Halton Hills, Ontario for a total pu...

Halton Hills, Ontario for a total purchase price of $9.8 million.

Posted in the Georgetown Forum

sold

North Bay, Canada

#1 May 22, 2013
ANCOUVER, May 21, 2013 /CNW/- Pure Industrial Real Estate Trust ("PIRET")(TSX: AAR.UN) today announced the successful closing of a single tenant, fully leased industrial property located in Halton Hills, Ontario for a total purchase price of $9.8 million.

The property is located at 11000 Steeles Avenue, Halton Hills, Ontario, has a gross leasable area ("GLA") of 123,750 square feet situated on 13.8 acres of land and is leased to a strong national tenant on a fully net basis. PIRET acquired the property at a going-in capitalization rate of 6.63% and funded the acquisition with equity from the bought deal financing that closed on February 12, 2013.

PIRET's 2013 year-to-date acquisitions are summarized below:





















Property/Portfolio

Municipality
and Province

# of
Properties

GLA





Price
($million)

Going In
Cap Rate

Occupancy

13055 80th Avenue

Surrey, BC

1

38,232



$

4.6

5.97%

100%

18111 Blundell Road

Richmond, BC

1

412,375





44.1

6.21%

100%

Edmonton Portfolio

Edmonton, AB

3

264,941





21.8

6.74%

100%

16111 Blundell Road

Richmond, BC

1

279,742





32.3

6.04%

100%

East-West Portfolio

Various

4

263,896





25.3

8.13%

100%

261106 Wagon Wheel
Crescent

Balzac, AB

1

58,772





8.9

7.07%

100%

GTA/ON Portfolio

Various, ON

59

3,663,221





358.5

6.33%*

93.9%*

11000 Steeles Ave

Halton Hills, ON

1

123,750





9.8

6.63%

100%





71

5,104,929



$

505.3

6.42%

95.6%

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