# Lucero Commercial Group Full site content dump for AI crawlers. Plain text, sectioned by content type. Site URL: https://www.lucerocommercial.com Generated: 2026-07-22T08:00:06.569Z ===================================================== ## PRACTICE PHILOSOPHY Lucero Commercial Group is a boutique commercial real estate practice for institutional capital across Canadian industrial, healthcare, data center, and specialty infrastructure mandates. The largest commercial real estate firms staff every team for every mandate. The advantage is breadth. The cost is that no one in the room has spent a decade modelling cold-chain rents in Brampton, pricing brownfield risk across Hamilton's steel corridor, or underwriting a hyperscale data center against Alberta's wholesale power curve. Lucero is built differently. We work fewer mandates, with smaller teams, in the specialties where the asset class actually matters. Our clients are institutional capital, family offices, and long-hold buyers who treat real estate as a long-duration asset class — and who want the broker on the call to be the same person who built the financial model. Boutique is not a marketing word. It is a structural decision about how we deploy attention. Geographic focus: Ontario and Alberta. Specialty verticals: Industrial & Advanced Manufacturing, Healthcare Real Estate, Data Centers & AI Infrastructure, Cold Chain & Food Infrastructure, Brownfield & Remediation, Seniors Housing & Long-Term Care, Energy Infrastructure, Aerospace & MRO. ===================================================== ## BROKERS ### Mya Qi — Founder · Managing Principal URL: https://www.lucerocommercial.com/about/team/mya-qi Email: info@lucerocommercial.com Specialties: Healthcare Real Estate, Data Centers, Industrial, Brownfield Mya Qi is the Founder and Managing Principal of Lucero Commercial Group, a boutique commercial real estate practice she built on the institutional standards she learned at the top of the industry. She began her career at CBRE in 2011, spending six years in critical facilities and corporate services, evaluating revenue-generating accounts and supporting the firm's global corporate services line for major institutional clients. From there she moved upstream into development, serving as VP of Business Development at a Toronto development firm and working the full real estate lifecycle: land sourcing, pre-acquisition market research, proforma and Class D cost analysis, planning and design, preconstruction sales, and construction management. She reads a site the way a developer does, fluent in the zoning bylaws, official plans, provincial growth-plan constraints, and highest-and-best-use analysis that determine whether raw land actually works. She brings that full-lifecycle perspective to her brokerage practice, where she has closed over $54 million across sales and leasing and maintains an active pipeline representing developers, capital groups, and a growing roster of healthcare, retail, and recreational operators. Recent work includes serving as listing broker on an industrial development in the Greater Golden Horseshoe (GGH) North corridor and as acquisition advisor on a development land assignment in GTA East. Mya holds a Master of Public Health from the University of Toronto and a Bachelor of Science in Biological Sciences from the University of Alberta, a research-driven foundation she draws on directly when advising clients on healthcare and life sciences real estate. Dually licensed in Ontario and Alberta and fluent in English and Mandarin, she works with domestic and international clients across both provinces. --- ===================================================== ## ACTIVE MANDATES ### Preconstruction Healthcare and Medical Condo Units for Sale in Simcoe County URL: https://www.lucerocommercial.com/listings/healthcare-medical-condo-units-for-sale-simcoe-county Type: healthcare Transaction: for sale Location: 337 O'Donnell Court, Ramara Submarket: GGH North Specialty: healthcare re Asking Price: $330 Highlights: - Limited time county and municipal development charge waivers - 100% LTV or higher financing available for medical practitioners The healthcare asset class in Ramara, Simcoe County, is represented by a preconstruction development of medical condo units. This project comprises units starting from 4000 square feet. The development is positioned along Highway 12, a primary arterial route with a VPD of over 25,000 connecting to nearby population centers, including Lagoon City, Beaverton, Orillia and Barrie. The location benefits from proximity to a growing residential base and limited existing healthcare infrastructure, supporting the thesis that demand for