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Commercial 4 - Level Office Building / Parking Lot

Location  Ontario,Canada
Asking Price Range  $500K - $1.0M
Gross Revenues  $107000
Net Profit / Cash Flow  $107000
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  1963
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Owned
Reason for Sale  Estate sale

~$750,000. Subject parcel is located in a prime Kitchener area, along the proposed LRT line and near the pending transportation hub. Parcel for sale is a 50% Interest in 4-level commercial office building, and associated 20 space paved parking lot plus roadway near/in downtown Kitchener, Ontario. Good quality income stream, as currently leased by AAA tenant thru Dec. 2014 with potential for renewal. 10,193 sq.ft. Gross Potential Rental Income at current lease rate = $107,027 (aprx. $8919/mth) (*50% share=$4459/mth) Property taxes covered by tenant. Building: Was constructed in 1963, with an addition in 1980, and the building is in good condition. Location : 618 King St. W., Kitchener, On. Building is aprx. 10,450 sq.ft. (measured) situated on a 0.27acre site, including frontage of aprx 88 ft on King St W. Parking lot: Contracted for exclusive use by building's tenants. (Aprx. 20 spaces paved) Location 19-21 Moore Ave, Kitchener, On. Parking lot is 685 sq.metres (0.17acre) with aprx.51.14ft frontage on Moore Avenue. Included in lease rate. Zoning: Medium Intensity Mixed Use Corridor (MU-2) with Special Use Provision 401U. This zoning allows for a variety of uses. Gross Revenue quoted is for the entire lease; divide by 2 to get the dollar amount for the portion for sale. You will have an experienced partner who owns the remaining 50% of the parcel. Call: 519-746-8035 or 705-253-9752.

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