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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,500,000
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
Great INVESTMENT property! Opportunity for owner occupied user. Located just blocks off of Highway 16A in Spruce Grove's Shep Industrial Park. This 3+/- acre property has two buildings with both office and shop space leased as well as gas station lease in place. The north building has office/retail space on main and second floors with several bays of shop space at rear of the building. Shop space has a total of 10 overhead doors and a man door to access each unit as well. The south building has 11 overhead doors and a man door at front and rear of each bay. Lots of room for additional parking between the buildings. Overhead doors are 14 feet high. Tenants include retail, professional, personal services and industrial use. Zoned M1 - General Industrial. (id:39198)
Location
Province
Alberta
City
Spruce Grove
Address
104 South Av
Postal Code
T7X4G3
Location Highlights
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Listed by
Royal LePage Noralta Real Estate 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
28,340
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
$5,500,000
Asking Price
$5,500,000
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)
28,340
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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