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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,150,000
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
Properties like this one are few and far between. This one of a kind property sits on 0.344 of an acre and is home to a fabulous shop only a few years old. Consisting of a shop area of 2600 sq ft and an office are boasting an additional 760 sq ft this opportunity is not often seen in the busy Industrial area of Kitimat. The office space consists of a welcoming front desk/reception room with plenty of work space for two office attendants as well as a private office located adjacent to the reception area. The office side also has a cozy lunch room and washroom. The warehouse or shop side consists of 2600 sq ft of space which is suitable for a multitude of possibilities. Use it for storage, run your shop out of it, lease it our to generate income. The options are endless and the space is extremely clean both inside and out. The property is partially fenced and has two insulated storage units (8x40) located on the lot that have power to them. Full list of inclusions available through Listing Agent. (id:39198)
Location
Province
British Columbia
City
Kitimat
Address
169 7th Street
Postal Code
V8C2C4
Location Highlights
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Listed by
RE/MAX Kitimat Realty 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
3,320
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
$1,150,000
Asking Price
$1,150,000
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)
3,320
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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