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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$339,000
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
Excellent Investment or Owner / User plus Landlord. Two second floor office condos in Meridian Park close to downtown and other industrial businesses. The condo fee is $556.96 per month for both units and 2022 taxes are $8,807.85 per year for both units. There are 3 offices, kitchen plus storage in unit 225, 562 sq ft. Unit 229, recently renovated, has 5 offices, kitchen plus a reception area equalling 1123 sq ft for a grand total of 1,685 sq ft for both units. UNIT 229 has a Tenant in place until September 30 2025. Starting at $2,000 per month. On October 1 2024, the rent increased to $2,400 per month. Both units have separate kitchens; Each unit has a separate gas and electric meter, and its own Air conditioning unit on the roof. Units are connected via doorway. Three designated surface parking stalls (two for #229, one for #225). I-G General Industrial zoning allows for multiple uses. (id:39198)
Location
Province
Alberta
City
Calgary
Address
225 & 229 2770 3 Avenue Ne
Postal Code
T2A2L5
Location Highlights
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Listed by
RE/MAX Real Estate (Mountain View) Alberta 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
1,685
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
$339,000
Asking Price
$339,000
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)
1,685
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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