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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$895,000
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
This solidly built building is a house conversion to offices and a 2 bdrm basement suite. The property is located in downtown Parksville. The main floor consists of 1088 sq ft with a level entrance to the waiting area, reception, 4 private offices, break area and laundry. The 2 bedroom suite in the walk out basement is 958 sq ft and was recently renovated. In addition there are 10 parking spaces in total, plus street parking. Anyone seeking professional office space with rental income will consider this as the ideal investment, including accountants, financial planners, lawyers and medical practitioners etc. (id:39198)
Location
Province
British Columbia
City
Parksville
Address
145 Hirst Ave E
Postal Code
V9P2E9
Location Highlights
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Listed by
NAI Commercial Central Vancouver Island Ltd. British Columbia 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
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
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
$895,000
Asking Price
$895,000
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)
0
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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