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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,250,000
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
Absolute Awesome Location for this Quality Built Shop, Warehouse, Showroom, Offices and Yard Complex. Fully Fenced 1.34 Acre Property with Large Parking Lot. Located on the NE Intersection of Diamond Avenue and Alberta Avenue, right across from Bee Maid Honey. Nice quiet neighbors. Building (14,043 sf) is Metal Frame Construction with Metal Exterior. Shop has 3 Beams for Cranes and present Jib Cranes stay, 2 x 14' Doors and 2 x 16' High Doors in Shop. Full Drains (socks as well), Mezzanine, Lunch Room, Server Room, Radiant Heat, Exhaust, Hot and Cold Water, Pressure Washers, Upgraded T2 Lighting and Power Throughout. Warehouse has 1 x 14' High Door with Triple Sheet, Engineered Mezzanine. Cat 5 Throughout. The Front Office Area has 7 Offices, Showroom, On Demand Hot Water, Washrooms, Shower, Lunch Room, In-Floor Heating and Alarm System. Very Well Built and Maintained. M1 Zoning and Easy Access to Major Roads make this Property Very Suitable to Any High-End Industrial Business. Land and Building Only. (id:39198)
Location
Province
Alberta
City
Spruce Grove
Address
65 Alberta Av
Postal Code
T7X3V4
Location Highlights
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Listed by
Royal LePage Noralta Real Estate 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
14,043
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
N/A
Financial Information
Yearly Rate
$2,250,000
Asking Price
$2,250,000
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)
14,043
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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