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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,500,000
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
Prime Real Estate is proud to present 675 York Street, a 36,389 SF industrial/data centre property near downtown London. The property has three main components: 1) 11,270 SF data centre building, currently utilized by a major telecommunications carrier through a Managed Services Agreement (MSA) 2) 17,111 warehouse building with 18'6 clear height, 5 dock-level doors, and 1 grade-level door; and 3) 8,008 SF two-storey storage building with 10'5 clear height. The 2.004-acre property offers a fully fenced yard. The Vendor has invested considerably in the property - recent upgrades include a new roof over the data centre and storage building, 2 industrial generators which cost over $1M, completely upgraded building controls, and fire sprinklers/suppression. The property offers a prudent investor or owner-occupier considerable income from the data centre, and vacant warehousing space in London's hot industrial market. Data room access is available upon the signing of a confidentiality agreement. (id:39198)
Location
Province
Ontario
City
London
Address
675 York Street
Postal Code
N5W2S6
Location Highlights
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Listed by
PRIME REAL ESTATE 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
36,389
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
$4,500,000
Asking Price
$4,500,000
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)
36,389
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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