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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,599,000
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
Fantastic freestanding, freehold industrial building in excellent condition. With a series of recent updates including flooring, lighting, and electrical, this property is perfect for a wide variety of uses under the generous M2 Industrial zoning. A large asphalt apron in front of the building gives plenty of room to park or loading, with additional space at the rear of the property for storage or parking. With two large roll-up doors at the front of the building and a large roll-up door at the rear, there is plenty of access for loading and driving through the space. A washroom, office, and storage closet (with washroom plumbing) complete the interior. Bright new LED lights ensure efficient lighting throughout. Equipped with 600V/200A 3-Phase power, nearly 14' clear height (16' to deck), and solid block construction, this property is well-suited to many business types. Expansion of the building has been explored with an architect and a site plan study to increase square footage to over 8000 sq ft is available upon request. Additionally, there was a clean Phase II done in 2019. This is an excellent opportunity to acquire a turnkey property in a prime location with great highway access. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
29 Milburn Street
Postal Code
L8E3A3
Location Highlights
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Listed by
SOTHEBY'S INTERNATIONAL REALTY CANADA 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
3,442
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
$1,599,000
Asking Price
$1,599,000
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)
3,442
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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