75 Hempstead Drive, Hamilton, Ontario
For Sale — $8,979,900
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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Details

Property

75 Hempstead Drive
Hamilton, Ontario, Canada
80.35 X 420.77
H4190283

Listing provided by

RE/MAX Escarpment Realty Inc., Brokerage
April 16, 2024

Financial

For Sale
$8,979,900
$108,050 (2023)

Location

N/A
Industrial
Factory/Manufacturing
N/A
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Area map Street view Amenities Walk score

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