Oliver Paipoonge, ON
38 Haniak Road
$5,400,000
Data last updated Oct 30, 2026, 9:30 a.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $5,400,000
- Type
- investment
- Bedrooms
- 0
- Bathrooms
- 0
- Size
- 38,201 sq ft
- MLS®
- X14122604
- Status
- active
- Brokerage
- RE/MAX REALTY SPECIALISTS INC.
About this home
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
More details
- Property tax
- $101,381 (2026)
- Days on market
- 4
- Style
- Industrial
- Lot
- 172.85 × 1821.8 Feet
- Parking
- Outside/Surface
- Heating
- Gas Forced Air Closed
- Air conditioning
- No
- Major intersection
- ARTHUR STREET W & HWY 130
Details from PropTx (TRREB MLS®) via Repliers. Information deemed reliable but not guaranteed.