Active
75 Hempstead Drive
Hamilton Ontario, L8W2Y6
$8,979,900
Active
Land
Courtesy of Realty Network
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:41202)
H4190283
MLSⓇ ID
April 16, 2024
Listed
May 9, 2024
Updated
Map
75 Hempstead Drive
Hamilton Ontario, L8W2Y6
Exterior/Building Features
Sewer
Sanitary sewer
Other Property Details
Garage
No
Parking Total
54
View
No
Pool
No
Courtesy of Realty Network, Lucas Colalillo,
Listing Contact: (289) 880-2069
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