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275 Rue Latour 75,594 SF Office Building St-Jérôme, QC J7Z 5H6 $13,500,000 CAD ($178.59 CAD/SF)

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Investment Highlights

Close proximity to downtown, and benefits from easy access to Highway 15 and Route 117, being the main arteries of the Laurentians region.
100% leased with a WALT of over 6.3 years

SQI holds a 15-year lease with a 5-year renewal option.

Executive Summary

Savills is proud to present a unique opportunity to acquire a recently constructed office building that is 100% leased with a WALT of over 6.3 years, located at 275 Latour Street in the City of Saint-Jérôme, approximately 45 minutes away from Montréal.
275 Latour is a LEED-certified office building comprising 71,785 square feet, nearly fully leased (98%) to the Société Québécoise des Infrastructures (SQI), a provincial government entity that has occupied the property since 2017. SQI holds a 15-year lease with a 5-year renewal option. A wealth management firm (Charrette, Chouinard et Associés) completes the building’s tenancy under a lease running through 2039.
Completed in 2017, the five-storey building is located directly across from the Saint-Jérôme intermodal transit station, in close proximity to downtown, and benefits from easy access to Highway 15 and Route 117, being the main arteries of the Laurentians region.
275 Latour represents an excellent opportunity to acquire a high-quality office asset, primarily leased to a government tenant, offering stable and secure long-term income.

275 Latuour St-Jérôme EN Brochure

275 Rue Latour St-Jérôme FR Brochure

Property Facts

Sale Type

Investment NNN

Property Type

Office

Building Size

75,594 SF

Building Class

Year Built

2017

Price

$13,500,000 CAD

Price Per SF

$178.59 CAD

Tenancy

Single

Building Height

5 Stories

Typical Floor Size

15,118 SF

Building FAR

3.44

Lot Size

0.50 AC

Zoning

CU-830 - Residential (H5, H6), Commercial (C1, C2, C3, C7), and Public (P1, P2, P3)

Parking

105 Spaces (1.38 Spaces per 1,000 SF Leased)

LEED Certified

Certified

LEED certification is a globally recognized symbol of sustainability achievement.

LEED Certification Led by the Canada Green Building Council (CAGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)