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LOADING

75 Hempstead Drive Hamilton, Ontario L8W 2Y6

35296 sqft
Air Conditioned Forced Air, Radiant Heat Acreage

$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! (id:52603)

Business

Business Type Industrial
Business Sub Type Industrial

Property Details

MLS® Number H4190283
Property Type Industrial
Amenities Near By Public Transit
Loading Type Truck Level
Parking Space Total 54

Building

Cooling Type Air Conditioned
Fire Protection Smoke Detectors
Heating Type Forced Air, Radiant Heat
Size Exterior 35296 Sqft
Size Interior 35296 Sqft
Type Multi-tenant Industrial
Utility Water Municipal Water

Parking

Surfaced

Land

Acreage Yes
Land Amenities Public Transit
Sewer Sanitary Sewer
Size Depth 420 Ft
Size Frontage 80 Ft
Size Irregular 80.35 X 420.77
Size Total Text 80.35 X 420.77|2 - 4.99 Acres
Zoning Description M3 - Prestige Business Park

https://www.realtor.ca/real-estate/26758564/75-hempstead-drive-hamilton


Realty Network
431 Concession Street
Hamilton, Ontario L9A 1C1

(905) 389-3737
(905) 574-0026

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