For Lease · Industrial

6 - 141 HICKSON AVENUE, Kingston (East of Sir John A. Blvd)

6 - 141 HICKSON AVENUE, Kingston (East of Sir John A. Blvd), ON K7K2N7

$12.15 per sq ft / yr

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

83%

Lot Size

1.1 ac

Clear height

34 ft

Loading docks

12

About this property

Unit 6 at 141 Hickson Avenue offers approx. 3,006 sf of industrial space with a drive-in bay of approx. 12'4" H x 10'6" W. Two finished offices overlooking the space are also available at additional cost. The building combines industrial and office space under one roof while its central Kingston location gives quick access to local arterials and transit, with Highway 401 and the Waaban Crossing close by. From the 401, Ottawa, Montreal and the GTA are all within easy reach. Zoned M3, permitting a broad range of industrial uses including manufacturing, warehousing and trade or contractor operations, among others. Net rent $12.15/sf, plus additional rent of approx. $3.91/sf. (id:66811)

Financial sandbox

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Estimate
Purchase price$12
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

4.30%

DSCR

1.23

Going-in cap

6.83%

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

80,104

Households

30,201

Median income

$95,500

Median age

31.7

Daytime population

78,067

5-yr growth

4.7%

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

Secure deal room

Confidential diligence documents for 6 - 141 HICKSON AVENUE, Kingston (East of Sir John A. Blvd).

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.