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75 Hempstead Drive, Hamilton, Ontario, L8W 2Y6

MLS® # H4190283
Commercial For Sale In Rymal, Hamilton, Ontario
$8,979,900
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
75 Hempstead Drive, Hamilton, ON
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ACTIVE
75 Hempstead Drive, Hamilton, Ontario, L8W 2Y6
$8,979,900

Property Information:

This 35,296-square-foot industrial building has a Net Operating Income of over $430,000/year and built-in annual escalations that average 4.7% per year. Located within the Red Hill Business Park in the city of Hamilton, this convenient location is only 2 minutes from the Lincoln Alexander Parkway and 3 minutes from the Red Hill Valley Parkway. The property is fully occupied by three tenants, with triple net leases, at market rates, with escalations in place. The building features 2 loading docks, 6 drive-in-doors, clear heights of 17 ft. 8 inches, and plenty of parking. The property is zoned M3 - Prestige Business Park which is ideal for manufacturing, industrial, production, services, warehouse, and the like. A clean phase one environmental site assessment from Pinchin Ltd. is available upon accepted offer. For further details please request access to the Data Room which includes floor plans, a Profit and Loss Statement, and more! (id:27)

Building Features:

  • Style: Industrial
  • Building Type: Multi-Tenant Industrial
  • Fire Protection: Smoke Detectors
  • Floor Space: 35296 Square Feet
  • Heating Type: Forced air, Radiant heat
  • Cooling Type: Air Conditioned

Property Features:

  • Property Type: Industrial
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 35296.00 Square Feet
  • Irregular: Yes
  • Loading Type: Truck level
  • Lot Depth: 420.0 Feet
  • Lot Frontage: 80.0 Feet
  • Lot Size: 80.35 x 420.77
  • Zoning: M3 - Prestige Business Park
  • Sewer: Sanitary sewer
  • Parking Type: Surfaced
  • No. of Parking Spaces: 54

Courtesy of: Realty Network

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 75 Hempstead Drive, Hamilton, Ontario, L8W 2Y6

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

31 hot days expected in 2050

Projected Storm Risk: High

13 storms expected in 2050

Projected Heat Risk: High

31 hot days expected in 2050

49/100

High

ClimateCheck®

Current data

This property, 75 Hempstead Drive , experiences 7 hot days per year at around 31.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 35.1 degrees Celsius.

Projected Avg. Temperature

Past
31.5℃
2050
35.1℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: High

13 storms expected in 2050

59/100

High

ClimateCheck®

Current data

This property, 75 Hempstead Drive , experiences 11 significant 2-day storms per year, with about 310.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 385.1mm of precipitation per year.

Precipitation Per Storm

Past
310.1mm
2050
385.1mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 75 Hempstead Drive, Hamilton, Ontario, L8W 2Y6

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$127,014.47

Average Number of Children

1.96

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.47 %

High school certificate or equivalent

34.69 %

Apprenticeship trade certificate/diploma

6.47 %

College/non-university certificate

25.73 %

University Degree

15.63 %

Commuter

Travel To Work

By Car

90.36 %

By Public Transit

4.76 %

By Walking

1.62 %

By Bicycle

0.0 %

By Other Methods

3.26 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

Houses

99.98 %

Own Vs. Rent

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