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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,990,000
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
Lot Size
N/A
Building Size
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Premise Summary
22,800 sq ft shop and 5,520 sq ft office building on 10 acres in Blindman Industrial Park. The shop was built in two phases, the first in 1986 and second in 2000. The original shop is 60’ x 225’ and has 8 - 14’ x 16’ doors, mezzanine with large staff room and storage, washrooms, parts bays etc. The newer shop is 80’ x 115’ with 22’ ceilings and 4 drive through bays, one with 18’ x 16’ doors. The site is serviced with a well and septic tank, and 3 phase, 600 AMP power. There is perimeter chain link security fencing with four gates. The two storey office building is separate from the shop and has a large reception area, executive offices, dispatch office and washrooms on the main floor. There is a large boardroom and several more offices as well as washrooms and storage space on the second floor. The office space was refreshed a few years ago and is in very good condition. The large lot size and drive through bays makes this site perfect for a trucking company or manufacturer. Phase I Environmental is available. (id:39198)
Location
Province
Alberta
City
Red Deer
Address
4331 Gerdts Avenue
Postal Code
T4S2B3
Location Highlights
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Listed by
RE/MAX real estate central alberta 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
28,220
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
N/A
Financial Information
Yearly Rate
$2,990,000
Asking Price
$2,990,000
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
28,220
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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