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180 Chatham St 13,650 SF Industrial Building Hamilton, ON L8P 2B6 $2,328,214 USD ($170.57 USD/SF) 6.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Professionally managed industrial investment property with future redevelopment potential.
- This single-tenant property offers a going-in CAP Rate of 5.6% to 5.9% with a strong Tenant Covenant, making it a compelling investment opportunity.
- Located near HWY 403 and Main St W. and just minutes away from a residential district.
EXECUTIVE SUMMARY
CB Metropolitan Commercial Ltd., is proud to present an opportunity to purchase a professionally managed industrial investment property with future redevelopment potential, situated adjacent to the vaunted McMaster Innovation Park (MIP) at McMaster University.
Located near HWY 403 and Main St W, in the Kirkendall North neighbourhood of Hamilton, 180 Chatham St is minutes from a large historic residential district. The surrounding area has recently experienced significant revitalization, driven by the growth and influence of MIP. This single-tenant property offers a going-in CAP Rate of 5.6% to 5.9% with a strong Tenant Covenant, making it a compelling investment opportunity.
Located near HWY 403 and Main St W, in the Kirkendall North neighbourhood of Hamilton, 180 Chatham St is minutes from a large historic residential district. The surrounding area has recently experienced significant revitalization, driven by the growth and influence of MIP. This single-tenant property offers a going-in CAP Rate of 5.6% to 5.9% with a strong Tenant Covenant, making it a compelling investment opportunity.
PROPERTY FACTS
| Price | $2,328,214 USD | Lot Size | 0.88 AC |
| Price Per SF | $170.57 USD | Rentable Building Area | 13,650 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.20% | Year Built | 1945 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.88/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 7 |
| Zoning | M1 - General Industrial or Rural Industrial zone, allowing a range of industrial and some compatible commercial uses. | ||
| Price | $2,328,214 USD |
| Price Per SF | $170.57 USD |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.88 AC |
| Rentable Building Area | 13,650 SF |
| No. Stories | 1 |
| Year Built | 1945 |
| Tenancy | Single |
| Parking Ratio | 0.88/1,000 SF |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | M1 - General Industrial or Rural Industrial zone, allowing a range of industrial and some compatible commercial uses. |
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Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (94)
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180 Chatham St
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