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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,600,000
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
INVESTMENT OPPORTUNITY. This shop has a Tenant that has just renewed their lease until 2025. 10,500 Square foot shop available for sale in Minhas Industrial Park south of the city. 10.88 acre fenced, graveled and landscaped lot!!! Powered parking around the building. 30' x 40' cold storage shop, that is insulated and has power and a 14' overhead door. Thee main shop has a main floor area of 9,000 square feet and a second floor that is 1,500 square feet. There is a 675 square foot unfinished mezzanine in the shop area. The office areas have had updates in the past few years and include vinyl plank flooring, paint and LED lighting. The office area has air conditioning. The shop has a 22' ceiling and 4 - 16' x 16' overhead doors and 1 - 16' x 18' overhead door. There is a 5 ton crane in the shop and a pressure washer. 400 amp, 3 phase power. The zoning is RM-2, which is Rural Medium Industrial. (id:39198)
Location
Province
Alberta
City
Grande Prairie
Address
705071 Range Road 61
Postal Code
T8W5A8
Location Highlights
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Listed by
RE/MAX Grande Prairie 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
10,500
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
$2,600,000
Asking Price
$2,600,000
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)
10,500
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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