1/45575 RIVERBEND Drive, Kitchener
575 RIVERBEND Drive, Kitchener, ON N2K3S3
$7.0M total
37,000 SF
Asset Class
Office
Size
37,000 SF
Building class
C
Zoning
CO — Commercial Office
$ / SF
$189
Occupancy
91%
Lot Size
3.304 ac
About this property
37,000sf OFFICE BUILDING LOCATED BETWEEN 2 HWY EXITS. EXPRESSWAY VISABILITY. Drive-in door onsite. Ideal for Research and Development, Office/Industrial, Tech, Computer electronic and data processing, Lab, certain manufacturing, logistics and transportation possibilities. Additional – Potential for 30,000sf Office or 40,000sf Industrial expansion on the property. 5 minutes to Waterloo, 15 minutes to Guelph and Cambridge. 5/1000 parking. Other uses include - sales center, restaurant, fitness center, yoga studio, printing or publishing establishment, general office users, professional office user plus a variety of Industrial uses. High profile and attractive office building in the Riverbend office node. This attractive gleaming-glass building provides an open floor plan and abundance of natural light. Easy access for employees to be close to restaurants and coffee amenities. Ample onsite parking and an elevator in the building. Scenic views are sure to impress anyone who chooses to make this their future work space. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$32K
Projected NOI
$391K
Annual cash flow
$3K
Cash-on-cash
0.17%
DSCR
1.01
Going-in cap
5.59%
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)
| Tenant | Area | Expiry |
|---|---|---|
| Cascade Foods Inc. | 33,559 SF | 2030-02 |
Area demographics
Trade area within 3 miles of the property.
Population
91,286
Households
35,322
Median income
$107,500
Median age
31.4
Daytime population
92,023
5-yr growth
5.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 575 RIVERBEND Drive, 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.