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 15-ton and 45-ton cranes. 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. (id:4555)
PROPERTY SPECS
Price $12,250,000
City Hamilton, Ontario
Address 243 Queen Street
Listing ID X13742392
Type Industrial/Commercial
Status For Sale
EXTENDED FEATURES
SubtypeIndustrialFeaturesRailOwnershipFreeholdHeating / CoolingForced air, Natural gas