$5,400,000
( $141.36Per Sq Foot )
 $28,988 est/mo Sourced by Back At You

38 Haniak Road,Thunder Bay, ON P7K 0C7

Thunder Bay, ON P7K 0C7

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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.

Details

MLS #X14122604
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site8
Listing Provided ByRE/MAX REALTY SPECIALISTS INC. | X14122604 495313

Features

SQ Feet38,201
Acreage0.88

Interior

CoolingNo

Exterior

Community FeaturesMajor Highway
Security FeaturesNo

Utilities

UtilitiesYes
SewerSeptic

Taxes

Tax Annual Amount101380.76
Tax TypeAnnual
Tax Year2026

Area Information

ProvinceON
CountyThunder Bay
CityThunder Bay
Postal CodeP7K 0C7
AreaRosslyn Road
Listing VS Median (in P7K 0C7)
Price:
$5,400,000
low | high
Med:
$5,400,000
50% of Average
sqft:
38,201
low | high
Med:
38,201
50% of Average
$ / sqft:
$141
low | high
Med:
$141
50% of Average
On site:
8
low | high
Med:
8
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

VIDYA SOOKDEO

VIDYA SOOKDEO

Coldwell Banker The Real Estate Centre

 (647) 573-19541vsookdeo@gmail.com
ProvinceON
CountyThunder Bay
CityThunder Bay
Postal CodeP7K 0C7
AreaRosslyn Road
Listing VS Median (in P7K 0C7)
Price:
$5,400,000
low | high
Med:
$5,400,000
50% of Average
sqft:
38,201
low | high
Med:
38,201
50% of Average
$ / sqft:
$141
low | high
Med:
$141
50% of Average
On site:
8
low | high
Med:
8
100% of Average
Sourced by Back At You
Listing Updated: November 3, 2026 at 4:57:09 PM PST