New Industrial Property Hits Market in Mississauga, Fully Leased to TELUS

📅 4 days ago

A newly constructed industrial facility in Mississauga, boasting sustainable features and a long-term lease with TELUS, is now available for sale.

A newly constructed industrial property, touted as 'best-in-class,' has been listed for sale in Mississauga, Ontario, by CanFirst Capital Management. The property, located at 6525 Mississauga Road, occupies a prime 14.08-acre site at the intersection of Mississauga Road and Turner Valley Road in the Meadowvale area. This strategic location is in proximity to two warehouses occupied by Walmart Canada to the north and the Meadowvale Corporate Centre, which consists of five buildings across the street to the west. This centre had previously transacted in late 2024, as reported by STOREYS.
The industrial facility, spanning 270,738 square feet, was completed in 2024 and is currently fully leased to TELUS, a major telecommunications corporation. According to CanFirst, the construction process was environmentally conscious, incorporating concrete from the demolished previous structure, which was reused beneath the new slab. Additionally, 30% of the materials used in the construction met sustainable sourcing criteria, aligning with modern green building practices.
The lease agreement with TELUS is notable, featuring approximately 10.5 years remaining on the term, along with annual rent escalations and two five-year renewal options at fair market rates. This setup provides stable cash flow and the assurance of an investment-grade tenant.
The listing for 6525 Mississauga Road, which came online earlier this month, is being handled by a team of experts from RBC Capital Markets Realty and CBRE. David Tweedie, Tim Pacaud, and Keith Chan from RBC, together with Scott Mackenzie, Jordan Lunan, and Brett Thorne from CBRE, are responsible for the sale process.
The property is designed to meet the highest institutional specifications, featuring a clear ceiling height of 40 feet, 42 truck-level doors, and two drive-in doors, which translates to a shipping ratio of one door for every 6,153 square feet. Additional features include a 60-foot concrete apron, 226 car parking stalls (including 12 equipped with EV charging stations), 37 trailer stalls, and a robust 1,600-amp/3-phase power supply.
The facility has achieved multiple sustainability certifications, including LEED v4 BD+C Core and Shell Gold certification, expected in August 2025. Its construction features an R-40 insulated roof, R-24 insulated metal panel walls, and R-16 insulated overhead doors, alongside destratification fans and a reinforced roof structure ready for future solar panel installation. These attributes position the property to attract ESG-focused institutional investments.
From a logistical standpoint, the site is conveniently located just one kilometer south of the Highway 401 interchange, with easy access to two GO transit stations—Meadowville GO and Lisgar GO—as well as Toronto Pearson International Airport. The demand for Class A industrial space in Mississauga is significant; as of Q2 2026, the availability rate stood at a mere 0.7%, with average net asking rents exceeding those in the Greater Toronto Area.
RBC and CBRE assert that this offering presents a unique opportunity for investors to acquire a newly constructed, fully leased institutional-quality industrial asset, combining long-term, hassle-free net lease cash flow with contractual rent growth, all secured by one of Canada’s most reputable corporate tenants in a leading industrial corridor of the Greater Toronto Area.

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