A newly-constructed “best-in-class” industrial property in Mississauga has hit the market, according to a listing that came online earlier this month.
Owned by CanFirst Capital Management, the property is located at 6525 Mississauga Road on the northeast corner of the intersection with Turner Valley Road in the Meadowvale area of Mississauga.
Directly to the north are two warehouses that are both home to Walmart Canada, and across the street to the west is the five-building Meadowvale Corporate Centre that transacted in late-2024, as previously reported by STOREYS.
6525 Mississauga Road is a 14.08-acre property, home to a warehouse and distribution facility that was constructed in 2024 and spans 270,738 sq. ft. According to CanFirst, concrete from the previous building was demolished on site and re-used beneath the slab of the new building, and 30% of the materials used met sustainable sourcing criteria.
The facility is 100% leased to telecommunications giant TELUS (TSX: T) with approximately 10.5 years remaining on the lease term. The lease features contractual annual rent escalations, with two five-year renewal options at fair market rent, providing stable cash flows and an investment-grade tenant.
6525 Mississauga Road and its surrounding context. (RBC Capital Markets & CBRE)
The Listing
6525 Mississauga Road was listed for sale earlier this month on an unpriced basis by David Tweedie, Tim Pacaud, and Keith Chan of RBC Capital Markets Realty, alongside Scott Mackenzie, Jordan Lunan, and Brett Thorne of CBRE.
- Address: 6525 Mississauga Road, Mississauga, Ontario
- Year Built: 2024
- Site Area: 14.08 acres
- Existing Leasable Area: 270,738 sq. ft
- Current Occupancy Rate: 100%
- Price: Unpriced
- Listed By: RBC Capital Markets Realty (David Tweedie, Tim Pacaud, and Keith Chan) and CBRE (Scott Mackenzie, Jordan Lunan, and Brett Thorne)
“The Property was developed to the highest institutional specifications, featuring ceiling height of 40’ clear, 42 truck-level doors and 2 drive-in doors (shipping ratio of 1 door per 6,153 sf), a 60' concrete apron, 226 car parking stalls (including 12 EV charging stations), 37 trailer stalls, 1,600-amp / 3-phase power, and LEED Gold certified and Zero Carbon Ready specifications,” the listing brochure notes.
Property details for 6525 Mississauga Road. (RBC Capital Markets & CBRE)
“Built to the highest standard, the Property has achieved LEED v4 BD+C Core and Shell Gold certification (CAGBC, August 2025), featuring an R-40 roof, R-24 insulated metal panel walls, R-16 insulated overhead doors, destratification fans, and a reinforced roof structure to accommodate future solar installation, positioning the asset to meet the requirements of ESG-focused institutional capital and tenants alike.”
From a location standpoint, the property is also just one-kilometre south of the Highway 401 interchange, with good proximity to two GO transit stations — Meadowville GO and Lisgar GO — as well as Toronto Pearson International Airport.
According to RBC and CBRE, Mississauga’s availability rate for Class A industrial space was at 0.7% as of Q2 2026, with average net asking rents in the area commanding a premium over the Greater Toronto Area, resulting in a favourable outlook for well-located and high-quality assets.
“The offering presents investors with a rare opportunity to acquire a newly constructed, 100% leased institutional-quality industrial asset, combining long-term carefree net lease cash flow with contractual rent growth secured by one of Canada’s most creditworthy corporate tenants, in the GTA’s premier industrial corridor.”
