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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$971,750
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
1.69 Acre multi-family building site in the very popular-strategically located Iron Gate subdivision-Sylvan Lake. Ready to build on-this 1.69 acre multi-family site has all services to the property line and is ready for development. The property fronts onto 1 Irvin Way, is surrounded by a paved lane way on three sides, and backs onto the 7.98 acre commercial development site. An incredible site for an apartment, adult living or townhomes. There are numerous homes under construction in this subdivision and an existing commercial development in Iron Gate. The surrounding area is Sylvan Lakes main shopping area with all amenities with in walking distance including Wal-Mart, Canadian Tire, Sobey's, no frills, restaurants, medical and more. (id:39198)
Location
Province
Alberta
City
Sylvan Lake
Address
1 Irvin Way
Postal Code
T4S0V3
Location Highlights
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Listed by
RCR - Royal Carpet Realty Ltd. Alberta listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
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Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$971,750
Asking Price
$971,750
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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