Industrial REIT Lists Tesla Battery Plant in Markham for Sale

Pure Industrial has listed a 110,000-square-foot industrial facility in Markham that is fully leased to Tesla for battery manufacturing operations. The property has been extensively upgraded with specialized electrical infrastructure capable of delivering 3,000 amps of power to support Tesla's manufacturing requirements. The facility, located in a logistics cluster near major highways and a GO station, sits idle on the market with Colliers handling the sale through a net lease arrangement.

Pure Industrial Real Estate Investment Trust has decided to divest from a Markham manufacturing property currently occupied by Tesla under a long-term net lease arrangement. The 110,000-square-foot facility, constructed in 1998, underwent substantial capital improvements to meet Tesla's operational needs, particularly the installation of high-capacity electrical systems delivering 3,000 amps—far exceeding typical industrial specifications. The property's strategic location provides tenants with proximity to major regional transportation corridors and public transit access.

Colliers International is handling the marketing without a publicly listed asking price. The transaction represents a portfolio adjustment for Pure Industrial, which Blackstone and La Caisse Dépôt et Placement du Québec took private in 2018. Tesla's commitment to the lease, coupled with the customized infrastructure improvements already in place, may enhance the property's appeal to prospective institutional investors seeking long-term, credit-worthy tenancies in the Greater Toronto Area's industrial sector.