healthcare services in the region will continue to escalate. With a projected completion date of less than 12 months from APS execution, the development is poised to capitalize on this trend. The condo unit structure allows for individual ownership, providing an opportunity for healthcare practitioners and investors to secure a long-term position in the local market. From a capital strategy perspective, the preconstruction phase presents an opportunity for investors to acquire units at a much lower cost basis compared to GTA counterparts, with potential for appreciation in value upon project completion and stabilization. --- ### Preconstruction Sports Domes for Lease in Etobicoke URL: https://www.lucerocommercial.com/listings/toronto-recreational-22400sqft Type: special purpose Transaction: for lease Location: Etobicoke, Toronto Submarket: GTA West Highlights: - 70′ × 160′ Spacious Footprint - 18′ – 28′ High Ceilings - Parking & EV Charging - Positioned in Etobicoke just minutes from Hwy 401 & Hwy 27 - 5 to 10 Year Leases Sports facilities in Etobicoke, a western suburb of Toronto, are being developed as preconstruction sports domes for lease. The properties comprise 22,400 square feet of indoor recreational space, with up to 28-foot clear ceiling heights and concrete flooring to accommodate a range of sporting activities, ideally for padel, badminton and pickleball. Situated near the intersection of Highway 427 and Eglinton Avenue West, the domes benefit from proximity to Toronto's downtown core and accessibility via major transportation routes. The location also draws from a large and diverse population base, with over 620,000 residents within a 10-kilometer radius. The preconstruction phase allows for customized lease arrangements, enabling investors to tailor their capital strategy to specific tenant requirements. --- ### Simcoe County EV Charging Station URL: https://www.lucerocommercial.com/listings/simcoe-county-ev-charging-station Type: special purpose Transaction: for sale Location: Hwy 12 & County Road 47, Ramara, Ontario Submarket: GGH North Specialty: energy infrastructure Asking Price: $6,000,000 Cap Rate: 4.99% The special purpose property located in Ramara, Simcoe County, is an electric vehicle charging station, situated on a 0.75-acre site. The facility comprises 2,500 square feet of building area, housing the necessary electrical infrastructure to support 10 charging bays, with a total capacity of 200 kilowatts. The site is strategically positioned near the intersection of Highway 12 and Highway 169, providing easy access to the regional transportation network. The surrounding area is characterized by a mix of industrial, commercial, and residential uses, with a growing population and increasing demand for electric vehicle charging infrastructure. From an institutional investment perspective, this asset offers a unique opportunity to participate in the rapidly expanding electric vehicle sector, with a stable cash flow profile underpinned by long-term contracts with major charging network operators. With a total investment value of $1.2 million, this property is positioned as a niche addition to a diversified portfolio, with potential for long-term capital appreciation driven by the ongoing shift towards sustainable transportation solutions. --- ===================================================== ## BUYER MANDATES ### National Nonprofit Organization Seeking Worship Space in London URL: https://www.lucerocommercial.com/mandates/nonprofit-place-of-worship-acquisition-london-ontario Buyer type: institutional Property type: special purpose Geography: London, Ontario Size: Open Budget: On request Broker: Mya Qi A national nonprofit organization is seeking to acquire a worship space in London, Ontario. The buyer is an institutional entity with a long-term investment horizon, looking to secure a special purpose property that meets their specific needs. The property type of interest is a worship facility, which may include churches, temples, or other places of religious assembly. The geographic constraint for this acquisition is limited to London, Ontario, with a focus on areas that are easily accessible by public transportation and offer ample parking. The ideal property will have a minimum of 4,000 square feet of gross saleable area. The acquisition timeline for this mandate is 12 to 18 months, with the buyer looking to complete due diligence and close the transaction within 6 months of identifying a suitable property. The buyer is working with a team of advisors to identify and evaluate potential opportunities, and is considering both on-market and off-market transactions. A property that meets the buyer's criteria and