For Lease · Office

3 - 4553 KING STREET E, Kitchener

3 - 4553 KING STREET E, Kitchener, ON N2P2G2

$35 per sq ft / yr

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Asset Class

Office

Size

—

Building class

C

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

95%

Lot Size

1.05 ac

About this property

Exceptional Opportunity To Lease 2,000 SF Within A 13,945 SF Freestanding Building On High-Traffic King Street East, With Approximately Half Of The Building Occupied By Aveltha Medical Centre. Ideally Suited For A Pharmacy Or Complementary Medical User, This Space Offers An Opportunity To Establish Or Expand Alongside Medical Professionals, Bringing Added Convenience To Patients Seeking Care And Related Services Under One Roof. Ample On-Site Parking, Easy Access Directly From King Street East, And Public Transit Across The Street Make Every Visit Convenient. Benefit From Excellent Street Exposure, Strong Daily Traffic Flow, And Zoning That Accommodates A Broad Range Of Medical And Healthcare Uses. Situated Within A Well-Established Commercial Hub Near Sky Zone Trampoline Park, The Home Depot, And Costco, With Nearby Amenities Including Starbucks, Wendy's, And Chuck's Roadhouse. Built In 2006, The Building Features 13' Clear Height Under Joists, 12' Under T-Bar Ceiling, Polished Concrete Floors, And 200 Amp / 600 Volt Electrical Service. Convenient Access To Highway 401 Via Nearby On/Off Ramps Completes This Highly Visible And Accessible Location, Positioned To Serve Both The Medical Centre And The Surrounding Community. (id:66811)

Financial sandbox

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Estimate
Purchase price$35
Down payment30% · $11
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$-0

Cash-on-cash

-1.09%

DSCR

0.94

Going-in cap

5.21%

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.

Area demographics

Trade area within 3 miles of the property.

Population

121,984

Households

56,036

Median income

$89,000

Median age

45.2

Daytime population

172,817

5-yr growth

8.9%

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

Secure deal room

Confidential diligence documents for 3 - 4553 KING STREET E, 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.