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54 Centennial Pky N 3,400 SF of Office Space Available in Hamilton, ON L8E 1H6
HIGHLIGHTS
- Very attractive custom-built office
- Building offers plenty of parking.
- Lots of natural light and heavy traffic volume
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 3,400 SF | 1-10 Years | $11.47 USD/SF/YR $0.96 USD/SF/MO $38,991 USD/YR $3,249 USD/MO | Triple Net (NNN) |
2nd Floor
Great opportunity to lease this 3400 sq ft office space situated on the second floor of this very attractive custom-built office building. Located right across the street from Eastgate Square Mall, in the East End of Hamilton in a very high traffic and Businesses location with great visibility, just minutes to QEW and Redhill Parkway. It offers plenty of parking. Ideal space for many Professional office uses, (Legal, Accounting, Real estate firms, Insurance, etc.)
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 9 - 28 People
- Central Air Conditioning
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 3,400 SF | Gross Leasable Area | 8,474 SF |
| Property Type | Retail | Year Built | 1988 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 1.34/1,000 SF |
| Total Space Available | 3,400 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 8,474 SF |
| Year Built | 1988 |
| Parking Ratio | 1.34/1,000 SF |
ABOUT THE PROPERTY
Ideal space for many Professional office uses, (Legal, Accounting, Real estate firms, Insurance, etc.). From buffet restaurants to large fast food chains and everywhere in between, Riverdale is a very food-centric neighbourhood that focuses on good value at a low cost. There are also discount food stores, including a Bulk Barn in one of the many shopping plazas. Having cost efficient options such as this make it ideal for those with lower incomes. There are plenty of buses available in this neighbourhood, with most concentrated at Eastgate Mall and departing for various other neighbourhoods in Hamilton. Having a car is essential for running errands, but you can walk to the plaza malls if needed. The Hamilton Go Centre is an option if you want to get out of the city. You will find some new builds copping up in Riverdale, which could result in increased property values over time.
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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54 Centennial Pky N
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