$8,979,900
FOR SALE

Industrial

Lot: 80.35 x 420.77 ftTotal Area: 35,296 ft2 divisible
2023 Taxes: $108,050

75 Hempstead Dr
Hamilton, ON L8W 2Y6 | Hannon

This 35,296-square-foot industrial building has a Net Operating Income of over $430,000/year and built-in annual escalations that average 4.7% per year. Located within the Red Hill Business Park in the city of Hamilton, this convenient location is only 2 minutes from the Lincoln Alexander Parkway and 3 minutes from the Red Hill Valley Parkway. The property is fully occupied by three tenants, with triple net leases, at market rates, with escalations in place. The building features 2 loading docks, 6 drive-in-doors, clear heights of 17 ft. 8 inches, and plenty of parking. The property is zoned M3 - Prestige Business Park which is ideal for manufacturing, industrial, production, services, warehouse, and the like. A clean phase one environmental site assessment from Pinchin Ltd. is available upon accepted offer. For further details please request access to the Data Room which includes floor plans, a Profit and Loss Statement, and more!
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Listed By REALTY NETWORK
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8247062
Last Updated Apr 18, 2024
Property Summary
Property Type Industrial

More like this:
Category Multi-Unit
Legal Description PCL 4-1, SEC 62M489; LT 4, PL 62M489; S/T LT229555E Hamilton
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $108,050
Tax Type Annual
Directions/Cross Streets Linc To Dartnall Rd, West On Stone Church Rd E, South On Nebo Rd, West On Hempstead
Neighbourhood Hannon
Area Hamilton
Price History

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Detailed Information
Freestanding Y
Lot 80.35 x 420.77 ft
Lot Irregularities Pie Shaped
Industrial Area 33,383 ft2 divisible
Total Area 35,296 ft2 divisible
Elevator None
Air Conditioning N
Garage Type Outside/Surface
Parking Spaces 54
Amps 400
Volts 600
Heat Type Gas Forced Air Open
Financial Statement Y
Outside Storage N
Area Influences Public Transit
Sewers Sanitary
Utilities Y
Water Municipal
Clear Height 17 feet 5 inches
Double Man Shipping Doors -1
Crane N
Rail N
Survey N
Lot/Bldg/Unit Code Lot
Zoning M3- Prestige Business Park
Seller Property Info Statement N

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