Pure Industrial Lists Tesla-Leased +5-Acre Markham Facility

Just a few weeks after a facility fully leased to TELUS was listed for sale, another facility fully leased to Tesla has now also hit the GTA industrial market, according to a new listing that recently came online.

The property is located at 95 Clegg Road in Markham, which has access to Highway 7 towards the north, Highway 404 towards the west, and Highway 407 towards the south, providing access to other parts of the Greater Toronto Area.

Nearby amenities also include Downtown Markham, the Unionville GO Station, and the CF Markville shopping centre.

95 Clegg Road is owned by Pure Industrial — the REIT that was taken private in 2018 by American investment firm Blackstone and Quebec pension fund Caisse de dépôt et placement du Québec (now known as La Caisse) — through PIRET (95 Clegg Road) Holdings Inc.

Originally constructed in 1998 with durable precast concrete walls, the building sits on a 5.33-acre parcel of land, spans 110,236 sq. ft, and is equipped with six dock-level loading doors, as well as 112 parking spaces.

The facility is 100% leased to Tesla, the electric vehicle company led by Elon Musk, which uses it as a battery manufacturing facility. According to the listing team, Tesla’s lease has a net lease structure with annual escalations and strong renewal probability given Tesla has invested in the facility.

95 Clegg Road in Markham, Ontario. (Colliers)

The Listing

95 Clegg Road was listed for sale earlier this month by Max Brenzel, Victor Cotic, Gord Cook, and Farabe Wahab of Colliers on an unpriced basis.

Address: 95 Clegg Road, Markham
Year Built: 1998
Site Area: 5.33 acres
Gross Leasable Area: 110,236 sq. ft
Current Occupancy Rate: 100%
Price: Unpriced
Listed By: Colliers (Max Brenzel, Victor Cotic, Gord Cook, and Farabe Wahab)

“Tesla has invested significant capital into the facility, including substantial electrical and mechanical infrastructure (including a power upgrade to 3000 Amps), warehouse racking systems, security and technology enhancements, employee amenities, and other operational improvements that have enhanced the functionality and efficiency of the Property,” said Colliers in its sales brochure.

95 Clegg Road (centre) in Markham, Ontario. (Colliers)

“Tesla’s considerable investment in the facility demonstrates a strong commitment to the location supporting near-term tenancy stability, while the quality of the improvements enhances the overall appeal and utility of the facility for both current and future users,” they added. “Investors are afforded the opportunity to acquire a premier institutional-quality industrial asset generating stable cash flow with compelling long-term renewal prospects.”

Colliers also calls the area the property is located in “one of Markham’s most established and sought-after industrial corridors, a market highly regarded by both occupiers and investors due to its exceptional connectivity, strong labour pool, and proximity to key amenities.”

Colliers also calls Markham one of the strongest-performing industrial submarkets in the GTA, with strong tenant demand, premium rental rates, and limited availability.

“This combination of accessibility, market fundamentals, and surrounding amenities positions 95 Clegg Road as a highly desirable industrial location within the GTA.”

Industrial

Pure Industrial Lists 5.33-Acre Markham Industrial Facility Fully Leased To Tesla

​The property is located at 95 Clegg Road in Markham, Ontario, and is home to 110,236 sq. ft that is 100% leased to Tesla.

The Listing

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The property is located at 95 Clegg Road in Markham, Ontario, and is home to 110,236 sq. ft that is 100% leased to Tesla.

Four Southern Alberta master-planned communities. One builder with a vision for how neighbourhoods should actually feel.

The city needs 50% more housing starts a year to restore affordability over the next decade, and CMHC's new national report shows ownership construction stalling in Vancouver, too.

“The general tone of Canada’s market will still be soft with our resales projections far below levels before the pandemic and home values just a smidgeon above the cyclical low,” said RBC.

August’s resale prices show the distance between housing types, and the competition a new project faces from homes buyers can purchase today.

The 18-hole Delta Golf & Country Club at 11550 Ladner Truck Road in Delta was placed under receivership on December 15, 2025.

"Governments deserve credit for the progress already made. But housing affordability will not be restored through half-measures or temporary programs."

The site is 5680 Oak Street at the intersection with W 41st Avenue, and is adjacent to Grosvenor’s Mayfair West project, two blocks away from Oakridge Park.

"If you've been sitting on a lease expiry hoping for one more quarter of softening before you commit, here's the uncomfortable part: the conditions that produced two years of tenant leverage are unwinding, and Peel is leading that shift, rather than lagging it."

Of those units, 125 will have three bedrooms and 58 will have two — a split designed for families, rather than the studio- and one-bedroom-heavy stock that typically defines new rental supply.

The ReStays and ReResidences at 101 Queen St. and 108-116 Sparks St. in Ottawa was developed by Ashcroft Homes and was placed under receivership last year.