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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,900
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
This industrial condo unit presents an exceptional opportunity, offering a perfectly sized space just 1.9 KM from Highway 400. The unit has been meticulously renovated and is move-in ready for all office, showroom, and restaurant uses, with the added bonus of a mezzanine storage area. The unit features a total of 2,377 sq. ft., consisting of 314 sq. ft. of office space and 2,063 sq. ft. of industrial area, including an upper mezzanine of approximately 775 sq. ft. Infrastructure highlights include 600-volt, 3-phase power, a 45 KVA transformer, 12 ft. x 12 ft. drive-in truck-level door at the rear, 18 ft. clear ceiling height to the bottom of open-web steel joists, and ample front-of-unit parking for customers and staff. Condo fees are $929 per month, covering maintenance of the building's exterior envelope and water. A new roof was installed in April 2017. The recent construction of the new 5-lane Highway 400 overpass at Lockhart Road and Salem Road, along with roadway reconstruction, widening, buffered bike lanes, and sidewalks, provides excellent exposure and high traffic visibility. EM4 zoning allows for a wide range of permitted business uses. Opportunities like this are rare-don't miss out. (id:39198)
Location
Province
Ontario
City
Barrie
Address
Saunders
Postal Code
L4N9A7
Location Highlights
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Listed by
RE/MAX GOLD REALTY INC. 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
2,900
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
$699,900
Asking Price
$699,900
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)
2,900
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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