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$ 1,250,000

1040 Gardiners Rd, Kingston, ON, K7P 1R7

Listing ID# 360860053
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$ 1,250,000

  • 1040 Gardiners Rd
    Kingston, ON K7P 1R7
  • Listing ID 360860053
  • Building type: Professional Office(s)
  • Land size: 186 X 150`
  • Living space: 5-10 sq ft
  • Status: For Sale/Active
  • Days on Market: 51
  • Tax Year: 2017
  • Taxes: $25,535.00
  • Age of Building: 21-25
  • Parking Drive: Paved
  • Drive: Paved
  • Heating: Heat Pump
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Property Description

Outstanding and rare opportunity in this free standing office building. Located in the prime visibility and traffic corner of Gardiners Road and O`Conner 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.




Features

  • parking
1040 Gardiners Rd, Kingston, ON
Professional Office(s)
1040 Gardiners Rd
Kingston
Listing courtesy of RE/MAX FINEST REALTY INC.
$1,250,000
  • 5-10 sq ft
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#I - 1040 Gardiners Rd, Kingston, ON
Professional Office(s)
#I - 1040 Gardiners Rd
Kingston
Listing courtesy of RE/MAX FINEST REALTY INC.
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#H - 1040 Gardiners Rd, Kingston, ON
Professional Office(s)
#H - 1040 Gardiners Rd
Kingston
Listing courtesy of RE/MAX FINEST REALTY INC.
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#D - 1040 Gardiners Rd, Kingston, ON
Professional Office(s)
#D - 1040 Gardiners Rd
Kingston
Listing courtesy of RE/MAX FINEST REALTY INC.
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#F - 1040 Gardiners Rd, Kingston, ON
Professional Office(s)
#F - 1040 Gardiners Rd
Kingston
Listing courtesy of RE/MAX FINEST REALTY INC.
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#B - 1040 Gardiners Rd, Kingston, ON
Professional Office(s)
#B - 1040 Gardiners Rd
Kingston
Listing courtesy of RE/MAX FINEST REALTY INC.
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755 Division St, Kingston, ON
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755 Division St
Kingston
Listing courtesy of RE/MAX FINEST REALTY INC.
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