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Industrial Investment Portfolio 5 Properties Offered at $33,500,000 CAD in Hamilton, ON
INVESTMENT HIGHLIGHTS
- The properties are situated at the junction of highway 403 and highway 8.
- The Vendor will also consider selling the portfolio as separate parcels.
- The surrounding area has recently experienced significant revitalization, driven by the growth and influence of MIP.
EXECUTIVE SUMMARY
CB Metropolitan Commercial Ltd., is pleased to offer for sale a professionally managed flex industrial investment portfolio with present and future development potential, situated adjacent to the vaunted McMaster Innovation Park (MIP) near McMaster University. MIP is planning to develop a 2.8 million square foot Life Sciences ‘Mega Hub’.
The properties are situated at the junction of highway 403 and highway 8 (Main St W), in the Kirkendall North neighbourhood of Hamilton and are located minutes from McMaster University, downtown Hamilton and adjacent to a large historic residential district. The surrounding area has recently experienced significant revitalization, driven by the growth and influence of MIP.
The Property is designated within the City of Hamilton Official Plan as Industrial – Research and Development (M1) Zone which allow uses such as Office, Conference or Convention Centre, Hotel, Production Studio, Restaurant, Retail and Restaurant. This flex industrial portfolio offers a going-in CAP Rate of 5.4% with an opportunity for phased future redevelopment, making it a compelling investment opportunity. There is an immediate opportunity to develop a “approved” 100,097 SF self storage facility on excess severed land.
The Vendor will also consider selling the portfolio as separate parcels. Please contact the listing agents to discuss
The properties are situated at the junction of highway 403 and highway 8 (Main St W), in the Kirkendall North neighbourhood of Hamilton and are located minutes from McMaster University, downtown Hamilton and adjacent to a large historic residential district. The surrounding area has recently experienced significant revitalization, driven by the growth and influence of MIP.
The Property is designated within the City of Hamilton Official Plan as Industrial – Research and Development (M1) Zone which allow uses such as Office, Conference or Convention Centre, Hotel, Production Studio, Restaurant, Retail and Restaurant. This flex industrial portfolio offers a going-in CAP Rate of 5.4% with an opportunity for phased future redevelopment, making it a compelling investment opportunity. There is an immediate opportunity to develop a “approved” 100,097 SF self storage facility on excess severed land.
The Vendor will also consider selling the portfolio as separate parcels. Please contact the listing agents to discuss
PROPERTY FACTS
| Price | $33,500,000 CAD | Number of Properties | 5 |
| Price / SF | $340.32 CAD / SF | Individually For Sale | 1 |
| Cap Rate | 5.60% | Total Building Size | 98,438 SF |
| Sale Type | Investment | Total Land Area | 8.94 AC |
| Status | Active |
| Price | $33,500,000 CAD |
| Price / SF | $340.32 CAD / SF |
| Cap Rate | 5.60% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 1 |
| Total Building Size | 98,438 SF |
| Total Land Area | 8.94 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 67 Frid St, Hamilton, ON L8P 1K9 | Flex | 32,446 SF | 1986 | - |
| 75 Frid St, Hamilton, ON L8P 4M3 | Industrial | 19,980 SF | 1995 | - |
| 180 Chatham St, Hamilton, ON L8P 2B6 | Industrial | 13,650 SF | 1945 | $3,250,000 CAD |
| 55 Frid St, Hamilton, ON L8P 4M3 | Office | 16,879 SF | 1994 | - |
| 45 Frid St, Hamilton, ON L8P 4M3 | Office | 15,483 SF | 1940 | - |
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