45-75 Frid Street & 180 Chatham Street

Notes

CB Metropolitan Commercial Ltd., is pleased to offer for sale a professionally managed flex industrial investment portfolio with present and future development potential, situated adjacent to the vaunted McMaster Innovation Park (MIP) near McMaster University. MIP is planning to develop a 2.8 million square foot Life Sciences ‘Mega Hub’.

The properties are situated at the junction of highway 403 and highway 8 (Main St W), in the Kirkendall North neighbourhood of Hamilton and are located minutes from McMaster University, downtown Hamilton and adjacent to a large historic residential district. The surrounding area has recently experienced significant revitalization, driven by the growth and influence of MIP.

The Property is designated within the City of Hamilton Official Plan as Industrial – Research and Development (M1) Zone which allow uses such as Office, Conference or Convention Centre, Hotel, Production Studio, Restaurant, Retail and Restaurant. This flex industrial portfolio offers a going-in CAP Rate of 5.4% with an opportunity for phased future redevelopment, making it a compelling investment opportunity. There is an immediate opportunity to develop a “approved” 100,097 SF self storage facility on excess severed land.

The Vendor will also consider selling the portfolio as separate parcels. Please contact the listing agents to discuss.