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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$6,398,000
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 32.91 acre industrial property with a state of the art 19,500 square foot facility in Lumby. I2 Light Industrial zoning. Municipal water and sewer with 3 phase 600v power. Main floor is improved, the second floor has steel internal framing only. The approximate building cost was eight million dollars. There is a large fenced compound attached in the 4.5 acre portion attached to this building. The remaining 28.41 acres has light industrial potential with a subdivision application in process. The land may be affected by a flood plain with no recent evidence of such. The main floor is built to food and pharma graded specs with Good Manufacturing Practices (GMP) for export to Europe. All interior walls are finished with mag board sheathing on steel studs. Emergency power switching installed. Wired for camera, security, and wifi. East facing aluminum floor to ceiling windows in the two storey main entry with an impressive open tread staircase. There is air conditioning and a dehumidification system. (id:39198)
Location
Province
British Columbia
City
Lumby
Address
1837 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
19,500
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
$6,398,000
Asking Price
$6,398,000
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)
19,500
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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