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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$622,888
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
A well-maintained 1,800 sq. ft. industrial condo featuring approximately 80% finished office space-1,200 sq. ft. on the main floor plus a 600 sq. ft. mezzanine-and a small warehouse area with drive-in shipping, making it ideal for light industrial or service-based operations. The functional layout provides a clean, professional office environment with practical loading access, along with three designated parking spaces for added convenience. Located in a professionally managed complex just minutes from Highway 401 and Brock Road, the property offers excellent accessibility in a desirable Pickering location. Perfect for owner-occupiers or investors seeking a versatile, low-maintenance asset. Monthly condo fees are $383.82, and 2024 property taxes were $4,546.98. All information herein to be verified by the Purchaser. (id:39198)
Location
Province
Ontario
City
Pickering
Address
Mcpherson
Postal Code
L1W3E6
Location Highlights
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Listed by
RE/MAX HALLMARK FIRST GROUP REALTY LTD. 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
1,200
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
$622,888
Asking Price
$622,888
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)
1,200
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
N/A
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