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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,575,000
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
Sale-Leaseback Investment Opportunity! The property has been extensively renovated and converted from its previous use as a church to an events venue for Studio96, together with additional space for Studio96 expansion (currently offices for owner E3 Architecture Inc). The unique English Tudor Revival style brick and wood framed building with steeply pitched roof and brick buttresses has graced the McCauley neighbourhood for over a century. Although not designated, this building is recognized as a historic resource within the City of Edmonton. (id:39198)
Location
Province
Alberta
City
Edmonton
Address
10909 96 Nw
Postal Code
T5H2K4
Location Highlights
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Listed by
Sable Realty 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
6,337
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
$1,575,000
Asking Price
$1,575,000
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)
6,337
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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