- What A 50,000 sq ft industrial facility in Dorval is being shopped for $12.5m
- Why The property offers vacancy for value-added potential
- What Next Colliers has the marketing assignment
Mondev is floating a 50,000 sq ft industrial facility in Dorval, Qué., for $12.5m, Green Street News can reveal.
Colliers has the marketing assignment for the property at 1600-1605 St-Régis Boulevard.
The building, on over 2 acres, has 16-ft clearance heights and eight truck-level doors.
The property has 16,000 sq ft of vacant space, which accounts for roughly 32% of the total area. It includes 15% office space and two truck-level doors. Marketing materials tout the vacancy as having value-added potential of more than 30%.
The facility has two major tenants. An industrial tenant occupies 29,000 sq ft with a lease expiring Oct. 31, 2026, with a five-year renewal option. An office tenant occupies 6,500 sq ft with a lease expiring in August 2026.
The property is 2 km from Montréal-Pierre Elliott Trudeau International Airport, with nearby access to Highway 40 and Highway 13, providing transportation links throughout the Greater Montréal Area.
