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! (id:47421)
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Detailed Information
Lot
80 x 420 ft
Total Area
35,296 ft2
Amenities Nearby
Public Transit
Listing Contract Date
2024-04-16
Loading
Truck level
Location Description
URBAN
# of Parking Spaces
54
Property Type
Industrial
Transaction Type
For sale
Zoning Description
M3 - Prestige Business Park
Business
Business Type
Industrial
Business Subtype
Industrial
Building
Cooling Type
Air Conditioned
Fire Protection
Smoke Detectors
Heating Type
Forced air, Radiant heat
Size (Exterior)
35296 square feet
Type
Multi-Tenant Industrial
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Surfaced
Land
Total Size
80.35 x 420.77 | 2 - 4.99 acres
Acreage
Yes
Amenities
Public Transit
Sewer
Sanitary sewer
Size of Irregular Land
80.35 x 420.77
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