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 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.
Property Type:
Commercial Sale
Property SubType:
Building and Land
Listing General Location:
101 - Strathcona Central North, 10 - Hamilton West
Bathrooms:
-
(Full:-/Half:-)
Lot Details:
467.9 x
Lot Frontage:
467'10¾"143 m
Kitchens:
0
County Or Parish:
Hamilton
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, Crane: Yes, New Construction: No
Basement:
None
Number of Storeys:
1
Total Floor Area:
1.86 acre(s)0.75 hectare(s)
Industrial Area:
1.86 acre(s)0.75 hectare(s)
Fireplace:
false
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
false
No
Barton St W & Queen St N
No
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, Crane: Yes, New Construction: No
Zoning:
D2, P5
Structures:
Industrial
Lot Site Features:
City Lot, Highway Access, Public Transit
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, Crane: Yes, New Construction: No