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Highlights

  • Margaux acquired a Saint-Hyacinthe self-storage property for CAD 4,675,000, paid entirely in cash.
  • The facility generates approximately CAD 420,000 in annual revenues and CAD 300,000 in net operating income.
  • The acquisition supports Margaux’s expansion in Montérégie, adding to existing Quebec self-storage assets

Margaux Real Estate Investment Trust (TSXV:ALFA.UN) has completed the acquisition of a fully operational self-storage facility located on Boulevard Laurier West in Saint-Hyacinthe, Quebec. The transaction closed this week at a purchase price of CAD 4,675,000, fully paid in cash, as previously disclosed on June 6, 2025. The acquired property covers a 120,000 square foot parcel and includes two commercial buildings totaling around 30,000 square feet. These buildings house 163 climate-controlled self-storage units. According to vendor disclosures, the site generates approximately CAD 420,000 in annualized revenues. The estimated net operating income exceeds CAD 300,000, representing a capitalization rate of approximately 6.4%.

Margaux REIT is a Quebec-based real estate investment trust focused on acquiring and operating self-storage assets across the province. The Trust currently owns facilities in Drummondville, Roxton Pond, and Cowansville. The seller, Placements San Inc., is an unrelated third party. The deal was facilitated by KW Urbain, which served as the intermediary. Wassim Labateya, an officer of Margaux and a licensed broker affiliated with KW Urbain, led the transaction. He is entitled to a 1% commission on the sale price, paid by the seller, and holds a non-controlling minority interest in KW Urbain.

Management described the acquisition as consistent with the Trust’s focus on acquiring cash-generative, operational self-storage assets. The property is expected to immediately contribute to Margaux’s income stream. According to Margaux, the acquisition also represents its first entry into the Saint-Hyacinthe market, furthering its expansion strategy within the Montérégie region. The company views this region as a priority for future asset growth. The facility's existing performance and climate-controlled infrastructure align with Margaux’s strategy to build a portfolio of stabilized, income-producing properties in Quebec's secondary markets. Planning for additional acquisitions remains underway.