75 Hempstead Dr
Hamilton, L8W2Y6
For Sale
$8,979,900
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Multi-Unit
CATEGORY35,296 Sq Ft
TOTAL AREAX8247062
MLSIDContact Us
Property Description
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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Property Details
Category
Multi-Unit
Zoning
M3 Prestige Business Park
Total Area
35,296 Sq Ft
Industrial Area
33,383 Sq Ft
Lot Size
80' x 421'
Taxes
$108,050 (2023)
Parking Spaces
54
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Listing contracted with Realty Network
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