243 QUEEN Street N, Hamilton

$12,250,000

243 QUEEN Street N, Hamilton — photo 1243 QUEEN Street N, Hamilton — photo 2243 QUEEN Street N, Hamilton — photo 3243 QUEEN Street N, Hamilton — photo 4243 QUEEN Street N, Hamilton — photo 5243 QUEEN Street N, Hamilton — photo 6243 QUEEN Street N, Hamilton — photo 7243 QUEEN Street N, Hamilton — photo 8243 QUEEN Street N, Hamilton — photo 9

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 15-ton and 45-ton cranes. 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:66939)

Property details

Price
$12,250,000
Living area
80,939 square feet
Property type
Industrial
Basement
None
MLS® number
40857056

Location

Map showing the location of 243 QUEEN Street N, Hamilton

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Source board: Cornerstone Association of REALTORS®.

Listing data is provided by the Canadian Real Estate Association (CREA) through the REALTOR.ca Data Distribution Facility (DDF®) and is deemed reliable but not guaranteed accurate. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listings displayed may be held by brokerages other than Hamodi Realty / HomeLife Miracle Realty.