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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,290,000
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
Outstanding office space located in one of Red Deer's newest and most modern professional building well situated in South Red Deer. Fully developed 3877 sq ft. space includes reception area, bull pen, 12 individual offices, as well as conference room and staff lounge. Property comes with 9 outdoor parking stalls. Buyer may negotiate to purchase an additional 6 individually titled underground stalls. Property is fully leased until end of May, 2023. Available for lease @ $16/sq ft plus $11/sq.ft addition rent cost. (id:39198)
Location
Province
Alberta
City
Red Deer
Address
270 5002 55 Street
Postal Code
T4N7A4
Location Highlights
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Listed by
Royal Lepage Network Realty Corp. 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
3,877
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
$1,290,000
Asking Price
$1,290,000
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)
3,877
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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