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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$12,000,000
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
Builders or Investors. 52,444 sqft holding property pending redevelopment of the site. Original owner. 1st time on the market. One of the most desirable locations in Richmond. Just east of No 3 Rd in the Broadmoor/Lucas area. The property known as Laddy Court consists of 5 Duplexes for a total of 10 units, well maintatined with upgrades over the years. All currently tenanted on month to month basis. Please do not enter the property without appointment and do not disturb tenants. Amazing opportunity for the right buyer. (id:39198)
Location
Province
British Columbia
City
Richmond
Address
8011 Lucas Road
Postal Code
V6Y1G2
Location Highlights
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Listed by
Sutton Group-West Coast Realty British Columbia 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
52,444
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
$12,000,000
Asking Price
$12,000,000
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)
52,444
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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