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MLS® X14122604
Thunder Bay, ON
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.
Exclusions
All Tenant-Owned Equipment, Machinery, Inventory, Vehicles And Trade Fixtures.
Broker
RE/MAX REALTY SPECIALISTS INC.
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Investment
38 Haniak Road Thunder Bay
Thunder Bay
Type
Investment
Parking
Outside/Surface
Property Tax
~$101,381/yr
Heating
Gas Forced Air Closed
Buying Essentials
Square Feet
38201 sqft
Parking
Outside/Surface
Finances
List Price
$5,400,000
Price per SQFT
$141/sqft
Property Tax
~$101,381/yr
Property Specs
Property Type
Investment
MLS Size
38201 sqft
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
Thunder Bay
Listed On
Oct 27, 2026
Major Highway
Days on Market
Current: 11 days
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