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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,900,000
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
The George Durrand Residence plus Extra Development Land! - A historically designated building, fully restored from 2020-2023 and meticulously maintained as an office building. Offering unobstructed views, additional development land potential on the rear lot, a maintenance grant every 5 years and 14 newly paved stalls on site. Total size including the developed basement is 4,397 SF + an enclosed deck and sunroom (200 sf +/- each). Additional features include Hunter Douglas blinds throughout, underground sprinklers, a patio, four historic lampposts, beautiful landscaping and landscape lighting. Interior build out is 7 offices, loft/boardroom, a kitchen plus 4 more offices in the basement. This is a perfect opportunity for an owner/user that appreciates the River Valley, City views and historic charm. (id:39198)
Location
Province
Alberta
City
Edmonton
Address
10417 Saskatchewan Dr Nw
Postal Code
T6E4R8
Location Highlights
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Listed by
MaxWell Polaris 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
3,265
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
$2,900,000
Asking Price
$2,900,000
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)
3,265
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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