For Sale · Industrial

577 BURLINGTON STREET E, Hamilton (Industrial Sector)

577 BURLINGTON STREET E, Hamilton (Industrial Sector), ON L8L4J5

$1.2M total

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

94%

Lot Size

2208 ac

Clear height

27 ft

Loading docks

6

About this property

EXCELLENT MULTI USE OFFICE/TIRE/AUTO/SHOP OPPORTUNITY IN HIGH TRAFFI. Modern open concept 1,500 sqft showroom/office, renovated within the last 2 years with high end finishes. Heated 2 car, 708 sqft bay with 2x 12X10 door and 2 new car lifts. Zoned Industrial (M5) allows for many opportunities and multiple uses. Fenced secure lot. Storage containers if needed. Current tenant on lease. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.20M
Down payment30% · $359K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$65K

Annual cash flow

$-1K

Cash-on-cash

-0.33%

DSCR

0.98

Going-in cap

5.44%

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

71,907

Households

30,928

Median income

$125,500

Median age

36.3

Daytime population

95,756

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 577 BURLINGTON STREET E, Hamilton (Industrial Sector).

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.