is available for purchase within the specified timeframe will be given serious consideration. --- ### Private Capital Seeking Self Storage Facilities in Ontario URL: https://www.lucerocommercial.com/mandates/private-capital-seeking-self-storage-facilities-ontario Buyer type: private capital Property type: special purpose Geography: Greater Golden Horseshoe Area Size: Open Budget: up to $10,000,000 Timing: Close in 60-90 days Broker: Mya Qi Highlights: - No financing required - Will move quickly on the right asset The buyer is seeking to acquire self storage facilities in the Greater Golden Horseshoe Area of Ontario. The properties of interest are self storage facilities that are fully operational and have a proven track record of generating stable cash flows. The ideal properties will have a minimum of 20,000 square feet of rentable space. In terms of location, properties must be situated within the Greater Golden Horseshoe Area, with a focus on urban and suburban areas with high population densities. The budget is $10 million per facility, with the ability to acquire a portfolio of facilities. The buyer is a seasoned investment fund in the Canadian industrial real estate market and is looking to expand its portfolio of self storage facilities. The buyer is looking to work with property owners who have high-quality self storage facilities that meet their investment criteria and can provide a smooth and efficient transaction process. --- ### Canadian Data Centre Development Land URL: https://www.lucerocommercial.com/mandates/canadian-data-centre-development-land Buyer type: family office Property type: data center Specialty: data centers ai Geography: Ontario and Alberta — primary focus on power-rich submarkets within reasonable rail and fibre distance of Tier 1 backbones. GTA West, Niagara, Calgary East, and Edmonton industrial corridors prioritized. Open to other Canadian markets for sites with secured utility capacity. Size: Open Budget: On request Broker: Mya Qi Highlights: - Will move quickly on the right asset Major investment capital seeking development sites for data centre campuses across Ontario and Alberta. Power-secured parcels with access to 50MW+ utility capacity are preferred. Fibre connectivity to Tier 1 backbone, long-term water rights, and zoning compatible with industrial/utility uses required. Will consider greenfield, well-located brownfield, and adaptive reuse opportunities. Close on terms aligned with utility build-out timelines. --- ===================================================== ## ARTICLES & INSIGHTS ### Q3 2026 Healthcare Properties Outlook GTA URL: https://www.lucerocommercial.com/insights/q3-2026-healthcare-properties-outlook-gta Category: Healthcare Author: Mya Qi Published: 2026-06-26 Excerpt: The Greater Toronto Area's healthcare property market has witnessed a notable increase in transaction activity, with 27 properties trading hands in the first half of 2026, representing a total value of approximately $543 million. Body: The Greater Toronto Area's healthcare property market has witnessed a notable increase in transaction activity, with 27 properties trading hands in the first half of 2026, representing a total value of approximately $543 million. This surge in activity is largely attributed to the growing demand for specialized healthcare facilities, such as ambulatory surgery centers and medical office buildings. As a result, investors are taking a closer look at the sector, driven by the potential for stable cash flows and long-term growth. The GTA's aging population and rising healthcare needs are also contributing factors, with the region's population projected to increase by 12.5% over the next five years. With 3.4 million square feet of healthcare-related space currently under development, the market is poised to undergo significant changes in the coming quarters. The Q3 2026 outlook will be shaped by these trends, as well as shifting regulatory requirements and emerging technological advancements in healthcare delivery. --- ### Q3 industrial outlook — GTA West URL: https://www.lucerocommercial.com/insights/q3-industrial-outlook-gta-west Category: Industrial Author: Mya Qi Published: 2026-05-15 Tags: gta, industrial Excerpt: The Greater Toronto Area West industrial market currently comprises approximately 144 million square feet of inventory, with 3.4 million square feet of new supply under construction as of the end of Q2. Body: The Greater Toronto Area West industrial market currently comprises approximately 144 million square feet of inventory, with 3.4 million square feet of new supply under construction as of the end of Q2. This development activity is largely concentrated in the