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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,795,000
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
Well maintained commercial property that is suitable for Medical/Dental clinic (current) or as professional offices. All four floors can be used as commercial. High basement with walkout. Four washrooms, Staff Kitchen Area, Fire Alarms, Emergency Exit Lighting, Fire Escapes, Security System. Two car gated parking via lane. **** EXTRAS **** See Virtual Tour for additional pictures. Floorplans and Survey available. (id:39198)
Location
Province
Ontario
City
Toronto
Address
157 Gerrard St E
Postal Code
M5A2E4
Location Highlights
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Listed by
SUTTON GROUP-ASSOCIATES REALTY INC. Ontario 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
2,981
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
$1,795,000
Asking Price
$1,795,000
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)
2,981
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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