75 Hempstead Drive, Hamilton | Image 1

75 Hempstead Drive

Hamilton, Hannon

  • Commercial

$8,979,900
For Sale

Added 2 weeks ago

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  • Type: Industrial

  • Property Type: Commercial

  • Zoning: M3- Prestige Bus

  • Age: No Data

  • Taxes: 108050

  • MLS®#: X8247062

  • Days on Site: 2 Days

  • Added: Apr 16, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: REALTY NETWORK

This 35,296-square-foot industrial building has a Net Operating Income of over $430,000/year and built-in annual escalations that average 4.7% per year. Located within the Red Hill Business Park in the city of Hamilton, this convenient location is only 2 minutes from the Lincoln Alexander Parkway and 3 minutes from the Red Hill Valley Parkway. The property is fully occupied by three tenants, with triple net leases, at market rates, with escalations in place. The building features 2 loading docks, 6 drive-in-doors, clear heights of 17 ft. 8 inches, and plenty of parking. The property is zoned M3 - Prestige Business Park which is ideal for manufacturing, industrial, production, services, warehouse, and the like. A clean phase one environmental site assessment from Pinchin Ltd. is available upon accepted offer. For further details please request access to the Data Room which includes floor plans, a Profit and Loss Statement, and more!

Property

  • Status: Sale

  • Property Type: Industrial

  • Property Type: Multi-Unit

  • Area: Hamilton

  • Community: Hannon

  • Availability Date: Flexible

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • Energy Certificate: N

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

  • Volts: 600

  • Amps: 400

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 54

Fees

  • Tax Year: 2023

  • Tax Legal Description: PCL 4-1, SEC 62M489; LT 4, PL 62M489; S/T LT229555E Hamilton

  • Taxes: $108,050

  • Taxes Type: Annual

Land

  • Cross Street: Linc To Dartnall Rd,

  • Municipality District: Hamilton

  • Sewer: Sanitary

  • Lot Depth: 420.77 Feet

  • Lot Frontage: 80.35 Feet

  • Lot Irregularities: Pie Shaped

  • Zoning: M3- Prestige Bus

Shipping Doors

  • Clearing Height (ft): 17

  • Clearing Height (in): 5

Commercial Specific

  • Rail: N

  • Total Area: 35296

  • Total Area Metric: Sq Ft Divisible

  • Industrial Area Size: 33383

  • Industrial Area Metric: Sq Ft Divisible

  • Area Influence: Public Transit

  • Crane: N

  • Lot Code: Lot

  • Survey: N

  • Financial Statement: Y

Map of 75 Hempstead Drive, Hamilton
JK-5

Richard Beasley Junior Public School

Elementary: Public
2.05 km
JK-6

Lincoln Alexander Public School

Elementary: Public
1.46 km
JK-8

St. Kateri Tekakwitha Catholic Elementary School

Elementary: Catholic
0.55 km
JK-8

Cecil B Stirling School

Elementary: Public
0.77 km
JK-8

Lisgar Junior Public School

Elementary: Public
1.88 km
JK-8

Templemead Elementary School

Elementary: Public
0.73 km
9-12

Vincent Massey/James Street

Secondary: Public
3.16 km
9-12

ÉSAC Mère-Teresa

Secondary: Catholic
2.10 km
9-12

Nora Henderson Secondary School

Secondary: Public
2.09 km
Pre-Grade 9-12

Sherwood Secondary School

Secondary: Public
3.69 km
9-12

St. Jean de Brebeuf Catholic Secondary School

Secondary: Catholic
2.05 km
9-12

Bishop Ryan Catholic Secondary School

Secondary: Catholic
2.52 km