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$16
1,061 SqFt
UPDATED:
11/20/2024 12:41 AM
Key Details
Property Type Commercial
Sub Type Retail,Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 1,061 sqft
MLS Listing ID 40678956
Abv Grd Liv Area 1,061
Originating Board Waterloo Region
Annual Tax Amount $17
Lot Size 5.779 Acres
Acres 5.779
Property Description
The Station Park Building Located in Kitchener is a prime retail location situated in a rapidly growing urban Centre. Station park offers retailers a modern, vibrant space, designed to complement the areas blend of historical charm and forwards thinking urban developments attracting a mix of locals, professionals and visitors to its retail spaces.
*IMPORTANT* - This listing is being marketed at a reduced asking price to support the retail businesses that consider opening here with tiered rent structure while the master planned development is taking place. Current asking net rent is $14.00 - $16.00 / sq ft.(2025-2027) Once Phase 2 of the project is completed, (2028-2029) the net will escalate to $26.00-$28.00 /sq ft. Upon the full project completion, (2030+) net rents will set up to a fair market rate of $40.00 - $42.00 / sq ft.
*IMPORTANT* - This listing is being marketed at a reduced asking price to support the retail businesses that consider opening here with tiered rent structure while the master planned development is taking place. Current asking net rent is $14.00 - $16.00 / sq ft.(2025-2027) Once Phase 2 of the project is completed, (2028-2029) the net will escalate to $26.00-$28.00 /sq ft. Upon the full project completion, (2030+) net rents will set up to a fair market rate of $40.00 - $42.00 / sq ft.
Location
Province ON
County Waterloo
Area 3 - Kitchener West
Zoning Commercial
Direction Wellington St/ King St
Rooms
Basement None
Kitchen 0
Interior
Fireplace No
Exterior
Garage No
Building
Lot Description Other
Faces Wellington St/ King St
Story 18
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 18
New Construction No
Others
Senior Community false
Tax ID 237540790
Ownership Freehold/None
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Listed by CBRE LIMITED
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