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Benefits
Asking Price
$639,000
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 space and good price await you at the Malahat Industrial Center location. The unit is 13 years old and features a total of around 2800 sq ft with 1425 sq ft on the main and another 1375 (approx) up. The main floor is 9' ceilings and is presently used for manufacturing and product storage. The second floor has some more storage and space for offices and a lunch room if need be. The unit comes with 200amp 3 phase power, 2 pce bathroom, 14' loading door, a front man door, a back man door, plus street signage, The property is zoned light industrial I-1A which offers a wide variety of uses. Quit paying a landlords mortgage and pay yourself. Located only 10 minutes from Langford this will sell fast...equivalent unit in Langford is over 800k... Adjacent unit (15015) is also for sale and may be bought together and share a common wall to have double the space (id:39198)
Location
Province
British Columbia
City
Shawnigan Lake
Address
15104 700 Shawnigan Lake Rd
Postal Code
V0R2L0
Location Highlights
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Listed by
Pemberton Holmes - Cloverdale 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
2,800
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
$639,000
Asking Price
$639,000
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)
2,800
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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