For Lease · Retail

185 JAMES Street N, Hamilton

185 JAMES Street N, Hamilton, ON L8R2K9

$40 per sq ft / yr

732 SF

Asset Class

Retail

Size

732 SF

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

$0

Occupancy

82%

About this property

A rare opportunity to run your business in one of Hamilton’s most desirable mixed-use condominium buildings, brilliantly positioned at the corner of James Street North and Mulberry Street in the heart one of the city’s leading vibrant arts, culture and dining districts. These high-visibility retail condominiums are offered in shell condition - ready for a tenant to build out to suit their business. Ideal for a wide range of retail, service, office or storefront uses, the units may be leased individually or together. Heating and cooling and water are all included in the condominium fees, leaving electricity as the unit’s only directly metered utility. Shared common-element washrooms eliminate the need to dedicate valuable floor area or maintenance responsibility to private facilities, while each unit also includes an on-site storage locker and a parking space in the building’s secure indoor garage. The location is exceptional: steps from the shops, galleries, cafes and businesses that define James North, and within easy reach of the West Harbour GO Station, Hamilton’s waterfront, and the downtown financial and employment core. (id:66811)

Financial sandbox

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Estimate
Purchase price$40
Down payment30% · $12
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-1

Cash-on-cash

-6.51%

DSCR

0.65

Going-in cap

3.59%

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
Aurora Legal LLP600 SF2032-06

Area demographics

Trade area within 3 miles of the property.

Population

86,921

Households

30,004

Median income

$100,500

Median age

44.8

Daytime population

79,774

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 185 JAMES Street N, Hamilton.

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.