6159 Progress St 16,973 SF 4-Star Industrial Building Niagara Falls, ON L2G 0C2 $4,000,000 CAD ($235.67 CAD/SF) 6% Cap Rate

This fully tenanted, turn-key industrial asset offers stable, predictable income with a strong tenant commitment. The 18,520 SF warehouse features approximately 15,000 SF of clear-span space with ceiling heights up to 30 ft, complemented by recently renovated, professionally finished office space across two levels with full HVAC and meeting rooms.
Located on a 1.6-acre lot, the building includes four grade-level doors (two 14’ x 18’, one sliding 24’ x 23’, and one 14’ x 22’), 600-amp, 3-phase power, and gas radiant-tube heating in the warehouse. The tenant currently pays $21,000/month (including TMI) on a new 3-year lease.
The owner is removing (4) four overhead cranes but may leave them in place if desired. Timing is key, as the owner is transitioning to a new location and can relocate existing tenants to the other site if the buyer requires vacant possession.
Additionally, the seller has drawings available for an extra 10,000 SF expansion.
This property offers hands-off income and is ideally positioned for investors seeking a stable light industrial asset in Niagara.