501 KRUG Street Unit# 106, Kitchener — photo 2

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For Lease · Office

501 KRUG Street Unit# 106, Kitchener

501 KRUG Street Unit# 106, Kitchener, ON N2B1L3

$16 per sq ft / yr

1,045 SF

Asset Class

Office

Size

1,045 SF

Building class

Zoning

CO — Commercial Office

$ / SF

Occupancy

92%

About this property

Nicely finished, bright main floor office/retail space for lease. Currently set up as a photography studio with 2 large rooms, 3 small offices, a reception and bathroom. Skylights add natural light. Possible to add another 350 sq ft. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$16

Down payment30% · $5

Interest rate6.25%

Amortization25 years

Occupancy92%

Expense growth2.5%

Monthly debt service

Projected NOI

Annual cash flow

Cash-on-cash

0.70%

DSCR

1.04

Going-in cap

5.75%

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	Suite	Area	Rent / SF	Expiry
Vector Robotics	440	546 SF	$30.27	2032-08
Vector Robotics	430	400 SF	$30.39	2032-08
Vector Robotics	430	400 SF	$30.03	2032-08
Vector Robotics	430	400 SF	$30.15	2032-08

Area demographics

Trade area within 3 miles of the property.

Population

118,739

Households

45,787

Median income

$68,000

Median age

38.3

Daytime population

153,704

5-yr growth

5.6%

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

Secure deal room

Confidential diligence documents for 501 KRUG Street Unit# 106, 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.