75 Hempstead Drive

Hamilton

,

Ontario

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:6355)

Listing ID: H4190283 Transaction Type: For sale Bedrooms: Bathrooms: Kitchens: Constructed Date: Maintenance Fee: / Maintenance Type: Land Size: Land Size Total Text: 80.35 x 420.77|2 - 4.99 acres Land Size Irregular: 80.35 x 420.77 Building Size Interior: 35296 sqft Building Utility Water: Municipal water Building Heating Type: Forced air, Radiant heat Building Cooling Type: Air Conditioned Building Fixture: Land Sewer: Sanitary sewer Storage Type: Courtesy Of: Realty Network Basement:

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