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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,650,000
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
Unique opportunity to purchase a cash-flowing updated apartment building at an approx. 7% CAP in Canada's strongest economic region - home to both BC Hydro's Site C Dam and Shell's LNG Canada project - combined at nearly $100,000,000,000 in project costs! Great residential downtown location within walking distance to all major amenities (schools, shopping, entertainment) makes demand for these buildings strong year round. Pinewood A and B comprise a total of 42 suites, 2 Bachelor, 18 One Bedroom Units and 22 Two Bedroom Units. Coin operated laundry on each floor and several upgrades including on demand hot water heat and furnaces. Roofs are in good shape and many of the units have seen renovations. Currently 5 of the suites are operated as furnished rentals. This property is professionally managed and ready to perform in your portfolio. * PREC - Personal Real Estate Corporation (id:39198)
Location
Province
British Columbia
City
Fort St. John
Address
8920 86 Street
Postal Code
V1J5Z6
Location Highlights
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Listed by
eXp 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
46,500
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
$3,650,000
Asking Price
$3,650,000
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.
N/A
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)
46,500
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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