Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,349,000
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
Huge $350,000 price reduction plus a new roof!!! Investment Opportunity listed over $825,000 below assessment value!! This multi-tenant building boasts high visibility and updated spaces, complete with new flooring, fresh paint, and modern baseboards. The common area and exterior have been fully renovated as well including a brand-new roof! Conduct business in a warm and inviting environment. Retail, and office space on the main floor with a large open atrium. The second and third floors feature convenient kitchenettes, and all tenants have access to a well-appointed boardroom on the second floor. Accessibility is no issue with wheelchair access and an elevator, plus the added convenience of 22 heated underground parking stalls. A rear loading dock and additional storage rooms in the underground parking area make this an excellent choice for businesses with storage needs. Current gross rent is $33,800 a month which would increase to over $44,000 when fully leased. Demand for retail and office space has been increasing and the occupancy has been steadily increasing in this building. Take advantage of the current occupancy rate to buy this newly renovated building at a significant discount. View the virtual video and book a showing today! (id:39198)
Location
Province
Alberta
City
Grande Prairie
Address
9804 100 Avenue
Postal Code
T8V0Y8
Location Highlights
N/A
Listed by
Sutton Group Grande Prairie Professionals Alberta listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
29,756
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
$2,349,000
Asking Price
$2,349,000
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.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
29,756
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
