605 Deslauriers

JLL Capital Markets is pleased to bring to market 605-607 Deslauriers Street, Montréal (Saint-Laurent)

This is a unique opportunity to acquire a fully leased, 43,695 sq ft facility secured with a ±10-year triple-net lease. The property offers stable and predictable cash flow with approximately 3% annual rent escalations. Situated just 850m from the Côte-de-Liesse REM station, investors benefit from future value-add potential through multi-tenant conversion.

Constructed in 1972, this industrial site underwent recent renovations in 2024-2026 maximizing its appeal and functionality. The strategic layout features a span of 24' x 24.9' with a 16' clear height, alongside robust electrical specifications: 347/600 V / 800 Amps, 3-phase system, and wet sprinklers throughout. Shipping and receiving are facilitated by 3 truck-level and 5 drive-in bays, complemented by 42 parking stalls within the expansive 96,884 sq ft land area.

The investment thesis focuses on long-term income stability through a committed tenant, A-1 Cash & Carry, with extensive industry experience. Additionally, future conversion potential into a multi-tenant facility opens avenues for enhanced returns.