Industrial Investment Portfolio
$33,000,000
45-75 Frid Street, Hamilton, ON L8P 4M3, Canada
5.6
Cap Rate
1,890,940
NOI
Details:
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 .
Documents:
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Frid-Chatham_St-Information_Sheet-May-25_CA-Form_.pdf
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Location
