Waldi & Margaret Niburski

Sutton Group Innovative Realty Inc. Brokerage

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75 Hempstead Drive
Hamilton Hamilton L8W 2Y6

$8,979,900
Industrial

Main Photo: 75 Hempstead Drive in Hamilton: Industrial for sale : MLS®# H4190283
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Status:
Active
Prop. Type:
Industrial
MLS® Num:
H4190283
Bus Major:
Industrial
Bus Minor:
Industrial
Build. Type:
Multi-Tenant Industrial
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:2493)
Property Type:
Industrial
Size Interior:
35,296 sq. ft.
Transaction Type:
For sale
Zoning:
M3 - Prestige Business Park
Amenities:
Public Transit
Major Business Type:
Industrial
Minor Business Type:
Industrial
Building Type:
Multi-Tenant Industrial
Cooling:
Air Conditioned
Fireplace:
No
Fire Protection:
Smoke Detectors
Heating:
Forced air, Radiant heat
Water:
Municipal water
Sewer:
Sanitary sewer
Land Amenities:
Public Transit
Size Exterior:
35,296 sq. ft.
Lot Frontage:
80'
Lot Depth:
420'
Acreage:
Yes
Lot Size:
80.35 x 420.77|2 - 4.99 acres
Lot Details:
80.35 x 420.77
Total Parking Spaces:
54
Parking Type:
Surfaced
Loading Type:
Truck level
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Listed by Realty Network
Data was last updated April 30, 2024 at 03:45 AM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$1,779,860
Min list price:
$1
Max list price:
$22,950,000
Avg days on market:
49
Min days on market:
3
Max days on market:
321
Avg price per sq.ft.:
$383.23
These statistics are generated based on the current listing's property type and located in Hamilton. Average values are derived using median calculations.

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Waldi Niburski
Waldi: 905-536-7474
Margaret Niburski
Margaret: 905-869-5111

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