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$1.9M total
8,500 SF
Asset Class
Industrial
Size
8,500 SF
Building class
A
Zoning
IM — Medium Industrial
$ / SF
$223
Occupancy
84%
Clear height
28 ft
Loading docks
3
Perfectly-located M2 Zoning commercial property on highly visible Lancaster St W, one of Kitchener’s key arterial corridors connecting Downtown Kitchener, Bridgeport, and surrounding commercial districts. This multi-tenant commercial building has historically supported showroom, retail, service, and light industrial uses, offering excellent flexibility for a wide range of business operations. The property features strong street presence, excellent exposure, and consistent traffic flow, making it an ideal candidate for automotive-related uses, including car dealerships, specialty auto sales and could fit 60-70 veihicles total, or showroom-based businesses. The site configuration and frontage lend themselves well to vehicle display, customer parking, and easy ingress/egress, a rare combination along a corridor of this calibre. With two drive in doors and multiple man doors, the building offers adaptable interior layouts suitable for showroom space, offices, and back-of-house operations. The surrounding area is a well-established commercial node with ongoing reinvestment and redevelopment activity, enhancing long-term value and exposure. Ideal for owner-users, investors, or automotive operators seeking a prime location with high visibility, flexible usage potential, and proximity to major transportation routes. (id:66811)
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Monthly debt service
$9K
Projected NOI
$80K
Annual cash flow
$-25K
Cash-on-cash
-4.45%
DSCR
0.76
Going-in cap
4.21%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
| Tenant | Area | Expiry |
|---|---|---|
| Northbridge Logistics | 2,500 SF | 2033-09 |
| Northbridge Logistics | 1,620 SF | 2033-09 |
| Northbridge Logistics | 1,052 SF | 2033-09 |
| Northbridge Logistics | 1,986 SF | 2033-09 |
Trade area within 3 miles of the property.
Population
99,943
Households
34,689
Median income
$129,500
Median age
37.3
Daytime population
107,080
5-yr growth
2.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 40 W LANCASTER Street W, Kitchener.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.