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For Lease · Specialty

618 KING Street, Kitchener

618 KING Street, Kitchener, ON N2G1C8

$21 per sq ft / yr

6,442 SF

Asset Class

Specialty

Size

6,442 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$0

Occupancy

96%

About this property

Approx. 6,442 sq. ft. on the lower, main and second floors of a fully renovated building in Kitchener's Innovation District, with on-site parking, steps to the ION LRT and next to the Google campus. Turnkey today and easy to adapt - open it up or close it off for a dental or medical clinic, daycare, private school or tutoring, training centre, professional services firm, tech company, creative agency or showroom/retail user. Main-floor lounge opens to a private patio for clients, staff and events. Natural light throughout. Top floor not included. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$21
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-3.23%

DSCR

0.82

Going-in cap

4.57%

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
Cascade Foods Inc.3,483 SF2033-10
Cascade Foods Inc.1,517 SF2033-10
Cascade Foods Inc.659 SF2033-10
Cascade Foods Inc.499 SF2033-10

Area demographics

Trade area within 3 miles of the property.

Population

76,738

Households

34,863

Median income

$82,000

Median age

41.1

Daytime population

111,475

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 618 KING Street, 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.