trending Market Intelligence /marketintelligence/en/news-insights/trending/wCbxpaXmisn3mQGiNZM3tA2 content esgSubNav
In This List

Summit Industrial to buy Oakville, Ontario, industrial property

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Infographic: The Big Picture 2024 – Energy Transition Outlook

Summit Industrial to buy Oakville, Ontario, industrial property

Summit Industrial Income REIT is purchasing a 51,490-square-foot light industrial property in Oakville, Ontario, for C$13.3 million in a deal expected to be completed by January-end.

The Canadian industrial real estate investment trust will fund the transaction with its acquisition credit facility.

The class A property includes 11,654 square feet of office space and covers only 30% of a four-acre site, which allows for outside storage and future development.

The property is occupied under a 10-year lease by a light industrial tenant, which has an option to expand the leased space by roughly 45,000 square feet.