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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$395,000
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
This well-maintained Industrial office unit, located in Johnstone Park, is available for purchase. The unit is 2,160 SF and features a main floor reception area/waiting room with a built-in desk, three offices, two washrooms, a staff kitchen, and an additional room that could be used as another office or storage. The second floor is 1,295 SF of developed office space with three offices, a conference room, a server room, and a third washroom. The shop area includes (1) 12' x 14' overhead door, additional storage space, and a sink. There is a fenced compound behind the building for outdoor storage. The entire site is paved, with ample parking available in the front of the building. Monthly condo fees are estimated at $440.26 a month. (id:39198)
Location
Province
Alberta
City
Red Deer
Address
5 6720 71 Street
Postal Code
T4P3Y7
Location Highlights
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Listed by
RE/MAX Commercial Properties 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
2,160
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
$395,000
Asking Price
$395,000
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)
2,160
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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