Map pinVarious locations

Kastello Life Science Portfolio

Kastello Life Science Portfolio_Property for Sale

Attributes

Building area gross
12,226 m²
Land area gross
19,500.53 m²
Occupancy
96%
WAULT
10.5 years

Portfolio description

JLL’s Capital Markets Team is pleased to offer for sale a 100% freehold interest in the HarveyCorp Life Science Portfolio, a set of two best-in-class life science properties, ideally located within an existing life science node in the city Ville-Saint-Laurent (VSL) as well as in the city of Lévis which is experiencing significant demographic growth.

The Portfolio includes highly captive and vested, strong covenant tenants, with a WALT of 10.5 years. The tenant mix is primarily comprised of Contract Research Organisations (CRO) which have transformed their spaces into highly specialized laboratories which are not dependent on venture capital.


The property 4800 Dobrin, is in the heart of Ville-St-Laurent, Montreal’s most prosperous and sought-after borough, located within an established life-science node: Nexus 40-13 parc. Surrounded by a diversified amenity base, the Nexus parc is home to several corporate and life science compagnies such as Intellisyn, BridgeBio, McKesson, Paraza, Nuchem, Dynacare, Thales and others.


Located in Lévis, 480 Perreault is just south of Quebec City, and is fully leased to Omegachem, a CRO, with a remaining lease term of 12 years. The property also includes an additional parcel of land slated for future expansion and development which is currently in discussion with the tenant experiencing high growth.


The Portfolio represents a rare opportunity of scale to acquire two well leased life science

properties in great sub-markets, below replacement cost.

...

Investment Highlights

Life sciences CRO tenants with a 10.5 years WALT

Highly captive tenants with high covenant

Below market rents with significant upside

High quality flex chemistry laboratory properties

Located within ideal submarkets and existing life sciences node

Strong long-term fundamentals

Talented workforce and competitive costs

Kastello Life Science Portfolio 4_Property for Sale
Kastello Life Science Portfolio (2 Properties)
Kastello Life Science Portfolio (2 Properties)

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
15 Apr 2024