Prime Holdings, a division of CORE Realty Partners, recently acquired two buildings in a commercial office condominium complex at 5045 Orbitor Drive in Mississauga, ON for $8 million.
Located in Mississauga’s desirable airport conference district, the acquisition is the first of many planned for Prime Holdings. The property is professionally managed and fully leased, with an 18-month rental guarantee. Moreover, we believe net operating income can be improved while keeping in line with market rents.
The property will also be home to CORE’s new corporate headquarters; we plan to move in September 2020.
Prime Holdings is in the process of finalizing legal and regulatory documents to make this opportunity available to interested investors under our balanced B Series investments.