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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$10,500,000
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
Fabulous investment opportunity! Downtown Thorold, extremely well maintained 6 year old building featuring 60 student rental units and one 1500 sq ft commercial space located right in the heart of Front Street. The commercial space and student units are fully rented and the current property manager is willing to stay on, allowing for a stress-free investment. Each unit has a bedroom, sitting area and 3 pc bathroom. A shared kitchen on each floor includes 2 refrigerators, 2 stoves, 2 microwaves and an eating area to seat 8. a large common area in the basement with ping pong table, couches and TV's plus laundry area with coin operated washers and dryers. Units are hotwater, radiant heat. All common areas and main floor commercial are forced air heat with a/c. Properties to the north have been purchased and will be redeveloped. Housing Brock University and Niagara College Students, with all necessary amenities in walking distance. Do not let this amazing investment opportunity pass you by! (id:39198)
Location
Province
Ontario
City
Thorold
Address
20 Front Street S
Postal Code
L2V1W9
Location Highlights
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Listed by
RE/MAX GARDEN CITY REALTY INC, BROKERAGE 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
24,000
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
$10,500,000
Asking Price
$10,500,000
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)
24,000
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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