38 Haniak Road Oliver Paipoonge, Ontario P7K 0C7
$5,400,000
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. (id:49269)
Property Details
| MLS® Number | X14122604 |
| Property Type | Industrial |
| Community Name | Rosslyn Village |
| Amenities Near By | Highway |
| Features | Irregular Lot Size, Crane |
Building
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 38,201 Sqft |
| Utility Water | Drilled Well |
Land
| Acreage | Yes |
| Land Amenities | Highway |
| Sewer | Septic System |
| Size Depth | 1821 Ft ,9 In |
| Size Frontage | 172 Ft ,10 In |
| Size Irregular | 18.45 |
| Size Total | 18.45 Ac |
| Size Total Text | 18.45 Ac |
| Zoning Description | Pm1 (paipoonge Light Industrial Zone) |
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October 27 2026 10:39:47
Toronto Regional Real Estate Board
RE/MAX Realty Specialists Inc.