- What A six-building retail complex in Saint-Basile-le-Grand, Qué., is available at a 6.5% cap rate
- Why The property boasts strong national and regional tenants with a six-year WALT
- What next CBRE has the marketing assignment
Bertone Development is looking to sell a mixed-use retail-and-office complex in Saint-Basile-le-Grand, Qué., with pricing guidance set at $17m, Green Street News can reveal.
CBRE is marketing the property, with the valuation translating to a capitalization rate of 6.5%.
On 6 acres at 177, 181 and 183-185 Sir-Wilfrid-Laurier Boulevard, the complex comprises six buildings totaling 43,000 sq ft. It was constructed from 2018 to 2019 and is 88% occupied with a weighted average remaining lease term of six years.
The property has a diverse tenant mix including A&W, Anytime Fitness, Ben & Florentine, Benny and Co., Boulangerie Pains, Chico, Désirs Glacés, Restaurant Amir, Salvatoré, Second Cup Café, Shell, Shop Santé, Thai Express, Voisin and Yuzu Sushi.
A two-story building on site has ground-floor retail and second-floor office space. There are 200 parking stalls.
The property is 7 km from Highway 30 and 24 km from downtown Montréal. It is just over a kilometre from the Saint-Basile-le-Grand EXO train station, at 121 rue de la Gare.
Bertone Development, established in Montréal in 2000, is a family-owned real estate investment and development company with a portfolio of residential, commercial and industrial projects throughout Québec. The firm is developing several major projects in the Greater Montréal Area.
