105 Glasgow StKitchener, Ontario, N2G4X8

Description:

Kitchener, Ontario. 64,566 sf heavy industrial building on 3.95 acres. Includes 7,220 sf finished office. Various bay sizes and ceiling heights. Last addition in 1973 when 14,700 sf bay with 40ft clear ceiling was built. One 20 ton, one 10 ton and one 6 ton are in this bay. One acre of parking. Guard station. Well maintained. No significant environmental issues. Was part of former Uniroyal tire plant. Entire site of 52 acres was tested over 10 years ago. Current tenant has been there for 15 years. Many cranes from 1/4 ton to 20 ton plus jibs.

Only $26.33 psf at $1,700,000. If leased for $3.50 psf would represent a Cap rate of over 13%. Call or email me to discuss. Thanks.

Listing Agent: Howard MacDonald