Summit Industrial to buy Oakville, Ontario, industrial property
The company will pay C$13.3 million for the 51,490-square-foot asset.
Summit Industrial Income REIT is purchasing a 51,490-square-foot light industrial property in Oakville, Ontario, for C$13.3 million in a deal expected to be completed by January-end.
The Canadian industrial real estate investment trust will fund the transaction with its acquisition credit facility.
The class A property includes 11,654 square feet of office space and covers only 30% of a four-acre site, which ...