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For Lease · Specialty

618 KING Street, Kitchener

618 KING Street, Kitchener, ON N2G1C8

$21 per sq ft / yr

10,360 SF

Asset Class

Specialty

Size

10,360 SF

Building class

A

Zoning

US — Urban Services

$ / SF

$0

Occupancy

88%

About this property

Your own building in Kitchener's Innovation District. Approx. 10,360 sq. ft. of fully renovated, move-in-ready space with on-site parking, steps to the ION LRT and next to the Google campus. A flexible layout that can stay open or be closed off to suit a wide range of users: dental or medical clinic, daycare, private school or tutoring, training centre, law or accounting firm, engineering or architecture practice, tech company, creative agency, coworking operator, corporate head office or main-floor showroom/retail. Main-level lounge opens to a private patio for clients, staff and events. High exposure and natural light throughout. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$21
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-4.50%

DSCR

0.76

Going-in cap

4.19%

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
Aurora Legal LLP6,336 SF2034-07
Aurora Legal LLP1,943 SF2034-07
Aurora Legal LLP599 SF2034-07
Aurora Legal LLP400 SF2034-07

Area demographics

Trade area within 3 miles of the property.

Population

65,128

Households

23,564

Median income

$80,000

Median age

45.4

Daytime population

96,753

5-yr growth

7.4%

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.