- What Firm Capital sold its 50% stake in a 160,000 sq ft industrial duo
- Why The company is reducing exposure to large tenants and recycling capital
- What next Groupe Sabbah is the buyer
Firm Capital Property Trust has exited its 50% interest in two industrial buildings in Mount Royal, Qué., for $27.9m, Green Street News can reveal.
Groupe Sabbah purchased the firm’s interest in 5775 and 5815-5825 Ferrier Street. Avison Young brokered the deal, which closed on May 8. The price works out to about $175/sq ft.
The transaction represents the second-largest industrial sale in the Greater Montréal Area so far in 2025, according to Green Street’s Sales Comps Database. It was surpassed by Broccolini’s $61.5m disposition of 10325 and 10345 Ryan Avenue on March 10.
The Ferrier Street properties were last acquired in 2018 for $11m and held in a 50/50 JV. The buildings collectively span 159,000 sq ft. 5775 Ferrier Street was built in 1961, and 5815-5825 Ferrier Street was built in 1959.
The buildings are anchored by DavidsTea and Bula Canada and are 30% vacant. The site offers last-mile distribution, with 12 dock doors and two drive-in doors.
The properties are roughly a kilometre from Highway 40 and 6km from Highway 20.
Firm Capital will use the proceeds to repay debt and pursue new acquisitions in smaller-bay industrial, grocery-anchored retail and multi-residential properties.
Groupe Sabbah, based in Mount Royal, is an investment company led by Samy Sabbah. The firm focuses on managing and growing a diverse portfolio of assets, with operations headquartered at 5760 Ferrier Street.
