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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,150,000
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
Creative financing will be considered | Currently undergoing major transformation, this versatile building previously housing both residential and commercial spaces, now boasts a full-fledged retail and office facility with a generous area of 7965 sq ft. The top floor contributes around 2970 sq ft to the total, while the ground floor, previously a restaurant, provides about 2518 sq ft. A recording studio currently rents the basement that covers roughly 2475 sq ft. All proposals are welcome. *Please do not approach tenants* (id:39198)
Location
Province
Alberta
City
Edmonton
Address
10874-76-78 97 St Nw
Postal Code
T5H2M5
Location Highlights
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Listed by
Century 21 All Stars Realty Ltd Alberta listing
Category
Property Information
Premise Status
N/A
With Accommodation
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Tenancy
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Lot Size
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Available Space
N/A
Building Size
7,963
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
N/A
Financial Information
Yearly Rate
$1,150,000
Asking Price
$1,150,000
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.
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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)
N/A
EBITDA Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
7,963
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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