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Office Building For Sale at 102 832 Fisgard St in Victoria, British Columbia

4 Sale ID #140790
Updated 05 May 2024

Asking Price

$829,900

Cap Rate help 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

Strata commercial office space in Downtown Victoria! Located at the north edge of the Downtown Core, this 1457 sq.ft. strata office is situated on the ground floor of a residential strata building on a quiet street with easy access to parking and transit. Unit 102 is accessed by stairs on the east side of the building and enjoys a quiet outlook onto landscaped common property. Unit 102 is divided into four large offices, a spacious central reception and waiting area, staff kitchen, 2-piece washroom and large utility room (5th office). There are 2 parking spaces immediately west of the office reserved for Unit 102’s exclusive daily use between 8:00 a.m. and 6:00 p.m., and non-exclusive use outside these hours. Need more space? Unit 102 is connected to Unit 103 by an interior door, the latter being demised into three office spaces, a central reception/administrative work area and a client waiting area. Why pay rent when you can invest in your own office space? Contact us today for more information! (id:39198)

  • MLS® : #936050
  • Date Listed : 28 Jun 2023

Location

Province

British Columbia

City

Victoria

Address

102 832 Fisgard St

Postal Code

V8W1S1

Location Highlights

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Listed by

Sutton Group West Coast Realty British Columbia listing

Category

office-buildings

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

0

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$829,900

Asking Price

$829,900

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

N/A

Absentee Owner

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Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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