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Suite of tools & services
Benefits
Asking Price
$1,748,000
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
A level 2.7 acre industrial property with a massive 32,000 square foot open sided steel building with a six inch thick concrete floor. Situated in the Village of Lumby near Vernon. Approximately 55 feet clear to the bottom of the trusses. There is a five ton crane with approximately a 130 span running the full length of the building. 600 Volt Three Phase power comes from a small concrete block building adjacent, this building is 19 by 68 . The site was formerly used to build log homes. Lot 2 fronting on Shuswap Avenue is also offered for sale to provide more frontage on Shuswap Avenue. There is a paved access slightly onto the subject property between the Firehall and the fire hydrant (id:39198)
Location
Province
British Columbia
City
Lumby
Address
1825 Shuswap Avenue
Postal Code
V0E2G0
Location Highlights
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Listed by
RE/MAX Vernon 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
32,000
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
$1,748,000
Asking Price
$1,748,000
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)
32,000
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
N/A
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