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197 James St N 9,774 SF 100% Leased Retail Building Hamilton, ON L8R 2L2 $3,499,000 CAD ($357.99 CAD/SF) 6.41% Cap Rate

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INVESTMENT HIGHLIGHTS

Prime Hamilton location on James Street.
Secure entry for all tenants.

Stable, low-vacancy office/retail units.

EXECUTIVE SUMMARY

Presenting 193-197 James Street North, located on one of Hamilton’s most prestigious streets, this 9,700 sq/ft all-brick building offers a fantastic investment opportunity. Just steps from public transit, the West Harbour Go Station, Acclamation Condos, and other thriving businesses and future developments, this property is perfectly situated for long-term growth. Originally the Armoury Hotel, this building now houses 21 units, including a long-time anchor tenant, Snafu Studios, at street level. The upper floors feature 19 studio/office spaces, currently leased to young professionals, with low vacancy. The property boasts modern amenities such as forced air, central air, high-speed internet, hardwood floors, and office floors equipped with four bathrooms (three with showers) and a shared kitchenette. There is significant upside potential by converting office leases to a net structure, increasing the property’s net operating income (NOI). Secure entry is provided for all office tenants, making this an incredible opportunity to add to any commercial portfolio.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

9,774 SF

Building Class

Year Built

1900

Price

$3,499,000 CAD

Price Per SF

$357.99 CAD

Cap Rate

6.41%

NOI

$224,194 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

3 Stories

Building FAR

2.80

Lot Size

0.08 AC

Zoning

D2 - Commercial

Frontage

62’ on James St

Air Conditioning

MAJOR TENANTS

Wholesaler
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CLM is a one-stop shop with an in-depth understanding of the Canadian natural products landscape! Their multichannel distribution strategy includes health food stores, practitioners, drug/grocery chains, and Amazon. Their omni-channel expertise means they understand the interplay between e-commerce and traditional retail. They are effective at managing both simultaneously for rapid growth! They also have a leading edge on-line training system to educate retail store employees and managers about the brands we carry. They can also help their distribution partners develop brand messaging, marketing materials, and specialized training programs. And of course, they offer all the traditional distribution services including store detailing, merchandising, inventory management, and shipping.

Mulberry Street Coffee House
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Tipping Point Hr Services Inc
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Professional, Scientific, and Technical Services
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Urban Strategies® is an urban design, planning and engagement consultancy with studios in Toronto, Ontario, Hamilton, Ontario, and Vancouver, BC. They lead complex projects in cities all over the world and have an active practice across Canada and in the US, the Caribbean, Europe, and Asia. They are problem solvers who can help achieve successful outcomes for the full range of urban opportunities.

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE END
	Wholesaler	-	-	-
Mulberry Street Coffee House	-	-	-	-
Tipping Point Hr Services Inc	-	-	-	-
	Professional, Scientific, and Technical Services	-	-	-