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Industrial Property For Sale at 10302 123 Street in Grande Prairie, Alberta

4 Sale ID #112044
Updated 27 Apr 2024

Asking Price

$2,500,000

Cap Rate help 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

Investor Alert. This property is being sold with a strong lease in place with three years remaining on the term. The listing price includes the building and neighboring 2 acres which is also being lease for $4,000/month. The shop itself is sitting on 2 acres graveled and fenced. The building consists of 3 - 80' pull through bays, 7 ton crane, parts room with and overhead door, 6 offices and a reception area. The shop with the additional acres offer incredible value to any investor as it backs onto the airport and provides great exposure for any business. Call your Commercial Realtor© for more information or to book a showing today. (id:39198)

  • MLS® : #A2010806
  • Date Listed : 07 Nov 2022

Location

Province

Alberta

City

Grande Prairie

Address

10302 123 Street

Postal Code

T8V8B8

Location Highlights

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Listed by

RE/MAX Grande Prairie Alberta listing

Category

industrial-properties

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

7,900

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$2,500,000

Asking Price

$2,500,000

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

7,900

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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