Thor Equities Acquires Industrial Property In Ontario For $16.5M

The industrial property located at 5651 East Francis Street in Ontario has been sold in a recent transaction. The property spans a total square footage of 57,984 and is situated on a lot size of 4.62 acres. The sale price for this transaction amounted to $16,500,000, resulting in a price per square foot of $285. This significant sale highlights the strong demand for industrial properties in the Ontario market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $16,500,000
• Address: 5651 East Francis Street, Ontario
• Market: Ontario
• Square Footage: 57,984
• Lot Size: 4.62 acres
• Price per Square Foot: $285

The buyer in this deal is Thor Equities, represented by Joseph Sitt, Greg Berman, and Brian Hughes-Cromwick. On the other hand, the seller is Bishamon Industries. The transaction was facilitated by the experienced brokers Roy Harel and John Lupfer of Nublock Partners who provided their expertise in successfully closing the deal for both parties involved.

This transaction underscores the value and attractiveness of industrial properties in the Ontario market. With a significant sale price and desirable characteristics such as a large square footage and ample lot size, this property presents a compelling investment opportunity. The involvement of notable individuals such as Joseph Sitt, Greg Berman, Brian Hughes-Cromwick, Roy Harel, and John Lupfer further highlights the significance of this transaction in the industry.