38 HANIAK ROAD
Thunder Bay (Rosslyn Road), Ontario
MLS® X14122604
$5,400,000
- Status
- Active
- Property type
- Industrial
- MLS® number
- X14122604
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 20Listing 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 Well-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.
Property summary
- MLS® number
- X14122604
- Property type
- Industrial
- Size
- 38,201 sq ft
- Land size
- 18.45 acres
- Annual property taxes
- $101,380.76
- Days on market
- 9 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Lot features
- Irregular lot size, Crane
What would this home cost you?
Based on the $5,400,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX REALTY SPECIALISTS INC., MISSISSAUGA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.