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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,488,000
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
Unlock the full potential of this prime commercial property located in East London. Sitting on a generous lot, 720 Cabell Street offers investors and developers a rare opportunity to capitalize on strong market demand for storage, service, and light-industrial space. Currently being used as a Mini Storage facility and a few office on the main floor . When you buy the building you can continue with the Mini storage or change the use. Permitted Uses Under LI1 (Light Industrial 1) In the LI1 variation, the following uses are expressly permitted (subject to compliance with the by-law’s general provisions, regulations, setbacks, etc.): City of London a) Bakeries b) Business service establishments c) Laboratories d) Manufacturing and assembly industries e) Offices support f) Paper and allied products industries (excluding pulp and paper, asphalt roofing) g) Pharmaceutical and medical product industries h) Printing, reproduction and data processing industries i) Research and development establishments j) Warehouse establishment k) Wholesale establishments l) Custom workshop m) Brewing on premises establishments n) Service trades o) Existing self-storage establishments (i.e. those already in place under certain conditions) p) Artisan workshop q) Craft brewery (id:39198)
Location
Province
Ontario
City
London
Address
Cabell
Postal Code
N5Z1P7
Location Highlights
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Listed by
Right at Home Realty 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
12,960
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
$1,488,000
Asking Price
$1,488,000
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)
12,960
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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