U.S. tariff impacts and market oversupply impeded market performance in Q3
The property also is being marketed as a leasing play
The small-bay buildings were sold by Pure Industrial
The warehouse is 94% leased for another three years
The conference highlighted challenges and opportunities for local industry
The seller is looking to land $495/sq ft
Demand is benefitting from an aging domestic population and supply constraints
Over 8m sq ft of industrial space is lying vacant
No other single-property warehouse sale in the city has crossed $100m this year