For Lease · Office

508 RIVERBEND Drive Unit# 1 A-C, Kitchener

508 RIVERBEND Drive Unit# 1 A-C, Kitchener, ON N2K3S2

Price on request

409 SF

Asset Class

Office

Size

409 SF

Building class

C

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

91%

About this property

** Your Sandbox Co-Working Space, Prime Commercial Space for Lease ** Unlock the potential of your business in this exceptional 409 sq ft office space located on the 2nd floor of the vibrant Your Sandbox Co-Working environment. Designed for productivity and creativity, this corner office is the perfect setting for entrepreneurs, freelancers, and small teams looking to thrive in a collaborative atmosphere. Enjoy a well-thought-out layout that seamlessly incorporates 2 workstations and a separate office area, optimizing your workspace for efficiency and comfort. Large windows flooding the space with natural light. 24/7 security, ensuring peace of mind and safety for you and your team. The property boasts ample surface parking, making it easy for you, your employees, and clients to access your office without hassle. Many onsite amenities including meeting rooms, 100 seat theatre with full audio/visual system, golf simulator, a videocasting area and fitness centre! Become part of a dynamic community at Your Sandbox, where networking opportunities abound, and collaboration flourishes. Share ideas, innovations, and experiences with like-minded professionals in an inspiring and supportive environment. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics400 SF2028-01

Area demographics

Trade area within 3 miles of the property.

Population

136,491

Households

58,482

Median income

$64,500

Median age

37.4

Daytime population

140,099

5-yr growth

1.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 508 RIVERBEND Drive Unit# 1 A-C, Kitchener.

NDA required
  • 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.