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Listed by Ilan Friedner • Real Broker Ontario Ltd.
$12,250,000
Est. payment /mo
80,939 SqFt
New
243 Queen Street N Hamilton, ON L8R 3N6
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Key Details
Property Type Commercial
Sub Type Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 80,939 sqft
Price per Sqft $151
MLS Listing ID 40857056
Abv Grd Liv Area 80,939
Annual Tax Amount $198,465
Property Sub-Type Building and Land
Source Cornerstone
Property Description
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.
Location
Province ON
County Hamilton
Area 10 - Hamilton West
Zoning D2, P5
Direction Barton St W & Queen St N
Rooms
Basement None
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 467.9
Garage No
Building
Lot Description City Lot, Highway Access, Public Transit
Faces Barton St W & Queen St N
Story 1
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 175800229
Ownership Freehold/None
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