| Message Number | 390990 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| status | Sold | ||||||||
| Subject Line | (SOLD) Multi-Tenant Building For Sale - KITCHENER. Over 7% Cap Rate at asking.
18,200 SF building - $2,450,000 | ||||||||
| Business area |
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| Have/Want | Have | ||||||||
| Business category | Net Leased Investment | ||||||||
| Date of Listing | July 31 2020 | ||||||||
| Type Description | Flex Industrial Building For Sale | ||||||||
| Location | Kitchener | ||||||||
| Price | $2,450,000.00 | ||||||||
| Building area | 18200 | ||||||||
| Building Area Comment | 400 Meters to LRT stop | ||||||||
| Site area | 0.78 Acres | ||||||||
| Zoning | E1 | ||||||||
| Gross Income | $243k | ||||||||
| Net Income | $180K | ||||||||
| Cap Rate | 7.34% | ||||||||
| Comments | � 20 different Leasable Areas with a great tenant mix
� Over 7.25% Cap Rate at Asking � Phase 3 Power on Site � Owner User or Investment Play For Sale - Multi-Tenant flex space with ~20 Various Tenants. Each tenant occupies their own space with bathrooms, and hallways being common space. Located just out side of Downtown Kitchener, 300 meters to an LRT Station makes the already demisable space easy to ll any vacancy in the future. This property achieves a great return with the current owner willing move or sign a longer lease for their space, (4,000 SF) and willing to continue management if desired. 2% increase on Leases each year already built in. | ||||||||
| Internet Links | |||||||||
| Member Identifier | 10649 | ||||||||
| Name | Eric Frey, BCOM | ||||||||
| Title | Commercial Sales - Multi-Family | ||||||||
| Company Name | Coldwell Banker Peter Benninger Realty, Brokerage | ||||||||
| Address Line One | 508 Riverbend Drive | ||||||||
| City | Kitchener | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | N2K 3S2 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (519)743-5211 | ||||||||
| Cell Number | 5197293739 | ||||||||
| FAX Number | 5197438009 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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