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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,100,000
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
EXPOSURE, EXPOSURE, this One Level LIGHT INDUSTRIAL COMMERCIAL BUILDING has a Warehouse/shop style and is on a 1/4 of an acre near downtown Courtenay. The building is approximately 6000 SQ FT and has 12' high ceilings, three shop area and large 1200 sq. ft. storage area. At one time this was OK Tire & Garage, and presently it is being operated by COURTENAY THRIFT Store. What a LOCATION, high visibility. The property has a Two Road access. INDUSTRIAL 2 ZONING allows for Veterinary Clinic, School, Fitness Facility, Automobile Service & Repairs, Auction Centre, MICRO-BREWING, PLUS many other Permitted Uses. CONTACT the Listing Agent Heather for More Information and to Book an appointment with Heather Clifford 604-698-9855 to view. (id:39198)
Location
Province
British Columbia
City
Courtenay
Address
971 Cumberland Rd
Postal Code
V9N2E5
Location Highlights
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Listed by
eXp Realty British Columbia 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
0
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
$1,100,000
Asking Price
$1,100,000
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)
0
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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