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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,500,000
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
Amazing 28,000+ square foot Industrial Building in Burnt Lake Business Park! This 2014 built building was built to the highest standards available. with over 14,000 square feet of stunning office space and 5944 square feet of Heavy Duty Shop Space and 7461 square feet of Light Duty Shop and Wash Bay Space. The frame of the building was built with steel and precast concrete tilt-up 9" Sandwich Panels~ Polished Concrete Flooring throughout the main floor and upstairs office space~ all offices with Glass Doors~ Full Board Room~ Full Training Center~2 Kitchens~7 Bathrooms + 3 with showers~ Light Shop area with 7 overhead doors~ 2 Heavy Shop areas with 6 overhead doors including 2 - 20'x20' Overhead Doors~ 600 Amp Main Service - 600 Volt ~Three Phase-4 Wire-Multi Panels with 2 Transformers~2 HWT's and 2 Boilers~ Fire Alarm System~ Security System~ Wash Bay~ Service-Repair Pit~ Water Storage-Holding Tanks and Water Treatment System. All of this is on two separately titled 3.01 acre lots! Original build cost was $6M. (id:39198)
Location
Province
Alberta
City
Red Deer
Address
240 Burnt Park Way
Postal Code
T4S2L4
Location Highlights
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Listed by
Realty Executives Alberta Elite Alberta 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
28,361
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
$5,500,000
Asking Price
$5,500,000
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)
28,361
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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