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Industrial Investment Portfolio

$33,000,000

45-75 Frid Street, Hamilton, ON L8P 4M3, Canada

Active
Last Updated: 06/12/2025

5.6

Cap Rate

1,890,940

NOI

Details:
Cap Rate:    5.6%
NOI:    $1,890,940
Building Size:    103,178 sqft
Lot Area:    389,674 sqft
Occupancy:    90%
Lease Type:    Single Net
Zoning:    M1 (Research and Development)
Tenancy:    Multiple
Investment Strategy:    Value Add
Description:

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. 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 McMaster Innovation Park (MIP).
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 opportunity to develop a 100,097 SF self storage facility on the excess severed land which would require a
ZBA/OPA .

Map:
Documents:
Title
Frid-Chatham_St-Information_Sheet-May-25_CA-Form_.pdf
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Location
Gallery