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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,975,000
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
N/A
Premise Summary
This property presents an attractive opportunity for a user/investor seeking a versatile asset that will house their operating business and allow them to collect rent from the other tenants on the property. Featuring a vacant well-maintained industrial building with a fenced yard and a full two-story house, and well-maintained grounds, it offers both comfort and functionality. Located on a half-acre lot, the industrial building has three drive-in doors, making it ideal for trades persons or contractor business requiring space and accessibility. The property generates immediate rental income from both the leased home and office space within the industrial building, making it an appealing investment opportunity. Situated centrally in Waterloo Region and close to Wellington County, the location is highly convenient for accessing key areas. The Sellers willingness to provide a Vendor Take Back Mortgage enhances financing options. Additionally, a clean Phase 2 assessment is available. Contact the listing agent if you have any questions. (id:39198)
Location
Province
Ontario
City
Kitchener
Address
28 Bloomingdale Road N
Postal Code
N2K1A2
Location Highlights
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Listed by
COLDWELL BANKER PETER BENNINGER REALTY 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
N/A
Building Size
3,900
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
N/A
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
N/A
Financial Information
Yearly Rate
$1,975,000
Asking Price
$1,975,000
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.
N/A
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)
3,900
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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