Description

JLL as advisors are pleased to present 4005 De Richelieu Street, Saint-Henri, Montreal. This central Montreal multi-level industrial property offers an unparalleled investment opportunity with a compelling flex conversion potential.

This exceptional freehold investment features ±124,000 SF of versatile industrial space nestled in the burgeoning Saint-Henri neighborhood. The property boasts a rare ±23,000 SF warehouse with impressive 28-foot clear heights, complemented by a six-story main building and a two-story ancillary structure, ensuring structural flexibility for diverse uses from light manufacturing to modern loft offices. With 4 loading docks, a freight elevator, and zoning for storage, the property is a strategic asset in a highly accessible submarket. Additionally, its integration with an existing rooftop billboard generates a steady supplementary income stream.

4005 De Richelieu is strategically positioned just 550 meters from the St-Henri Metro station and minutes from downtown Montreal, facilitating unparalleled access to the city’s business district. Saint-Henri's gentrifying area is further enhanced by nearby walkable amenities, boasting a Walk Score of 90, and proximity to the historic Lachine Canal.

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Attributes

Building area net

11,520 sm

Land area gross

6,508 sm

Clear height

8.53 m

Occupancy

100%

Year built

1986

Loading docks

Media

Investment highlights

124,000 SF multi-level industrial property in central Montreal.
Rare 23,000 SF warehouse with 28-foot clear height, boosting flexibility.
Located 550 meters from St-Henri Metro, ideal urban connectivity.
Rooftop billboard provides additional revenue stream with 4.5 years lease.
Ample demand growth for self-storage due to rising urban density.
Zoning flexibility allows future residential conversion potential.
Proximity to Westmount and Glen expands strategic appeal.
Benefit from Montreal's urban revitalization, enhancing asset's long-term value.