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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,550,000
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
North Richmond's most desirable location in Ikea area with easy access to highways. Good-looking concrete tilt-up strata. 2,995 sq.ft. end unit (1,574 sq.ft. on main + 1,421 sq.ft. permitted office up). Air-conditioned. New roof (2017), exterior paint, & upstairs windows. Ceiling heights: 18'7" clear in warehouse & 8'8" ground floor offices. 10' X 12' grade-loading door at rear. Two 2pc washrooms. 3 assigned parking + 1 loading bay (2 in front, 1 + LB in rear); loads of extra parking on Clarke Place & steps away from public transit. IB1 zoning; strata prohibits "automotive repairs, bodywork, or similar." (id:39198)
Location
Province
British Columbia
City
Richmond
Address
110 12830 Clarke Place
Postal Code
V6V2H5
Location Highlights
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Listed by
RE/MAX Westcoast 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
2,995
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
$1,550,000
Asking Price
$1,550,000
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)
2,995
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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