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Industrial Property For Sale at 15104 700 Shawnigan Lake Rd in Shawnigan Lake, British Columbia

4 Sale ID #191618
Updated 05 May 2024

Asking Price

$639,000

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

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)

  • MLS® : #950216
  • Date Listed : 02 Jan 2024

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

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

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 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

$639,000

Asking Price

$639,000

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)

2,800

Other Information

Owner willing to Finance

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Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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