire space for $18/sq ft, starting in January 2026. The current lone tenant is a solar-panel manufacturer.
Colliers has the marketing assignment.
At the estimated value, a sale would be the year’s second-highest single-property industrial purchase in Mississauga, according to Green Street’s Sales Comps Database. Groupe Montoni paid $50.1m in February for a 200,000 sq ft warehouse at 6451 Northwest Drive.
On more than 4 acres, the offered property was built in 1998 for use by a prefabricated automobile parts manufacturer that has since relocated. Crestpoint has owned it for at least 10 years, according to city records.
The building has seven shipping doors – six at truck level and one with drive-in access – and a clear height of nearly 27 feet. There are 117 surface parking spaces.
Around 17,000 sq ft of space within the building is reserved for offices, though that can be reduced to 14,000 sq ft. The remaining 90,000 sq ft is suited for industrial tenants.
The building is a kilometre from the nearest on-ramp to Highway 410, which connects to Highways 401 and 407. Toronto Pearson International Airport is 6km away.
Based in Toronto, Crestpoint is one of the country’s largest privately owned real estate investment companies with a commercial property portfolio exceeding 38m sq ft.
