Margaux REIT buys Saint-Basile-le-Grand self-storage property for $12.5 million

Reuters2026/08/04 21:57

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Margaux Real Estate Investment Trust acquired a self-storage property in Saint-Basile-le-Grand, Quebec for $12.5 million.
Vendor accepted 384,616 Margaux units at $1.3 per unit, valued at $500,000, as partial consideration.
Asset includes a 76,000-square-foot, two-storey building on about 145,000 square feet of land, currently 100% occupied.
Vendor-reported annualized revenue totals $1.05 million; net operating income totals $750,000.
Independent appraisal valued the property at $14 million; financing came from a Canadian chartered bank and another financial institution.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Margaux Real Estate Investment Trust published the original content used to generate this news brief via Newsfile (Ref. ID: 202608041655NEWSFILECNPR____20260804_308029_1) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Margaux REIT buys Saint-Basile-le-Grand self-storage property for $12.5 million

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