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Office Building For Sale at 275 11780 RIVER ROAD in Richmond, British Columbia

New
4 Sale ID #229432
Updated 05 May 2024

Asking Price

$949,000

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

Upstairs Corner Office 1657 sq ft and down 147 sq ft (electrical/utility rooms under front & back stairs: access from unit 175) with spectacular mountain and river views. Air-conditioned, IL Zoning. Showroom/Warehousing for light-weight goods, files etc. 19' Wide x 88' Long. Front & back stairs. (id:39198)

  • MLS® : #C8059464
  • Date Listed : 24 Apr 2024

Location

Province

British Columbia

City

Richmond

Address

275 11780 River Road

Postal Code

V6X1Z7

Location Highlights

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Listed by

Pacific Evergreen Realty Ltd. British Columbia 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

1,804

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

$949,000

Asking Price

$949,000

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)

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

N/A

Premises Size (square feet)

1,804

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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