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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,000
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
Excellent M2 - Light Industrial opportunity in Espanola. 4.56 acres of land and three buildings. The main building is a partially completed pre-engineered Varco Pruden (VP) 8500 square foot steel frame building that is designed for 3 floors to create a total of 17,806 square feet. 20 foot main floor ceilings. Outside dimensions are 53 x 162. It consists of 3 grade level overhead doors and 400 AMP, three-phase power. It has a south facing slanted roof designed for solar power panels. Second building is 1,200 square feet complete with grade level overhead door, 200 AMP, three-phase power, a washroom with shower. The third building is approximately 250 square feet with power and skylights. Rough-in plumbing is complete. Currently this project requires additional work including plumbing, lighting, drainage, concrete slab, insulation and finishing of second and third floors. (id:39198)
Location
Province
Ontario
City
Espanola
Address
37 Panache Lake Road
Postal Code
P5E1H9
Location Highlights
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Listed by
JOHN E. SMITH REALTY SUDBURY LIMITED, BROKERAGE 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
0
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
$799,000
Asking Price
$799,000
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)
0
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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