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Office Building For Sale at 2485 FIRST STREET LOUTH Street in St. Catharines, Ontario

4 Sale ID #178304
Updated 06 May 2024

Asking Price

$3,999,000

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

Introducing this modern commercial property opportunity! This expansive single-storey building spans over 20,020 sq. ft., accompanied by a spacious warehouse, all occupying a generous 5.028-acre plot of land. The building features an 16' X 18' roll-up shop door, along with main power supplied at 600V, 200A, 3 phase, supported by four sub-panels in the warehouse. Notably, an explosion-proof room adds an extra layer of safety. With 1.5 acres dedicated to the building and parking, the remaining land presents additional potential. Great location close to highway access and other commercial amenities. (id:39198)

  • MLS® : #40509256
  • Date Listed : 05 Nov 2023

Location

Province

Ontario

City

St. Catharines

Address

2485 First Street Louth Street

Postal Code

L2R6P7

Location Highlights

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Listed by

REVEL Realty Inc., Brokerage 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

20,020

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

$3,999,000

Asking Price

$3,999,000

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)

20,020

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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