Fully leased income producing industrial investment situated on a 7.
243 Queen Street
Hamilton L8R 3N6
Canada
Listing
| Web ID: | 5821818 |
|---|---|
| Website: | https://www.nestseekers.com/5821818 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
Financials
Price:C12,250,000
($8,741,800)
(€7,798,900)
Annual Taxes:C198,465.95
Description
Fully leased income-producing industrial investment situated on a 7.44-acre site near Hamilton's West Harbor. The property offers approximately 80,939 SF across three industrial units and is being offered at a 6.73% going-in cap rate, with a 3.8-year WALT and built-in rental escalations. The building features clear heights reaching approximately 54', eight drive-in doors, and four cranes: one 45-ton, two 30-ton and one 5-ton. Zoned D2 and P5, with significant land area, ample surface parking and outdoor yard space. An opportunity to acquire a stabilized industrial asset with secure in-place income and contractual rental growth.
