1/18243 QUEEN STREET N, Hamilton (Strathcona)
243 QUEEN STREET N, Hamilton (Strathcona), ON L8R3N6
$12.3M total
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Asset Class
Industrial
Size
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Building class
C
Zoning
IB — Industrial Business
$ / SF
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Occupancy
94%
Clear height
22 ft
Loading docks
5
About this property
Fully leased income-producing industrial investment situated on a 7.44-acre site near Hamilton's West Harbor. The property offers approximately 80,939 SF across three industrial units and is being offered at a 6.73% going-in cap rate, with a 3.8-year WALT and built-in rental escalations. The building features clear heights reaching approximately 54', eight drive-in doors, and four cranes: one 45-ton, two 30-ton and one 5-ton. Zoned D2 and P5, with significant land area, ample surface parking and outdoor yard space. An opportunity to acquire a stabilized industrial asset with secure in-place income and contractual rental growth. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$57K
Projected NOI
$658K
Annual cash flow
$-21K
Cash-on-cash
-0.58%
DSCR
0.97
Going-in cap
5.37%
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
81,498
Households
35,830
Median income
$122,500
Median age
35.7
Daytime population
106,300
5-yr growth
4.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 243 QUEEN STREET N, Hamilton (Strathcona).
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.