Property Details

1040 Gardiners Rd, Kingston Ontario, K7P1R7

1040 Gardiners Rd, Kingston Ontario
Representative
Team Kevin
Sales Respresentatives
RE/MAX Finest Realty, Brokerage - Kingston
Cell: 613-539-2120
Tel: 613-389-7777

$1,250,000 - For sale

MLS®:360860053

Outstanding and rare opportunity in this free standing office building. Located in the prime visibility and traffic corner of Gardiners Road and OConner Drive, Kingston west side 2 minutes south of highway 401. The building contains 8,500 square feet of rentable space over 2 floors plus interior foyer, washrooms, and hall ways. 6 of the units are in the 1,000 sq. ft range with 4 smaller units. There is ample parking for staff and visitors. The current tenants are in the financial, insurance and management categories; on long term leases with escalation rent. Tenants pay their own metered power, heat and A/C. Leases are triple net; plus 2017 common costs are $6 per sq. ft. Fully leased this building can gross some $150,000 and achieve a cap rate of 8%. This building has been humming along fully rented by the current owner for nearly 20 years however the time has come to move on. The perfect buyer will continue as owner occupied and take one of the larger vacant units.

Property Details
  • Property Type:Business
  • Lot Size:186 X 150'
  • Acreage:186 X 150'|1/2 - 1 acre
  • Access:Highway access
Structure Details
  • Structure Style:Offices
  • Heating Type:Heat Pump
Amenities Corner Site
Representative
Team Kevin
Sales Respresentatives
RE/MAX Finest Realty, Brokerage - Kingston
Cell: 613-539-2120
Tel: 613-389-7777
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Listing Office: RE/MAX FINEST REALTY INC., BROKERAGE

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1040 GARDINERS RD, KINGSTON, Ontario

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Outstanding and rare opportunity in this free standing office building. Located in the prime visibility and traffic corner of Gardiners Road and OConner Drive, Kingston west side 2 minutes south of highway 401. The building contains 8,500 square feet of rentable space over 2 floors plus interior foyer, washrooms, and hall ways. 6 of the units are in the 1,000 sq. ft range with 4 smaller units. There is ample parking for staff...

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