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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$470,000
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
OWN an income generating business condo! Unit is currently being leased, revenue opportunity. This 3,750+/- square foot bay (including 1,350+/- square foot mezzanine) is fully built out. Complete with 8 offices, 2 conference rooms, 2 washrooms, kitchen and warehouse. The main floor features waiting area, 4 offices, conference room, 2 piece washroom and server room. Staircases at front and rear of bay allow for easy access. The second floor consists of 4 offices, meeting room, large kitchen (stove, microwave, dishwasher, fridge), waiting area and 2 piece washroom. Finishes include carpeted and tiled floors, stacked stone feature wall and coffered ceilings on main floor. The heated warehouse has a 12'x10' overhead door with man door access. Great location at the southeast corner of Golden Spike Road and Saskatchewan Avenue, allows for easy commutes to Edmonton, Stony Plain, Acheson, Parkland County, Nisku & Leduc. Condo fees $662+/-per month. Zoned M1 - General Industrial. Don't approach tenants. (id:39198)
Location
Province
Alberta
City
Spruce Grove
Address
#106 301 Saskatchewan Av
Postal Code
T7X3B5
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
3,750
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
$470,000
Asking Price
$470,000
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)
3,750
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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