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Industrial Property For Sale at 1661 Alberni Hwy in Errington, British Columbia

4 Sale ID #176827
Updated 29 Apr 2024

Asking Price

$15,960,000

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

INVESTOR ALERT: 40 ACRES OF INDUSTRIAL LAND RIPE FOR SUBDIVIDING OR A ONE USE OWNER. LOCATED HALF AN HOUR FROM NANAIMO AND PORT ALBERNI, MINUTES FROM PARKSVILLE. THIS FLAT PIECE OF PROPERTY HAS AN OLD HOUSE, NOT CONNECTED TO POWER, PLUS A GOOD OUTBUILDING. ACCESS IS FROM ALBERNI HWY, BUT LEGAL ACCESS WILL BE FROM SPRINGHILL ROAD. 3 PHASE POWER IS ON SPRINGHILL ROAD OR OLD ALBERNI HWY,HIGHWAY 4A. ZONED INDUSTRIAL 1 ALLOWS FOR 5 ACRE LOTS WITH VARIOUS USES (id:39198)

  • MLS® : #947364
  • Date Listed : 31 Oct 2023

Location

Province

British Columbia

City

Errington

Address

1661 Alberni Hwy

Postal Code

V9P2B8

Location Highlights

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Listed by

RE/MAX of Nanaimo 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

0

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

$15,960,000

Asking Price

$15,960,000

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)

0

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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