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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,200,000
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
Prime industrial property available in Kitimat, BC! This 3.15-acre parcel of land offers tremendous potential. Zoned M3 for industrial use, it includes a spacious 4,100 sq. ft. shop on-site, complete with covered storage bays. Located just off the main access highway, this property provides excellent visibility and accessibility. This property presents an incredible opportunity to purchase the land alone or as a package deal with an established delivery transport business. The business has been successfully operating for 32 years and offers a solid foundation for future growth. Infrastructure is in place with septic and water onsite, making it ready for immediate use. The property also features office space for administrative needs. Additionally, both Phase 1 and Phase 2 environmental assessments have been completed. Whether you're looking for a land investment or seeking to expand your business, this property offers endless possibilities. Secure your future in Kitimat's thriving industrial sector. (id:39198)
Location
Province
British Columbia
City
Kitimat
Address
2131 Forest Avenue
Postal Code
V8C2G7
Location Highlights
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Listed by
Royal LePage Aspire Realty (Terr) 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
4,112
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
$2,200,000
Asking Price
$2,200,000
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)
4,112
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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