For Lease · Industrial

353 MILLEN ROAD, Hamilton (Stoney Creek)

353 MILLEN ROAD, Hamilton (Stoney Creek), ON L8E2H3

Price on request

—

Asset Class

Industrial

Size

—

Building class

C

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

94%

Clear height

28 ft

Loading docks

12

About this property

Excellent opportunity to lease 1,800 sq. ft. of versatile industrial/commercial space at 353 Millen Road, Stoney Creek, offered at $2,400/month + TMI + HST. Located within a freestanding industrial building in a high-exposure area, this property offers convenient access for businesses, employees, and deliveries. The location provides excellent connectivity throughout Hamilton and the surrounding GTA, making it suitable for a variety of business operations, industrial uses, or storage requirements. With competitive rental pricing and additional flexibility, this space presents a great opportunity for businesses looking to establish or expand their operations in a well-connected commercial location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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.

Area demographics

Trade area within 3 miles of the property.

Population

105,408

Households

42,070

Median income

$128,500

Median age

38.5

Daytime population

143,091

5-yr growth

5.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 353 MILLEN ROAD, Hamilton (Stoney Creek).

NDA required
  • 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.