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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,598,765
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
6000 sqft shop with two 90' drive-through bays, 1200 sqft of offices on 14.77 acres zoned rm2 located a couple of minutes from Grande Prairie just a mile north of HWY 43 on Range Road 53. Bonus 1216 sqft 3 bed 2 bath mobile home. ( also for lease for $7500/month plus triple net) The shop is just over 10 years old and features sumps in the bays, four 14' wide by 16' high overhead doors, 20' ceilings, overhead infrared heat, 32mpa concrete, 3.5 acres are graveled and there is another 10 acres of land that could be developed for extra yard space. The office space consists to a reception area, 2 offices and a bathroom on the main level. Upstairs there is a large lunchroom/boardroom area and 2 large offices. The current tenant will leave with 30 days notice so quick possession can be maintained. This shop has a full perimeter concrete foundation, wood frame walls, and a tin roof. If you are looking for an industrial space with room for your business to grow this affordable shop space with extra land included is an excellent option. The 2002 3 bedroom 2 bathroom manufactured home can be an excellent additional income source. (id:39198)
Location
Province
Alberta
City
Grande Prairie
Address
722080 Rge Rd 53
Postal Code
T8X4J5
Location Highlights
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Listed by
Sutton Group Grande Prairie Professionals 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
6,000
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
$1,598,765
Asking Price
$1,598,765
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)
6,000
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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