7% Cap Rate - Fully Leased, historic Income producing property located in the heart of Downtown Kitchener. Built in 1908, spanning 4 floors this multi Tenant property has been fully improved. All mechanical, electrical, fire rating, windows, roof and life safety systems have been modernized. The building is anchored by “Maxon”, a division of Nemetschek Group. A German based software vendor with a market capitalization of over $14B and yearly revenue over $1.1B. Maxon specializes in 3D modelling, animation and rendering software. They have invested heavily in the building with their Tenant improvements. The main floor retail Tenant Tamasha Resto Bar is a successful operation that exists in Toronto. They have a track record being professional operators and have created a unique experience combining Indian Fusion with entertainment. The NOI is $241,441.00. Current Lease expiries are Dec 31, 2028 for the Anchor Tenant Maxon and Aug 31, 2029 for Tamasha Resto Bar.
WHITNEY & COMPANY REALTY LIMITED
$3,500,000
41 King Street W, Kitchener, Ontario
0 Bedrooms
Property
MLS® Number: 40676991
Address: 41 King Street W
City: Kitchener
Lot Size: 159.12ft x 25.14ft
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Property Sale History
Travel and Neighbourhood
99/100Walk Score®
Walker's Paradise
Location
