38 Haniak RD, Thunder Bay, ON P7K 0C7
38 Haniak RD, Thunder Bay, ON P7K 0C7
38 Haniak RD, Thunder Bay, ON P7K 0C7
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Christine Domina

Christine Domina

Christine Domina - Real Estate Smarts

+1(416) 873-4747
$5,400,000
Est. payment /mo
38,201 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 38,201 sqft

Price per Sqft $141

Subdivision Rosslyn Road

MLS Listing ID X14122604

Annual Tax Amount $101,380

Tax Year 2026

Lot Size 18.450 Acres

Property Sub-Type Investment

Property 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.

Location

Province ON

County Thunder Bay

Area Thunder Bay

Interior

Cooling No

Exterior

Community Features Major Highway

Utilities Available Yes

Lot Frontage 172.85

Lot Depth 1821.8

Others

Security Features No

ParcelsYN No

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Listed by RE/MAX REALTY SPECIALISTS INC.

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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor License ID: 9603994

Realtor License ID: 9603994

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