Mississauga and Brampton areas, where land availability and transportation infrastructure are relatively more favorable. The Q2 vacancy rate in GTA West stood at 1.8%, a 30 basis point decline from the previous quarter, reflecting sustained demand for industrial space from a range of users, including logistics and e-commerce operators, as well as manufacturing and distribution companies. Average net rental rates have increased to $14.42 per square foot, a 6.5% rise over the same period last year, driven by tightening market conditions and upward pressure on land and construction costs. As the market heads into the third quarter, attention will be focused on the potential for further vacancy compression and rental rate growth. --- ### 2026 Data Centre Outlook Alberta URL: https://www.lucerocommercial.com/insights/2026-data-centre-outlook-alberta Category: Data Centers Author: Mya Qi Published: 2026-03-02 Tags: data centers alberta Excerpt: Alberta's data centre market is characterized by a significant concentration of facilities in the Calgary and Edmonton areas, with 34 operational data centres across these two cities as of December 2025. Body: Alberta's data centre market is characterized by a significant concentration of facilities in the Calgary and Edmonton areas, with 34 operational data centres across these two cities as of December 2025. The majority of these facilities are purpose-built, with an average size of 12,900 square feet and a total power capacity of 137 megawatts. Notably, 62% of Alberta's data centre inventory is owned and operated by domestic companies, while international players account for the remaining 38%. The market's growth has been driven largely by demand from the oil and gas, finance, and government sectors, which require secure and reliable data storage and processing capabilities. In terms of connectivity, Alberta's data centres are supported by a network of fibre optic cables and major internet exchange points, including the Calgary Internet Exchange and the Edmonton Internet Exchange. With a total of 542,000 square feet of data centre space currently under development, the market is poised for further expansion in 2026. --- ===================================================== ## MARKET REPORTS ### Q2 2026 Canada Data Centre Report URL: https://www.lucerocommercial.com/insights/reports/q2-2026-canada-data-centre-report Period: Q2 2026 Gated: Yes (full content requires contact form) Published: 2026-07-17 Summary: Built data centre space in Canada is effectively full, and the story has moved from occupancy to power. Operating stock in this quarter's data is functionally fully leased, while a pre-construction pipeline more than six times its size waits on grid capacity that does not yet exist. Weighted vacancy across ten existing Canadian assets is 12.7%, but excluding a single unleased 130,134 SF Saskatoon build, operating vacancy is roughly 0.3% [CoStar Data Centre Export, July 2026]. Eight proposed and under-construction projects total 6.84 million SF against 1.04 million SF of existing stock, with Alberta holding eleven of eighteen tracked assets [CoStar Data Centre Export, July 2026]. The AESO reports more than 20,000 MW of load requests against a grid able to accommodate about 1,200 MW, fully allocated in November 2025 [AESO Data Centre Update, September 2025; AESO Phase 1 allocation, November 2025]. Ontario development land is repricing on grid access: Amazon paid $1.25 million per acre in Nepean, and an Oakville parcel traded at $2.19 million per acre in January 2026 [CoStar Land Export, July 2026]. Interconnection queue position, not vacancy or cap rate, will determine how much of this pipeline becomes supply. --- ### Q2 2026 GTA Healthcare Real Estate Report URL: https://www.lucerocommercial.com/insights/reports/q2-2026-gta-healthcare-medical-report Period: Q2 2026 Province: Ontario Gated: Yes (full content requires contact form) Published: 2026-07-10 Summary: GTA medical building sales slowed to two recorded trades totaling approximately $5.0 million in Q2 2026, while occupancy held near 96% — a market short of product, not of demand. Trailing twelve-month volume reached $38.5 million across eleven trades, down roughly 69% from $124.7 million over the prior twelve months. The existing tracked stock of 478 buildings and 14.6 MSF is approximately 96.2% leased, with availability of 4.7%; York is effectively full at 99.6% leased. Q2 pricing evidence rests on 720 Sheppard Avenue, Pickering — 10,100 SF, fully leased, sold June 26 at roughly $315 PSF. Supply response is limited: about 193,000 SF under construction and 126,000 SF proposed, under 2.2% of inventory combined, against a stock with a