$5,400,000 Sale

Listed 1 day

38 HANIAK ROAD

MLS® x14122604 Industrial

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 38201

Est. mortgage

$20,486/mo

Key Facts

Key facts for 38 HANIAK ROAD

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

X14122604

Size

38201 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Long-Term NNN Industrial Sale-Leaseback Investment. 38,201 SF Freestanding Industrial Facility (Approx. 2,737 SF Office & 35,464 SF Industrial) On Approx. 18.45 Acres In Rosslyn (Oliver Paipoonge), Minutes West Of Thunder Bay With Quick Access To Hwy 130 And The Trans-Canada Highway (Hwy 11/17). A W...ell-Established Industrial Tenant With A 49+ Year Track Record Will Sign A New 10-Year Triple Net Lease On Closing At $12.00/SF In Year 1 With 2.5% Annual Escalations (Approx. $458,412 Year-1 Net Rent - 8.49% Going-In Cap Rate At List Price). Steel Frame Construction, 26 Ft Clear Height, 14 Grade-Level Doors, Crane-Served Bays, Gas Forced Air Heat. Originally Built 1974 With Expansions Through 2022. Zoned PM1 (Paipoonge Light Industrial). Large Yard With Outside Storage. Services: Hydro, Drilled Well, Septic, Natural Gas, Telephone & High-Speed Internet. Thunder Bay Is The Main Service Hub For Northwestern Ontario And The Gateway To The Ring Of Fire Mineral Region. Ideal For REITs, Institutional And Private Investors Seeking Stable, Hands-Off Income. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

38201 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

38201 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Exterior

Acreage

18.45 ac

Parking Spaces

Garage Spaces Y/N

Zoning Description

PM1 (PAIPOONGE LIGHT INDUSTRIAL ZONE)

Land Amenities

Highway

Acreage

18.45 ac

Parking Spaces

Garage Spaces Y/N

Zoning Description

PM1 (PAIPOONGE LIGHT INDUSTRIAL ZONE)

Land Amenities

Highway

Building Description

Home Type

Commercial

Subtype

Industrial

Sewers

Septic System

Water Supply

Drilled Well

Home Type

Commercial

Subtype

Industrial

Sewers

Septic System

Water Supply

Drilled Well

Community

Oliver Paipoonge

Area Code

Oliver Paipoonge

Community

Oliver Paipoonge

Area Code

Oliver Paipoonge

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