North York Warehouse & Office Campus
A logistics company consolidated three leased locations into a single owned campus, saving $2.1M annually.
$67M
Deal Value
210,000 SF
Square Footage
The Asset
- Address: North York, Ontario
- Size: 210,000 sq. ft. warehouse & office campus
- Land: Large urban industrial site
- Price: $67,000,000
An off-market decommissioned campus identified through direct owner outreach.
The Challenge
A growing logistics company needed to consolidate three leased locations into a single owned campus. Budget was fixed and competition for industrial assets in North York was intense.
The Solution
Michael identified a decommissioned campus through a direct owner outreach campaign and structured a sale-leaseback of the office component to reduce the net acquisition cost significantly.
Results at a Glance
Location
North York, Ontario
Size
210,000 sq. ft.
Sale Price
$67,000,000
Blended Cost
$319/SF after leaseback
Locations Merged
3 into 1
Annual Savings
$2.1M
"Three locations, one campus — $2.1M in annual occupancy savings."
Work with Michael Law
Ready to achieve results like these? Book a consultation to discuss your industrial real estate objectives.