- What Triovest is looking to unload a 211,000 sq ft warehouse in Mississauga
- Why The valuation works out to $325/sq ft
- What next The building will be vacant as of March 2026
Triovest is looking to divest a Mississauga industrial building for $68.6m.
The Toronto-based real estate investment company is seeking $325/sq ft for the 211,000 sq ft warehouse at 560 Hensall Circle. Lennard Commercial Realty brokerage is handling the marketing for the property.
Built in 1999, the property sits on 8 acres. It has 10 shipping doors – eight at truck level, one with drive-in access and an additional door for large equipment – with enough available space to expand to 18. The building has a 26 foot clear height.
The building, which serves as a community skatepark, will be delivered vacant as of next March. Around 38,000 sq ft – 18% of the building – is office space. The remaining 173,000 sq ft is warehouse space.
560 Hensall is within a bustling commercial area along Dundas Street, a major transportation corridor. The building is 1.5 km from the nearest entrance to the Queen Elizabeth Way highway, via Cawthra Road. Toronto Pearson International Airport is 11 km away.
Triovest acquired the property for $53m, or $251/sq ft, in 2022, according to Green Street’s Sales Comps database.
Earlier this month, Green Street News reported that Colliers was in talks to acquire Triovest. That deal has since been confirmed.
