- What Two connected industrial buildings totaling 230,000 sq ft are for sale
- Why The seller is asking $180/sq ft
- What next CBRE has the assignment
A pair of connected industrial buildings in Montréal’s Saint-Laurent district is on the block for $41.5m, Green Street News can reveal.
The 230,000 sq ft complex at 5415 and 5425-5455 Chemin de la Côte-de-Liesse is being marketed by CBRE on behalf of Hillpark Capital. The valuation works out to $180/sq ft.
The buildings are zoned for industrial, mini-storage and self-storage uses, and can be sold together or as two separate assets: 5415 for $25.5m and 5425-5455 for $16m.
The larger building, at 5415, is 144,000 sq ft of warehouse space with ceiling heights ranging from 14 to 25 ft. It sits on almost 5 acres and has one drive-in door.
The second building, at 5425-5455, is 88,000 sq ft comprising 85% warehouse space and 15% second-floor office space. It has ceiling heights of 18 to 24 ft and two drive-in doors.
The complex is fully vacant and available for lease at $12.50/sq ft net.
The property has over 500 ft of exposure along Highway 40, with approximately 130,000 vehicles passing daily. It is just off Highway 40, providing access to major transportation routes throughout the Greater Montréal Area.
De la Savane and Du Collège metro stations are within a kilometre of the property. Montréal-Pierre Elliott Trudeau International Airport is 7 km away, and downtown Montréal is 8 km away.
