3200 Curé-Labelle

JLL’s Capital Markets team is pleased to offer for sale a 100% freehold interest in 3200 Curé-Labelle, a premier, recently constructed medical office building prominently located in Laval, Quebec. This modern investment property offers a unique opportunity to acquire a high-quality, stable asset in a thriving economic hub with excellent visibility and access.

This recently constructed medical office building spans 44,193 SF and stands out as a dominant local medical hub. It is anchored by a synergistic roster of high-quality tenants, such as Clinique Medicale En Route and Proxim pharmacy, ensuring a 97% occupancy with a captive tenant base predominantly from the medical sector. Built in 2013, the property is divided into three floors and offers a 35.9% undivided ownership in a spacious common parking lot, providing ample parking for visitors.

Strategically located on Curé-Labelle Boulevard, a main commercial artery, the property is situated close to major highways 15, 13, and 440, supported by a bustling urban environment teeming with residential, industrial, and commercial amenities. Laval, recognized as Quebec’s third-largest city, offers a diversified economic landscape with projected population growth of 5.0% over five years and an average household income increase of 18%.

With the potential to lease an additional 1,080 SF, 3200 Curé-Labelle provides investors a notable value-add opportunity. The stability of existing cash flows combined with rental growth potential ensures promising prospects for long-term income generation and capital appreciation.