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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,185,000
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
This is an assignment sale. A unique opportunity in the Red Hill Business Park: a state-of-the-art, 3030sqft sqft industrial condo unit. 2550 sqft of industrial with 480 sq ft mezzanine. M3 zoning accommodates a variety of uses. This modern-designed unit features optimal 24ft ceiling heights and large 12x12ft bay doors, along with 2 dedicated parking spaces. Project completion expected in September 2024. The current construction stage still allows for the potential to finish mezzanine throughout the full unit to maximize space efficiency. M3 zoning supports a wide range of uses, offering flexibility and ideal investment opportunity. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
24 Ditton Drive|unit #5
Postal Code
L8W0A9
Location Highlights
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Listed by
RE/MAX Escarpment Realty Inc. Ontario 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
3,030
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
$1,185,000
Asking Price
$1,185,000
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)
3,030
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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