401 Corridor Industrial Park — 6 Units
Six strata industrial units sold as a value-add portfolio to a cross-border institutional buyer.
$198M
Deal Value
850,000 SF
Square Footage
The Asset
- Address: 401 Corridor, Ontario
- Size: 850,000 sq. ft. strata park — 6 units
- Land: Multiple parcels along Highway 401
- Price: $198,000,000
Selling as a portfolio vs. individual strata required careful pricing and positioning.
The Challenge
A developer needed to exit a strata industrial park with 6 units at various stages of lease-up. Portfolio vs. individual pricing was a critical structural decision.
The Solution
Michael packaged the asset as a value-add portfolio with a detailed leasing proforma and targeted cross-border institutional buyers, negotiating a portfolio premium vs. sum-of-parts pricing.
Results at a Glance
Location
401 Corridor, Ontario
Portfolio Size
850,000 sq. ft.
Units
6
Sale Price
$198,000,000
Going-in Yield
3.9%
Deposit
$15M in escrow
"Sold to a US-based industrial REIT at a 3.9% yield with $15M deposit secured."
Work with Michael Law
Ready to achieve results like these? Book a consultation to discuss your industrial real estate objectives.