median vintage of 1984 [CoStar, July 2026]. The lease-up of 77 Wade Avenue and the emergence of a credible cap rate marker — absent from this quarter's transactional record — are the data points that should shape a Q4 allocation. --- ### Q3 2025 GTA Industrial Outlook URL: https://www.lucerocommercial.com/insights/reports/q3-2025-gta-industrial-outlook Period: Q3 2025 Province: Ontario City: Mississauga Gated: Yes (full content requires contact form) Published: 2026-05-17 Summary: The GTA industrial market showed its first clear signs of stabilization in Q3 2025 after roughly two years of rebalancing. Following a tariff-induced pause in occupier decision-making during Q2, leasing activity resumed across most sectors, producing a 10 basis point decline in overall availability to 5.1%, the first improvement in an extended stretch of rising availability (CBRE Research). --- ===================================================== ## CASE STUDIES ### Off-market acquisition of residential subdivision development land in Pickering URL: https://www.lucerocommercial.com/case-studies/off-market-acquisition-of-residential-subdivision-development-land-in-pickering Transaction: site acquisition Value: $18.5M CAD Property type: development land Location: Pickering, Ontario Buyer: GTA-based institutional landowner Seller: Private sellers — The Mandate A GTA-based institutional landowner wanted waterfront development land in Pickering, a category that has functionally ceased to exist as a listed asset class. Frenchman's Bay is largely built out; what remained by 2021 was held in fragments by private owners, none of whom had a property on the market and few of whom thought of themselves as sellers of development land at all. The client's requirement was not a site search. It was an assembly: multiple contiguous parcels, acquired quietly enough that no single acquisition would reprice the ones still to come, and configured to support a townhouse community of more than 50 units [Lucero transaction records, February 2022]. The mandate was non-obvious because the inventory was invisible. Nothing Lucero was asked to buy could be found on a listing service. — How We Ran It The work began with ownership, not availability. Lucero mapped the candidate parcels around Frenchman's Bay, identified the private owners behind each, and approached them directly. Off-market assembly is a sequencing problem as much as a sourcing one: the value of the combined site exceeds the sum of its parts, and every completed purchase raises the implied price of the next. The approach order, the pace of contact, and the discipline to keep individual negotiations separate were the mechanics that held the economics together. Each seller was a private party with a different relationship to the land and a different reason to transact, or not to. That meant separate negotiations run in parallel, each on its own terms, while the client's underwriting treated the parcels as a single future site. Lucero advised on the assembly throughout: which parcels were essential to the unit count, which were additive, and where the plan could flex if a given owner declined. The parcels closed into a single development position capable of supporting the intended community. — Outcome The assembly closed in February 2022 at $18,500,000, delivering the client a lakefront site in Pickering entitled-track for a luxury waterfront townhouse community of more than 50 units [Lucero transaction records, February 2022]. The implication sits less in the price than in the scarcity. Frenchman's Bay held few remaining waterfront development parcels, and this assembly consolidated one of the last of them [Lucero transaction records, February 2022]. Land of this description in the eastern GTA is not replaced; once assembled and developed, the category closes. The client now holds a position that no competitor can source on the open market, because the open market was never where it existed. Results Multi-parcel off-market assembly closed at $18,500,000, February 2022 [Lucero transaction records, February 2022] Site supports a lakefront townhouse community of 50+ units [Lucero transaction records, February 2022] One of the last waterfront development land positions in Frenchman's Bay consolidated under single ownership [Lucero transaction records, February 2022] All parcels acquired from private sellers through direct, off-market negotiation Sequenced acquisitions preserved pricing discipline across the assembly Results: - $18.5M assembly closed - Closed in 14 months - 51+ unit site acquired --- ===================================================== ## CONTACT Discreet inquiries: https://www.lucerocommercial.com/contact