1/18243 QUEEN Street N, Hamilton
243 QUEEN Street N, Hamilton, ON L8R3N6
$12.3M total
80,939 SF
Asset Class
Industrial
Size
80,939 SF
Building class
A
Zoning
IL — Light Industrial
$ / SF
$151
Occupancy
86%
Clear height
34 ft
Loading docks
13
About this property
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 cranes: one 45-ton, two 30-ton and one 5-ton. 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. (id:66811)
Financial sandbox
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Monthly debt service
$57K
Projected NOI
$499K
Annual cash flow
$-180K
Cash-on-cash
-4.89%
DSCR
0.74
Going-in cap
4.08%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Prairie Coffee Roasters | 35,308 SF | 2032-10 |
| Prairie Coffee Roasters | 34,219 SF | 2032-10 |
Area demographics
Trade area within 3 miles of the property.
Population
137,149
Households
59,986
Median income
$90,000
Median age
44.3
Daytime population
128,123
5-yr growth
0.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 243 QUEEN Street N, Hamilton.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.