1/2038 HANIAK ROAD, Thunder Bay (Rosslyn Road)
38 HANIAK ROAD, Thunder Bay (Rosslyn Road), ON P7K0C7
$5.4M total
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Asset Class
Industrial
Size
—
Building class
C
Zoning
IM — Medium Industrial
$ / SF
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Occupancy
87%
Lot Size
18.45 ac
Clear height
31 ft
Loading docks
2
About this property
Long-Term NNN Industrial Sale-Leaseback Investment. 38,201 SF Freestanding Industrial Facility (Approx. 2,737 SF Office & 35,464 SF Industrial) On Approx. 18.45 Acres In Rosslyn (Oliver Paipoonge), Minutes West Of Thunder Bay With Quick Access To Hwy 130 And The Trans-Canada Highway (Hwy 11/17). A Well-Established Industrial Tenant With A 49+ Year Track Record Will Sign A New 10-Year Triple Net Lease On Closing At $12.00/SF In Year 1 With 2.5% Annual Escalations (Approx. $458,412 Year-1 Net Rent - 8.49% Going-In Cap Rate At List Price). Steel Frame Construction, 26 Ft Clear Height, 14 Grade-Level Doors, Crane-Served Bays, Gas Forced Air Heat. Originally Built 1974 With Expansions Through 2022. Zoned PM1 (Paipoonge Light Industrial). Large Yard With Outside Storage. Services: Hydro, Drilled Well, Septic, Natural Gas, Telephone & High-Speed Internet. Thunder Bay Is The Main Service Hub For Northwestern Ontario And The Gateway To The Ring Of Fire Mineral Region. Ideal For REITs, Institutional And Private Investors Seeking Stable, Hands-Off Income. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$25K
Projected NOI
$262K
Annual cash flow
$-37K
Cash-on-cash
-2.28%
DSCR
0.88
Going-in cap
4.86%
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
103,292
Households
43,362
Median income
$123,500
Median age
34.1
Daytime population
174,226
5-yr growth
4.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 38 HANIAK ROAD, Thunder Bay (Rosslyn Road).
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.