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Office Building For Sale at 270 Douglas AVE in Bathurst, New Brunswick

updated
4 Sale ID #132887
Updated 06 May 2024

Asking Price

$2,675,000

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

Lot Size

N/A

Building Size

N/A

Premise Summary

Keystone place is a prominent office complex located in the heart of downtown Bathurst! An exceptional investment opportunity already generating revenue, Keystone Place is home to several prominent tenants such as Grant Thornton, Investors Group, CIBC, CBC Canada and more. The building consists of flexible office layouts, boardroom facilities and a main-level business centre. There's a full-size kitchen on the 5th floor and a kitchenette with seating on the first floor. With 4,600 SP of window space, this building has an abundance of natural lighting throughout. The property is also wheelchair accessible with an on-site elevator.Keystone Place is located on the waterfront and surrounded by amenities. With this location restaurants and business services at your fingertips. The property offers a large paved off-street parking area with designated tenant parking. This building is sitting on a 2.10-acre lot with potential for a new development on-site. Contact for more details! (id:39198)

  • MLS® : #M152366
  • Date Listed : 02 May 2023

Location

Province

New Brunswick

City

Bathurst

Address

270 Douglas Ave

Postal Code

E2A1M9

Location Highlights

N/A

Listed by

Colliers International New Brunswick New Brunswick listing

Category

office-buildings

Property Information

Premise Status

Includes REAL ESTATE

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

40,000

Year Built

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Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

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

$2,675,000

Asking Price

$2,675,000

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.

N/A

Gross Revenue- annual

N/A

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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

40,000

Other Information

Owner willing to Finance

No

Absentee Owner

No

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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