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Office Building For Sale at 15606 NIAGARA PARKWAY Parkway in Niagara On The Lake, Ontario

4 Sale ID #163856
Updated 27 Apr 2024

Asking Price

$25,000,000

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.

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Lot Size

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Building Size

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Premise Summary

Reif Estate Winery, one of Niagara on the Lake's foundational family-owned wineries. Established in 1982 by the Reif family. Nestled within the Niagara River sub appellation, this winery benefits from the region's ideal conditions for cultivating sun-loving grape varieties. The Niagara River presence bestows a prolonged growing season, gently refining it with its moderating air currents, which in turn provide protection against the threat of early spring and late fall frosts. Today, the winery draws from its expansive 125-acre vineyard. Originally planted in 1977, the property is composed of three distinct sections. The main section is made up of five separate buildings that serve the winery's production, distribution, and retail needs. The first building houses the main public tasting area and retail store, where the guests can experience the variety of wines Reif has to offer. In one of the three exclusive tasting rooms at the back, the building also houses 29 stainless steel tanks yielding over 700,000 litres of quality wines. Beyond the large front doors of the main building lies a turf courtyard with a casual seating area flanked by exquisite landscaping tied together with the handcrafted stone waterfall inspired by the original wine barrels of the Reif family. There's an additional seating area where guests can enjoy an array of small dishes prepared carefully to complement the selection of wines. At the rear of the winery lies three warehouses, two of which store current product and packaging. The third building houses all the various tractors, harvesters, and essential farm equipment to maintain the 125-acre vineyards. There are also two residential dwellings on the property, a 3300 square foot, multi level English Tudor style home built in 1988, as well as a 1300 square foot farm workers' house located on Line Two. (id:39198)

  • MLS® : #40490491
  • Date Listed : 26 Sep 2023

Location

Province

Ontario

City

Niagara On The Lake

Address

15606 Niagara Parkway Parkway

Postal Code

L0S1J0

Location Highlights

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Listed by

ENGEL & VOLKERS NIAGARA 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

48,100

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

$25,000,000

Asking Price

$25,000,000

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.

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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.

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Premises Size (square feet)

48,100

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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