- What A custom nutrition bar manufacturer has put its Québec headquarters up for sale
- Why The company is seeking a sale-leaseback with 10-year term
- What next CBRE and Seville share the marketing assignment
A 147,000 sq ft industrial facility in Chateauguay, Qué., has hit the market for $35m, Green Street News can reveal.
Nutrition bar manufacturer Yourbarfactory is offering the facility under a sale-leaseback agreement. CBRE and Savills are marketing the property, at 160 Bélanger Street.
The price translates to a capitalization rate of 6.25%, with Yourbarfactory committing to a 10-year triple-net lease at $14/sq ft with 2.5% annual rent escalations. Under the proposed lease structure, Yourbarfactory will be responsible for all operating costs, including structural and capital items, as well as property management.
The LEED-certified building, on 7 acres, was built in 2014 and expanded in 2024. It comprises 88% warehouse space and 12% office space. It has an in-ground heating production system and on-site laboratory facilities.
There are nine truck-level doors and one drive-in door, along with 92 exterior parking spaces. Clearance heights range from 28 to 35 ft.
The property offers expansion potential, with the ability to add 30,000 sq ft of gross leasable area.
Yourbarfactory, which produces over 100 million bars annually for major retailers including Costco, Loblaws, Target and Walmart, will maintain the property as its sole headquarters and manufacturing and distribution facility. The company employs 135 people at the location.
The property is less than 2 km from Highway 30 and 12 km from Montréal-Pierre Elliott Trudeau International Airport.
