FOR SALE
Flex industrial property for sale in Montréal-East
299-399 Marien Avenue
Property
- Name of property 299-399 Marien Avenue, Montréal-East
- Building size 190,575 sf
- Occupancy 90%
- Clear heights 14' to 20'
- Shipping 5 truck-level doors & 6 drive-in doors
Executive summary
Avison Young (the “Advisor”) is pleased to present for sale a 100% freehold interest in a unique industrial flex Property located at 299-399 Marien Avenue in the developing Montréal-East neighborhood on the island of Montréal (the “Property”).
Spanning 190,575 square feet, the Property offers a compelling investment opportunity with a diverse tenant base that ensures stable cash flow, a 3.7-year WALT, and significant value-add potential.
The Property benefits from strong municipal support for growth and its strategic proximity to key transit infrastructure, positioning it for long-term value appreciation.
Highlights
299-399 Marien offers 190,575 square feet of space, covering 69.4% of a 219,409-square-foot lot. The building features ceiling heights ranging from 14 to 20 feet and is equipped with five truck-level doors, six drive-in doors, a conveyor belt and one freight elevator, ensuring efficient access for loading and unloading. With a versatile mix of manufacturing, warehouse, commercial, and retail spaces, the Property is well-suited for businesses requiring both industrial and logistical support.
The Property provides a stable cash flow opportunity, supported by a diverse tenant base of 35 tenants, with an average tenancy of 3.4 years.
The Property features a 90% occupancy with 10% below-market rents and room for growth through lease renewals, providing an attractive value-add investment opportunity in a rapidly growing area.
Location
Montréal-East offers a strategic location near major highways (A25, A40) and the Port of Montréal, providing easy access to key logistics hubs and both North and South shores. The area boasts affordable industrial real estate, a skilled workforce, and strong municipal support for business expansion. With the Vision-2050 plan driving sustainable growth, the city is set for transformation. The upcoming REM will enhance connectivity, and with 23 million square feet of brownfield available for redevelopment, Montréal-East presents significant investment opportunities.
Team
Associé, Vice-président exécutif, Marchés des capitaux, Courtier immobilier
Principal, Executive Vice President, Capital Markets, Real Estate Broker
+1 514 583 2146
Vice-président exécutif, Marchés des Capitaux, Courtier immobilier commercial
Principal, Executive Vice President, Capital Markets, Commercial Real Estate Broker
+1 514 715 2562
Vice-présidente associée, Marchés des capitaux, Courtier immobilier commercial
Associate Vice President, Capital Markets, Commercial Real Estate Broker
+1 514 927 9220