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189 Hughson St S 3,006 SF Office Building Hamilton, ON L8N 2B6 $1,789,999 CAD ($595.48 CAD/SF) 6.52% Cap Rate
EXECUTIVE SUMMARY
Exceptional opportunity for investors or owner-operators to acquire a prime commercial property in a AAA location, steps from St. Josephs Hospital. This 3,900 sq. ft. building features 3 floors of medical office space and 4 floor comprising a residential unit with 2 bedroom apartment. Rear parking lot accommodates 14 vehicles, a rare advantage in the area.
Currently generating a net operating income of $120,000 (6.52% cap rate) under a gross lease structure, with tenants willing to renew for an additional 5 years or vacate for owner occupancy. Immediate positive cash flow with strong long-term upside in one of Hamilton's most sought-after corridors.
Currently generating a net operating income of $120,000 (6.52% cap rate) under a gross lease structure, with tenants willing to renew for an additional 5 years or vacate for owner occupancy. Immediate positive cash flow with strong long-term upside in one of Hamilton's most sought-after corridors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
3,006 SF
Building Class
C
Year Built
1900
Price
$1,789,999 CAD
Price Per SF
$595.48 CAD
Cap Rate
6.52%
NOI
$116,708 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
1,002 SF
Building FAR
0.69
Lot Size
0.10 AC
Zoning
C5 - C5- Confirm Zoning with Municipality
Parking
14 Spaces (4.66 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- The Hamilton Midwives
- Health Care and Social Assistance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| The Hamilton Midwives | Health Care and Social Assistance | - | - | - |
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Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (73)
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189 Hughson St S
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