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Office Building For Sale at 103 COLLIER ST in Barrie, Ontario

4 Sale ID #210287
Updated 29 Apr 2024

Asking Price

$999,000

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

Lot Size

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Building Size

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Premise Summary

3 storey office building, semi detached located in downtown Barrie close to City Hall, Court House, Registry Office, shopping and waterfront. Conveniently located on Collier St. with excellent exposure. Main Floor features washroom, open spaces and private office with rear exterior access. 4 offices on 2nd floor with washroom. 3rd floor features approx. 672 s.f. apartment w/1 bdrm and 3 pc bath. Lower level partially finished with dry storage and offices. Building includes shared drive to 6 parking spots. Zoning permits many different uses. Tenant pays taxes, utilities, maintenance and insurance. Approx 2000 s.f. Office and 672 s.f. Apartment. Power: Single Phase (id:39198)

  • MLS® : #S8105774
  • Date Listed : 01 Mar 2024

Location

Province

Ontario

City

Barrie

Address

103 Collier St

Postal Code

L4M1H2

Location Highlights

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Listed by

ED LOWE LIMITED Ontario 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

2,672

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

$999,000

Asking Price

$999,000

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.

N/A

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.

N/A

Premises Size (square feet)

2,672

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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