Saint John Commercial Real Estate

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121 PADDY’S HILL

121 Paddy’s Hill Drive, Saint John, NB (Spruce Lake Industrial Park)

Well-Maintained Lot with Two Industrial Buildings

Main industrial building comprised of 6,920 sf
4,000 sf complementary quonset building
Four (4) x 16’ h X 14’ w overhead doors.
One (1) 16’ h X 12’ w overhead door.

Situated on the southerly side of Paddys Hill Drive and the newly developed area of the park, the high topography and well-maintained lot sets this property apart from the existing structures. Suited to an industrial single-use tenant seeking grade level access, exterior storage areas and the potential for fenced compounds.

  • PIDs Portion of 55200919
  • LOT SIZE: +/- 5 acres included in sale/lease
  • ZONING IH – Heavy Industrial

OFFERING TERMS:

  • OFFERING PRICE $995,000
  • LEASE RATE:  RENT $7.00 psf (NNN)

OPERATING COSTS

The lease shall be a net lease to landlord, with the landlord only responsible for repairs of a capital or structural nature. The tenant is responsible for all operating costs including building insurance, utilities, property taxes, heating and cooling costs, repairs and maintenance, and taxes.

*Based on parent property assessment. The taxes have not been adjusted in consideration of the smaller hypothetical proportion of lot. If subdivided taxes are pressumed to be lower on the basis of area.

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