For Lease · Industrial

UNIT #3 - 270 PARKDALE AVENUE N, Hamilton (McQuesten)

UNIT #3 - 270 PARKDALE AVENUE N, Hamilton (McQuesten), ON L8H5X7

Price on request

3,500 SF

Asset Class

Industrial

Size

3,500 SF

Building class

A

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

84%

Lot Size

3500 ac

Clear height

20 ft

Loading docks

8

About this property

Industrial Space for Lease - Approximately 3,500 sq. ft. of industrial space is available for lease in a multi-tenant building. The existing tenant is relocating within the property, creating an opportunity to lease a well-maintained space that includes office accommodations and a kitchenette. The property offers excellent access to major transportation routes, including Parkdale Avenue and Barton Street, making it an ideal location for a variety of industrial and commercial users. The current tenant is expected to fully vacate the premises within the next 30 days, with the space available for immediate possession. The monthly rent is on a gross basis and includes TMI (Taxes, Maintenance, and Insurance), providing tenants with a straightforward and predictable monthly rental cost. This is an excellent opportunity to work with a proactive and supportive landlord who is seeking a long-term tenant. Bring your business plans and proposals to the listing agent for consideration. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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)

TenantAreaExpiry
Summit Trades Supply2,954 SF2030-03

Area demographics

Trade area within 3 miles of the property.

Population

80,250

Households

30,110

Median income

$101,500

Median age

32.9

Daytime population

83,375

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for UNIT #3 - 270 PARKDALE AVENUE N, Hamilton (McQuesten).

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.