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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,500,000
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
Immaculate and well-maintained warehouse facility strategically located in the northeast end of the City of St. Thomas, in close proximity to the new battery plant currently under construction-an ideal opportunity for feeder or supporting industries. Originally built in 1974 with a substantial addition completed in 2004, this property offers a functional and versatile layout suitable for a wide range of industrial or warehousing operations.The office component totals approximately 2,665 square feet and includes a welcoming reception area, multiple private offices, staff washrooms, a retail/showroom area, and a boardroom. The warehouse area comprises approximately 31,055 square feet. The original section measures roughly 161' x 119' with clear heights ranging from 17' to 20' at the center and includes an office and staff washrooms. The newer addition measures approximately 59' x 168' and features an office, storage area, one drive-in truck door, and three loading docks. The entire building is fully sprinklered.The rear yard offers fenced and gated parking, providing added security and functionality. Numerous updates and renovations have been completed over the past several years, reflecting pride of ownership throughout.Please note that zoning for the property was amended to residential in 2018; however, the existing warehousing use is legal and conforming. Discussions with the City of St. Thomas Planning Department indicate a willingness to work with a new owner to support compliance with future intended uses.The current owner has occupied the property since 2008 and is relocating to a new facility presently under construction. A sale-leaseback arrangement for approximately 2-3 years is preferred, offering potential income stability for an investor during the transition period. (id:39198)
Location
Province
Ontario
City
St. Thomas
Address
Woodworth
Postal Code
N5P3K1
Location Highlights
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Listed by
ROYAL LEPAGE TRILAND 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
33,720
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
$4,500,000
Asking Price
$4,500,000
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)
33,720
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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