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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,399,999
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
Welcome to 1445 Park Street! This is a rare opportunity to purchase a fully leased multi-tenant office building in East Regina. The property is situated half block from intersection of Dewdney Avenue and Park Street giving you great accessibility and exposure. The total building size is approx. 16,000 Sqft, over 3 split levels, on a large 31,000 Sqft lot that offers 51 parking stalls. Currently there are 4 excellent tenants with various lease terms remaining, one of the Tenant is on a shorter term lease and its space could be available contact agent for more details if you are a buyer looking to occupy one of the spaces. PHASE 1 & 2 ENVIRONMENTAL REPORT AVAILABLE. Southwest roof was redone in 2023 - $80,000 and north roof is up to date with repairs and servicing as well. (id:39198)
Location
Province
Saskatchewan
City
Regina
Address
1445 Park Street
Postal Code
S4N4C5
Location Highlights
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Listed by
Royal LePage Next Level Saskatchewan 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
16,327
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
$2,399,999
Asking Price
$2,399,999
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)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
16,327
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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